Locus vault tokens staking (stVault)

An overview of Locus vaults staking.

At the moment vault staking is available only for xUSD. More vaults soon.

What is vault staking?

In simple words, it's earning extra income from Locus vaults. To earn extra income you will need to convert your vault tokens, i.e. xETH, xUSD, xARB, etc, to the staking version of the token, i.e. stxETH, stxUSD, etc.

Vault token staking will earn additional yield in Locus token on top of vault yields. The yield on the staking vault will be approximately 20% APY at launch in March '24 and will gradually reduce over 10 years to approximately 6% APY.

What is a stVault token?

As previously mentioned for staking, vault tokens need to be converted to the staking version of the vault token.

Staking tokens have the prefix "st" to the vault token name, all vault staking tokens will be referred to by the common name stVault. stVault not a real existing token, but a common name for the stxETH, stxUSD, etc.

What is vault staking APY?

Vault staking APY depends on the total amount of staking vault tokens as an emission variable and LOCUS price. APY number calculated by weekly rewards claim and restake. Staking rewards accrued in LOCUS tokens

You can see the staking APY value on a dashboard card as a main number on the vault page with the turned-on "Staking" option

How do I get a stVault token?

stVault cannot be bought or sold, it can only be obtained by converting the vault token [ex. xUSD to stxUSD] on the vault or staking page. Also, to then sell the token, it will need to be converted from stVault to regular vault token first. These processes are called staking and unstaking.

Thus, to get stxUSD you need to stake the xUSD token. Buy xUSD, then

  1. Or, click on a "Stake" button on a vault page

  2. Or, go to the staking locus page, click "Open" in an xUSD staking row, and select the "Stake" tab.

Where can I see stVault rewards?

Staking rewards will be automatically added to your "Earned" balance daily.

Staking rewards are shown in USD equivalent, however, take note that rewards accrued in stLOCUS tokens.

How do I withdraw/unstake?

stVault cannot be traded directly, to trade it you have to unstake stxUSD to xUSD, this can be done

  1. Or, on the staking page.

  1. Or, go to the staking locus page, click "Open" in an xUSD staking row, and select the "Unstake" tab.

Unstaking

In the unstaking window, you will see 2 fields - the amount of vault tokens you are going to unstake, and the amount of tokens you receive.

Vault tokens unstaking happen instantly without any fees except gas

Claim rewards and claim fees

In the claim rewards tab, you will see 2 fields - the claim rewards period, and the number of LOCUS tokens you receive. Claim works the whole amount at once

The amount of tokens received after claim rewards depends on the selected period:

  • 30 days - no claim fee

  • in 14 days - 25% claim fee

  • in 7 days - 37.5% claim fee

  • Instant claim - 50% claim fee

If claiming is confirmed, tokens will be locked for the selected period ceasing to yield any return. Claiming rewards cannot be canceled after confirmation.

The deducted claim fee is burned from the circulation supply and serves as the price balancing mechanism protecting long-term holders' intentions from the aggressive volatility of those who want to extract profit.

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