EVER Wallet
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EVER Wallet (EN)
EVER Wallet (EN)
  • Introduction
    • About EVER Wallet
    • Everscale
  • Getting started
    • Install & Singing in
      • How to install your wallet
        • EVER Wallet Extension
        • EVER Wallet App
      • Creating a new wallet
        • Creating a new wallet Extension
        • Creating a new wallet App
      • Sign in with existing seed phrase
        • Sign in with existing seed phrase Extension
        • Sign in with existing seed phrase App
      • Sign in with existing backup
      • Types of account
      • Deploy
    • How to get EVER
  • Manage assets
    • How to add tokens to your wallet
    • Sending and receiving tokens
    • Transactions
  • APP Browser
  • stEVER
    • About stEVER
    • How to get/unstake stEVER
  • Seed phrase, keys and accounts
    • Architecture
    • Seed phrase management
      • EVER Wallet Extension
      • EVER Wallet App
    • Keys management
      • EVER Wallet App
      • EVER Wallet Extension
    • Account management
      • EVER Wallet App
      • EVER Wallet Extension
  • Multisig
    • Creating a Multisig account
    • Add a Multisig account
  • Networks
  • Contacts
  • Concepts
    • Different transport: Mainnet (GQL) and Mainnet (ADL)
    • Fees
    • EVER & WEVER
    • EVER Scan - Everscale explorer
  • See also
    • FlatQube
    • Octus Bridge
    • Broxus Github
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On this page
  • Let’s see how it works
  • The Balancer mechanism
  • The formulas

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  1. stEVER

About stEVER

Liquid staking is a new method of income accrual for EVER token holders. With it, you no longer have to lock tokens for a specific period of time in order to receive rewards. Turning on to the liquid staking option, you can do both at once. Namely, stake EVER, receive stEVER (staked EVER) tokens in return, and participate in DeFi to generate additional yield or in EVER DAO to vote for proposals.

The work to integrate stEVER into EVER DAO is underway.

Let’s see how it works

stEVER is a TIP 3.1 token with the same characteristics as other tokens launched on Everscale. They are issued and deposited on your wallet balance the moment you stake your EVER in the system. The number of stEVER received in return is determined by the current exchange rate (see how it forms below). In turn, the amount of EVER you will receive by unstaking changes in line with the accruals of EVER awards. The validators of stEVER work as the usual ones, except that their depools receive stakes only from the balancer.

The Balancer mechanism

When users stake with depools, they are willing to get the most out of a pool’s APR. However, it changes depending on the amount of liquidity and the number of users staking. The rates fluctuate daily, and depending on how long you lock your tokens for, you could end up getting much less back than you initially imagined.

The launch of stEVER tokens drastically reduces this risk with the help of a balancer mechanism. It is designed to keep the APR as high as possible. Currently, it is close to the basic profitability of the network. To do so, the balancer manages the stakes distribution between depool contracts. It ensures that the rounds are not overloaded and that pools work at peak efficiency.

The formulas

ii i - epoch number

rateirate_iratei​ - exchange rate after deposit/withdrawal

EiE_iEi​ - new total stEVER supply

CiC_iCi​ - new cumulative stEVER collateral in EVERs

cic_i ci​ - amount of EVERs that are withdrawn at the stEVER burning (unstaking)

rir_iri​ - epoch reward in EVERs

eie_iei​ - how many stEVERs are to be issued (exchanged) after the deposit of EVERs

  • The amount of stEVERs issued in return for staked EVERs:

ei=Eiβˆ’1βˆ—ciCiβˆ’1e_i= \frac{E_{i-1} *c_i}{C_{i-1}}ei​=Ciβˆ’1​Eiβˆ’1β€‹βˆ—ci​​
  • New total stEVER supply:

Ei=Eiβˆ’1+eiE_i=E_{i-1}+e_iEi​=Eiβˆ’1​+ei​
  • New cumulative stEVER collateral in EVERs:

Ci=Ciβˆ’1+ci+riC_i=C_{i-1}+c_i+r_iCi​=Ciβˆ’1​+ci​+ri​
  • The exchange rate of stEVER and EVER after stacking/unstaking:

ratei=EiCi,i>0rate_i=\frac{E_i}{C_i},i>0ratei​=Ci​Ei​​,i>0
  • The amount of EVERs that are withdrawn at the stEVER burning (unstaking):

ci=Eiβˆ’1βˆ—eiCiβˆ’1c_i=\frac{E_{i-1}*e_i}{C_{i-1}}ci​=Ciβˆ’1​Eiβˆ’1β€‹βˆ—ei​​

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Last updated 2 years ago

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