Staking
(EDM = governance & fee/burn token · EDSD = platform stable · burns never fund rewards)
Core principle
Staking is how EDM holders secure—and help steer—the rail, and share in the treasury-half of fees. It never touches safety rules, and it never discounts the burn. Half of every protocol fee still burns in EDM at proof; staking draws only from the non-burn half.
What staking is
You lock EDM for a period. While it’s locked, you get governance weight and you earn variable rewards funded from the treasury half of protocol fees (and, where governed, a portion of treasury interest). Rewards are not guaranteed; they depend on real usage of the rail.
Rewards source: treasury half of protocol fees (+ an optional governance-set share of treasury interest on Locked EDSD).
Rewards token: EDM (distributed per epoch).
Burns: unaffected—50% of each protocol fee still burns at the milestone/settlement.
EDSD is a working currency, not a staking asset. You don’t stake EDSD.
Programs
Governance Staking (veEDM)
Lock EDM to get vote weight and staking rewards. Longer locks = more weight; your voting power decays toward unlock.
Lock terms (governance-set bands): 30, 90, 180, 365 days (auto-renew optional).
Voting: controls Trade & Tokens parameters (see C2/C3/C4 & B6), never the foundations (No EMT-No funds, One-Claim, must-fund before shipping, 50% burns).
Rewards: a per-epoch share from the staking pool (a slice of the treasury half), streamed pro-rata by veEDM.
Attestor Bond
Independent verifiers post an EDM bond to join the allowed set. This is slashable for bad attestations or missed SLAs.
Bond size & slashing rules are governed; payouts come from attestor share of the treasury half.
Not a passive stake—this is for entities who sign evidence (SGS/Intertek/BV-like roles).
Liquidity Staking
If governance enables LP programs, EDM rewards can be emitted to approved EDM/EDSD or EDM/USDC pools with strict caps and kill-switches. Impermanent loss is your risk.
How rewards work
Epochs: rewards accrue in fixed epochs (e.g., weekly). At each epoch end, the staking pool is funded from the treasury half collected that period.
Split: governance sets the split of the treasury half across attestors / network ops / builders / ecosystem / stakers; burns remain fixed and out of scope.
Formula (simple): your reward = poolEDM(epoch) × (your veEDM / total veEDM).
Claim/compound: claim to wallet or toggle auto-compound (restakes claimed EDM with your current remaining lock).
Unstake/cooldown: you request unlock; after the lock ends and a cooldown (e.g., 7 days), you withdraw. Early unlock—if enabled—carries a penalty paid back to the pool.
Transparency: the Staking page shows pool inflows, epoch APR (realized), total veEDM, and past distributions. The Explorer shows per-epoch transactions, and the burn ledger shows per-milestone burns—separate lines, never mixed.
Fee rebates
Governance may enable user-side rebates for heavy, compliant usage. If enabled:
Scope: rebates can apply only to the treasury half of protocol fees (Tokens 4%, Trade 0.5%/milestone), never to the burn half.
Caps: per-org monthly caps and per-order ceilings; rebates are post-facto credits in EDM or EDSD.
Eligibility: tied to veEDM, tier (C2), and clean record (low false blocks, on-time top-ups).
What doesn’t rebate: seller assignment fee (1%) and cash-out fee (0.5%) are operational fees—no rebates.
What staking does not change
No EMT, no funds—milestones still pay only when proof lands.
One-Claim—no reuse of evidence.
Must-fund before shipping—after Pre-Ship EMT, remaining milestones must be funded as Locked EDSD.
Locked→Unlocked—funds are platform-bound until the seller’s schedule completes.
Burns—50% of each protocol fee still burns in EDM at settlement/release; staking can’t change that.
Risks & safeguards
Variable rewards: usage drives emissions; APRs go up and down.
Lock risk: your EDM is locked until the end of the term (or longer, if you auto-renew).
Smart-contract & oracle risk: program is audited, but non-zero risk remains.
Governance risk: parameters (caps, splits) can change via on-chain votes with a 72h timelock and public diffs.
Attestor bond only: slashing applies if you choose that professional track.
Emergency controls: in a critical incident, a timelocked, narrowly scoped pause (<72h) can halt new rewards or new locks; funds remain withdrawable at term.
How to use it
Pick a lock (30/90/180/365).
Stake EDM → get veEDM (governance weight).
Vote or delegate on proposals that tune milestones, checklists, SLAs, and treasury-half splits.
Earn per epoch; claim or auto-compound.
Unlock at term; withdraw after cooldown.
Plain recap
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