Sweet Pool FAQ

FAQ

What lock duration can we choose?

You can choose from 1-52 weeks. What do you prefer?

What variables affect the new Sweet Pool APYs (Flexible and Fixed-Term Staking options)?

Since flexible staking and fixed-term staking options are part of the same pool, the following variables affect the APY of both:

• Total LENO staked in flexible staking and fixed-term staking (the sum of both). The more LENO staked, the lower the APY.

• Total locked LENO in fixed-term staking. The more LENO locked means more yield boosts, resulting in fewer LENO rewards for others (especially flexible staking).

• The average lock duration of all LENO locked in fixed-term staking. If the average lock duration increases, APY will decrease.

Can I harvest the rewards during the locked period?

No. You can harvest the rewards only when the locked duration is ended. This is based on the yield/return we are providing as well as the technical implementations.

Can I extend the lock duration?

Yes. Extending the lock duration adds more time to your initial lock duration. When choosing to extend your lock duration, note:

New extended lock duration = initial lock duration + added duration

Can I remove my LENO from Fixed-Term staking via contract if I change my mind?

No. Your LENO cannot be removed or withdrawn from fixed-term staking at any point in time until your lock duration ends and your LENO is unlocked.

What is the "LENO Locked" amount?

The "LENO Locked" amount is a user's initial locked LENO balance plus LENO rewards to date.

LENO Locked = Initial locked LENO balance + LENO rewards

When adding more LENO to fixed-term staking, the "LENO to be locked" amount is the user's initial locked LENO balance, LENO rewards to date, and the LENO being added.

Can the Fixed-Term Staking LENO pool APY change after I lock my LENO?

Yes, the fixed-term staking LENO pool APY is variable, just like the old LENO pools. The fixed-term staking LENO pool APY is not fixed and is dependent on:

• Total LENO staked in the LENO pool (the sum of both Flexible + Fixed-Term Staking).

• The average lock duration of all LENO locked in fixed-term staking.

• A yield boost (similar to a multiplier) calculated from a user's initial lock duration. The longer you lock your LENO, the higher the yield boost.

For example, if you lock your LENO for 52 weeks, your yield boost will be larger than if you lock your LENO for 26 weeks. The yield boost increases linearly the longer you lock your LENO.

Can I still participate in IFOs if my LENO is locked in the Fixed-Term Staking pool, or will I need to buy more LENO?

TBD, more information will be provided soon.

Can I vote if my LENO is locked in the Fixed-Term Staking pool?

TBD, more information will be provided soon.

Can I use both the Flexible Staking LENO pool and the Fixed-Term Staking LENO pool at the same time?

No. As mentioned above in the "What’s the difference" section, both options are part of the same, single pool. You currently can never have LENO in both fixed-term and flexible staking.

We have multiple solutions coming in the future to allow users to use both flexible staking and fixed-term staking at the same time, but for now, you can choose only one of them.

Is there a fee for converting Flexible Staked LENO to Fixed-Term Staked LENO?

No. There are no additional fees for moving LENO from flexible staking to fixed-term staking, only network fees.

What happens at the end of the lock duration? What is "After Burning"?

When your fixed-term staking period ends, and your LENO unlocks, you have 7 days to complete one of two options:

• Lock your LENO to begin a new fixed-term staking period or

• Convert your staked LENO to flexible staking (no 72-hour withdrawal fee).

During these 7 days, you will still earn LENO.

After 7 days, if you have not done one of the two options, your staked LENO will enter what is called "After Burning". With "After Burning", your LENO rewards will start to be sent to burn. The % of LENO rewards being sent to burn will linearly increase in the 90 days "After Burning" period until it reaches 100%, which means all the LENO rewards are burnt.

So, to avoid missing out on LENO rewards, we recommend starting a new fixed-term staking period or converting your LENO to flexible staking at the end of your lock staking period.