πStaking $SONX
Staking is a foundational component of the Sonarix protocol, designed to incentivize long-term participation, secure the system, and align the interests of users with the protocolβs growth.
By staking $SONX, users lock their tokens in exchange for passive yield, early access to features, and governance power as the platform evolves.
π οΈ How Staking Works
Sonarix allows users to stake $SONX tokens in return for protocol-generated rewards. These rewards are distributed from a staking pool and may consist of:
Protocol revenue (e.g., interest margin, liquidation fees)
Emission-based incentives (from a predefined pool)
Bonus multipliers for early or long-term stakers
Staking is available in two modes:
1. Flexible Staking
Users can deposit and withdraw $SONX at any time
Yields are lower, but liquidity is unlocked
Rewards are claimable periodically (e.g., every epoch or weekly)
2. Locked Staking
Users commit $SONX for a fixed duration (30, 90, 180, or 365 days)
Longer lock = higher yield multiplier
Early withdrawal (if enabled) incurs a penalty or cooldown
Provides priority access to governance features and protocol airdrops
π Reward Model
Rewards are calculated based on:
Where:
User Stake Weight = Amount Γ Lock Multiplier (1x to 3x)
Emission per Period = Fixed pool distributed per time interval (e.g., per week)
Pool size may be adjusted by governance over time
For example:
1,000 $SONX locked for 180 days (2Γ multiplier) = 2,000 weight
2,000 $SONX flexibly staked (1Γ multiplier) = 2,000 weight
User 1 and User 2 would split the rewards 50/50.
π§° Technical Overview
Chain
Soneium Mainnet
Contract Model
ERC-20 compliant staking vaults
Lock Options
30d / 90d / 180d / 365d (governance-adjustable)
Reward Distribution
Emission pool (protocol + treasury-funded)
Early Unstaking
Optional, with penalty or cooldown (configurable per vault)
Re-Staking
Users can compound rewards manually or via UI auto-stake option
Claim Frequency
Weekly or per-epoch (customizable via front-end and backend APIs)
Security
Upgradable contract, multisig-controlled admin, audited before launch
π Governance Utility
Stakers (especially long-term lockers) will receive governance privileges in future phases:
Submit or vote on improvement proposals (SIP: Sonarix Improvement Proposal)
Influence protocol parameters (e.g., interest rate curves, caps, emissions)
Vote on Insurance Fund allocation, asset listings, and cross-chain expansion
Note: Initially, governance will be off-chain or snapshot-based, but will transition to on-chain DAO voting in Phase 4.
π Future Utility
Planned benefits for stakers:
Whitelist Access to new features or markets
Testnet Incentives: Stake-to-earn testnet token allocation
Revenue Sharing from insurance auctions and liquidation fees
Boosted Lending APY when holding staked $SONX
Airdrops from ecosystem partnerships
π Summary
Flexible
4β8%
None
β Yes
1Γ
30 Day Lock
8β12%
30 days
β No
1.25Γ
90 Day Lock
12β18%
90 days
β No
1.5Γ
180 Day Lock
18β25%
180 days
β No
2Γ
365 Day Lock
25β35%
365 days
β No
3Γ
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