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  • PROTOCOL OVERVIEW
    • πŸ‘‹Welcome to H2O
    • πŸ› οΈWhat can I do with H2O?
    • πŸŒ…Who is behind H2O?
    • πŸ”±POSEIDON Mechanics
    • πŸ”±$PSDN Emissions
    • πŸ”±psdnOCEAN: veOCEAN Liquid Staking
    • πŸ•ŠοΈGovernance Minimization Guide
    • πŸͺ™Tokenomics
    • ❓FAQ
    • ❔FAQ: psdnOCEAN
    • πŸ› οΈHow TO Guide : psdnOCEAN Staking
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      • 🏁Airdrop Claim Process
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  • INCENTIVES
    • ⏩Mint + LP Incentives Program
    • ⛏️POSEIDON Staking
  • CONTRACT VARIABLES TRANSLATION
    • πŸ”΅Core Contracts Naming Transition
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On this page
  • What is psdnOCEAN?
  • What does psdnOCEAN flow look like?
  • What are psdnOCEAN main benefits?
  • How are rewards distributed?
  • What does auto-staking mean?
  • How does psdnOCEAN impact $H2O?
  • Can I convert psdnOCEAN back to OCEAN?
  • What happens when users choose to β€˜lock tokens’?
  1. PROTOCOL OVERVIEW

FAQ: psdnOCEAN

PreviousFAQNextHow TO Guide : psdnOCEAN Staking

Last updated 2 years ago

What is psdnOCEAN?

psdnOCEAN is the liquid staking wrapper for veOCEAN, and it allows users to exchange $OCEAN for psdnOCEAN and benefit from a liquid token that is, at the same time, a sustainable source of real yield.

What does psdnOCEAN flow look like?

What are psdnOCEAN main benefits?

The main benefit of psdnOCEAN is the ability for users to exchange $OCEAN in return for a liquid token while maintaining exposure to veOCEAN (4-year locked) rewards, potential Data Farming rewards, and earning additional $PSDN emissions. Liquid tokens are transferable.

How are rewards distributed?

All rewards are distributed in $OCEAN and $PSDN.

Note: Only staked tokens are eligible for rewards

  • 80% revenue share of locked veOCEAN (4 years) through psdnOCEAN.

  • 80% revenue share generated through the allocation of veOCEAN in Data Farming.

  • Majority of $PSDN emissions

Rewards for psdnOCEAN single-sided staking:

  • 15% revenue share of locked veOCEAN (4 years) through psdnOCEAN.

  • 15% revenue share generated through the allocation of veOCEAN in Data Farming.

  • $PSDN Emissions

Rewards for PSDN

  • 5% of total revenue generated through psdnOCEAN and Data Farming.

  • $PSDN emissions

What does auto-staking mean?

Auto-staking provides the user with the possibility to automatically stake psdnOCEAN into single-sided staking immediatly after conversion. Users who wish not to stake automatically can do this manually.

How does psdnOCEAN impact $H2O?

it doesn't.

Can I convert psdnOCEAN back to OCEAN?

Converting $OCEAN to psdnOCEAN is irreversible. You may stake and unstake psdnOCEAN, but not convert them back to $OCEAN. Secondary markets, however, allow the exchange of psdnOCEAN and $OCEAN at varying rates.

What happens when users choose to β€˜lock tokens’?

β€˜Lock tokens’ is the function necessary to lock $OCEAN into veOCEAN. Users can choose to execute this function or delegate the responsibility of locking their tokens. Not locking the tokens will result in a small fee.

Rewards for :

❔
psdnOCEAN/OCEAN LP