Staked Phi Token
Staked Phi Token (stPHI)
The $stPHI token allows its holders to participate in the governance of Phi. Stakers are enabled to receive staking rewards and Points Boost in Phi Points activities.
Long-term holders of $PHI are able to gradually increase the multiplier of their staking rewards, subject to a maximum of 2x multiplier available to users with an average holding period of $stPHI of 1 year and more.
How Do I Get stPHI?
stPHI cannot be bought, it can only be obtained by converting PHI to stPHI (staking) or by receiving it from another wallet.
Holders of stPHI are able to convert it to PHI (unstaking) via the user interface. PHI tokens are transferable and are expected to be traded.
Where Can I See stPHI Rewards?
Staking rewards are regularly deployed into the staking contract (updated every 30 days). stPHI holders continuously accrue their Rewards balance every minute.
Claiming staking rewards will open together with the token listing, so that users are able to claim rewards on the day trading begins.
APR Calculation for Phi Staking
rewardRate
Defined for each epoch as:
rewardRate = amount / duration
amount: Total reward tokens allocated to the epoch.
duration: Length of the epoch in seconds (30 days by default).
periodFinish
The timestamp when the current epoch ends and the rewardRate resets to zero.
totalEffectiveSupply
The total number of staked tokens, including delegated and boosted amounts.
APR Formula
The APR calculation uses the rewardRate (tokens per second) and totalEffectiveSupply (tokens):
APR = (rewardRate × 31,536,000) / totalEffectiveSupply
31,536,000 represents the number of seconds in one year
If the current time is at or after periodFinish, then rewardRate = 0 and APR = 0.
This formula calculates the annualized percentage yield based on the current per-second reward rate and total staked supply, expressed as a fraction of supply per year.
How Does the Staking Multiplier Work?
The multiplier is based on how long you have staked $PHI tokens. It only updates when you interact with the contract, like staking more or claiming rewards. New deposits may slightly lower it, as they count as newly staked.
For more details, check the Staking Multiplier Page.
How Do I Withdraw/Unstake?
stPHI cannot be traded directly. To trade it, you have to unstake stPHI to PHI. This can be done on the stake page.
Open the stake page, and select the Unstake tab
Enter the desired unstaking amount and click the Unstake button
Select the Unstake tab in stake page
Confirm the unstaking transaction by signing it in your wallet
Confirm unstaking transaction in the wallet
After successfully initiating the unstaking, you will see the unstaked amount, along with the date and time when it will be available for collection
Unstaking initializes a 7-day cooldown, after which the user manually claims tokens. New unstaking during the cooldown resets the timer for the entire amount.
Unstaked tokens, along with the date and time they will be available to claim
Return after at least 7 days to claim your unstaked PHI tokens
Unstaking and Exit fees
Phi doesn't take any fees on unstaking.
Unstaking initializes a 7-day cooldown, after which the user manually claims tokens. New unstaking during the cooldown resets the timer for the entire amount.
Check Your Remaining Time to Unstake stPHI
Once you confirm the unstaking, you can check the remaining date to unstake your stPHI token at the bottom of the stake form.
After the cooldown ends, you will see a "Claim" button near the cooldown amount. Click on it to release unstaked PHI tokens to your wallet.
Unstaking initializes a 7-day cooldown, after which the user manually claims tokens. New unstaking during the cooldown resets the timer for the entire amount.
stPHI Transferability
The stPHI tokens can be transferred from one wallet to another.
How the stPHI transfer feature works:
A transfer from User 1 → User 2 is processed as if User 1 performs a staking withdrawal and User 2 performs a staking deposit.
As a result, the Average Holding Period in the Staking Multiplier is recalculated every time a transfer occurs.
The recipient's multiplier will be reset or reduced because of the Average Holding Period recalculation.
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