New SELF Made Pool
Last updated
Last updated
SMBSwap now offers one SELF Made Pool with two staking options: flexible staking or fixed-term staking. Note that the Auto SELF and Manual SELF pools will be retired upon the launch of the new SELF Made Pool with flexible and fixed-term staking. Keep reading on to learn more!
With both, you can simply stake your SELF tokens to earn more SELF tokens with no deposit fees—both staking options auto-compound SELF rewards for you. Flexible staking allows users to stake SELF and earn rewards with the ability to unstake whenever they please. Fixed-term staking allows users to maximise their yield and earn even more SELF by locking their staked SELF for a period of time they choose, earning a linearly boosted APY compared to flexible staking.
Flexible staking and fixed-term staking are both part of the same pool to allow users easy migration between the two staking options. Because of this, you can only choose one staking option at a time. More details about the differences are below.
Stake your SELF and forget about it! The SELF you stake in this Made Pool will be automatically compounded (reinvested) for you, minus a small fee (same as the old Auto SELF Made Pool).
If you have SELF staked in flexible staking
✅ Add more SELF to flexible staking
✅ Harvest rewards any time
✅ Withdraw any time (fees apply for the first 72 hours, see below)
✅ Convert all staked SELF in flexible to fixed-term staking
❌ Add SELF to fixed-term staking if you have any SELF in flexible staking
❌ Convert part of the staked SELF in flexible to fixed-term staking
Unstaking fee
0.1% if you unstake (withdraw) within 72 hours.
Only applies within 3 days of manually staking.
After 3 days, you can unstake with no fee.
The 3-day timer resets every time you manually stake more SELF in the pool.
This fee only applies to manual unstaking: it does not apply to automatic compounding.
Performance fee
2%, subtracted automatically from each yield harvest.
For example, if the harvest were 1 SELF, then 0.02 SELF would be subtracted as the performance fee.
The SELF collected via the unstaking fee and performance fee is burned every week as part of the regular SELF token burns.
This is a good thing for SELF holders because it reduces the overall amount of SELF tokens in existence, which helps reduce inflation.
Stake your SELF for a fixed amount of time to maximise yields and receive additional benefits! The staked SELF will be automatically compounded during the entire lock duration.
No performance fees
The longer you lock, the higher the boost applied to the yield! Always offering a higher APY compared to flexible staking!
SELF rewards are auto-compounded and will unlock, along with your staked SELF, when your lock duration expires
Once staked in fixed-term staking, you cannot withdraw until the end of your lock duration.
If you have SELF locked in fixed-term staking
✅ Add more SELF to lock
✅ Extend lock period
❌ Add SELF to flexible staking
❌ Harvest rewards
❌ Withdraw before locked term ends
Chefs are cooking up additional benefits in the near future!