Staking

Staking is the secondary value accrual strategy of Goblins. Stakers stake their GOB tokens on the Goblins Website to earn rebase rewards. The rebase rewards come from the proceeds from bond sales, and can vary based on the number of GOB staked in the protocol and the reward rate set by monetary policy.

Staking is a passive, long-term strategy. The increase in your stake of GOB translates into a constantly falling cost basis converging on zero. This means even if the market price of GOB drops below your initial purchase price, given a long enough staking period, the increase in your staked GOB balance should eventually outpace the fall in price.

When you stake, you lock GOB and receive an equal amount of sGOB. Your sGOB balance rebases up automatically at the end of every epoch.

When you unstake, you burn sGOB and receive an equal amount of GOB tokens. Unstaking means the user will forfeit the upcoming rebase reward. Note that the forfeited reward is only applicable to the unstaked amount; the remaining staked GOB (if any) will continue to receive rebase rewards.

Click here to see how to stake and unstake on Goblins.