To incentivize Steer token holders who wish to contribute to liquidity and the safety of the Steer protocol at its initial launch, Steer will offer 60% APY until the launch reward period ends. Launch rewards will be active for 3 months, during which other rewards may be announced.
Steer will also offer staking the LP tokens soon.
When can I unstake?
Steer token can be unstaked at any time. Unstaking before the staking period ends will lead to loss of earned rewards.
How are rewards distributed?
Stakers will receive Steer tokens, distributed continuously. Stakers must claim their Steer token themselves after the staking period ends.
If node operators stake, they benfit from increased APY due to their participation in the network. This is subject to change. Follow us on discord to stay updated.