@ridgwc08@downto_finance No you will just be auto staked into the protocol and earn a % of fees from it and can unstake whenever to get your dtf back plus water you earned in fees
@ridgwc08@downto_finance It’s paired 1:1 $dtf is the only token you can stake and earn a % of fees from protocol when staking you stake dtf and receive sdtf that sits in the protocol. When you unstake it becomes dtf. It’s all about $dtf crazy sell off
wish i had capital to buy more $DTF
$DTF is still the main token, it will be used to mint the rebasing token for the underlying protocol.
From what i know, this is standard behavior for staking and it will be paired 1:1
I apologize for how long the final testing has taken. Now that the work is complete I can define a roadmap.
First, as an apology, there will be a temporary staking rewards program starting tomorrow, Sept 4, and running until Sept 7.
6M $DTF will be available as rewards for staking $DTF for that time with no lock. Users may claim their rewards and withdraw their principle during that time, if they wish.
On Sept 7, any tokens still staked and unclaimed will be migrated to the protocol DETF rebasing token on or after 00:00 UTC.
This way, everyone can be rewarded for their patience, and give equal entry into the protocol DETF to accrue fees automatically. No need to worry, or stay up long hours to catch the launch.
For those that do not want to stake, or would rather play the market, you will be free to claim your staking rewards and withdraw your principle until the migration.
DETFs use deposits to buy into liquidity. So this migration could result in a drastic price drop depending on how much $DTF is staked and used as the deposit to mint the rebasing token of the Protocol DETF. Manage your positions as you see fit with this notice of protocol activity.
$dtf at 4m is so free. @cyotee interview yesterday was great. Website should be going live today or tomorrow and he said once live he will be a lot more active on the @downto_finance account. If you aren’t loading your bags here I can’t help you