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Staking

What is Staking

Staking is the primary value accrual strategy of MAMA DAO. Stakers stake their MAMA tokens on the MAMA DAO website to earn harvest rewards. The harvest rewards come from the proceed from bond sales and can vary based on the number of MAMA tokens staked in the protocol and the reward rate set by monetary policy.
Staking is a passive, long-term strategy. The increase in your stake of MAMA translates into a constantly falling cost basis converging on zero. This means even if the market price of MAMA drops below your initial purchase price, given a long enough staking period, the increase in your staked MAMA balance should eventually outpace the fall in price.
When you stake, you lock MAMA and receive an equal amount of sMAMA. Your sMAMA balance harvests up automatically at the end of every epoch/rebase. sMAMA is transferable and therefore composable with other DeFi protocols.
When you unstake, you burn sMAMA and receive an equal amount of MAMA. Unstaking means the user will forfeit the upcoming harvest reward. Note that the forfeited reward is only applicable to the unstaked amount; the remaining staked MAMA (if any) will continue to receive harvest rewards.
Note: Note: As part of the anti-dumping measures to avoid people selling directly after a rebase, MAMA DAO will implement a warm-up staking period of 3 epochs. Users must have their MAMA staked for 3 or more epochs/rebases before they can claim sMAMA with the rebase rewards. In other words: if you stake MAMA, you have to wait 3 epochs/rebases before you will be able to unstake sMAMA. During the warm-up period, users will accumulate rewards. When 3 epochs/rebases have elapsed, the sMAMA balance can be claimed from the warm up contract.
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