Stake your $DYSN for $sDYSN
Executing a Stake
Staking $DYSN for $sDYSN offers multiple advantages to holders. By holding $sDYSN, users acquire voting power. Simultaneously, they can deposit their $sDYSN into the Gauge contract to enhance a specific pool's reward generation speed. Explore the Staking & Voting section in our white paper for further insights.
Two main methods initiate staking: direct interaction with the sDYSON contract or utilizing the Router contract. However, as the Router interaction is equivalent to the sDYSON contract, staking through Router is unnecessary unless you have a specific goal of consolidating multiple interactions into a single transaction. Here, we'll only introduce the staking method within sDYSON.
Stake DYSON within sDYSON Contract
You have the ability to stake $DYSN tokens on behalf of another address, generating sDYSON tokens in the process. This function encompasses the following steps:
Calculate the staking rate based on the lock duration.
Establish a vault to document the staked $DYSN amount, minted $sDYSN amount, and the unlock time.
Allocate the corresponding voting power to the
to
address. The received voting power is equivalent to their $sDYSN amount.
Parameters:
to
: Address that owns the new vault.amount
: Amount of DYSON to stake.lockDuration
: Duration to lock DYSON.
Return Value:
sDysonAmount
: Amount of sDYSON minted to the new vault.
Set Up your Contract
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