$SHARD Staking

Glass Finance will be powered and governed by stakers of the protocol's native governance token, Shard ($SHARD). $SHARD tokens can be deposited to create new governance polls, which can then by voted on by $SHARD stakers.

$SHARD staking will capture a portion of the revenue generated by the protocol, allowing the value of the token to grow linearly with the protocol's TVL. Staking rewards will be powered by a 10% levy on insurance premium. These rewards will be distributed to stakers pro-rata to their stake, with stakers being able to receive their rewards in autostaked $SHARD or in UST. The option to receive staking rewards in UST solves an economic problem that other protocols native to Terra have, which is that the staking rewards are reliant on the token's price action, rather than the protocol's revenues.

Last updated