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Reward Token Staking Pool
The Reward Pool allows users to stake their Lendr Reward Tokens to collect the issuance/redemption fees generated by the lending platform. When users open a trove they pay a small one-time fee that is sent to reward pool stakers.
To start staking all you need to do is deposit your reward tokens tokens into the Lendr Network Reward Pool staking contract. Once done you will start earning a pro rata share of all borrowing and redemption fees in USDL and native blockchain tokens.
You can view a step-by-step explainer video on how to stake your reward tokens on our Quick Start Guide.
Your reward tokens will earn a share of the fees equal to your share of the total reward token staked, at the instant the fee occurs.
No, you can withdraw your staked funds at any time.
You can only stake reward tokens in the Reward Staking Pool. Stablecoins can be deposited into the Stability Pool instead.
No, staked reward tokens are not used to backstop the Lendr Network system and are not used for governance as there is no Lendr Network governance.