Rewards
Last updated
Last updated
Yield is distributed by block.
Yield can consist of USDT and DEIN.
USDT rewards come as an increase in saturation (increase in the DEINxCover token value).
USDT rewards can be claimed by exiting the position (exchanging the DEINxCover tokens for USDT)
DEIN rewards can be re-staked to or withdrawn instantly.
Premium distribution depends on whether the Policy Books is whitelisted:
Whitelisted: 20% - Underwriters; 80% - protocol
Non-whitelisted: 80% Underwriters; 20% - protocol
APY is displayed for each Policy Book on the platform. The APY is the annualized sum of the following two assets:
USDT stablecoin (from Premiums)
DEIN tokens (from the Reward Pool), if the policy books is whitelisted
Both the USDT stablecoin rewards and the DEIN tokens are calculated based on the perceived risk of the particular Policy Book, which is determined by the Utilization Ratio.
To withdraw your earned DEIN rewards, you can choose either of the following:
Re-stake your DEIN rewards to any of your existing positions in the Native DEIN Staking or create a new one.
Withdraw instantly.
Withdrawing USDT rewards happens as you withdraw your position (exchange DEINxCover for USDT)
Through staking the DEINxCover tokens received after you have provided Collateral in the DEINxCover Staking Contract. This action happens automatically when you underwrite a Policy Book.
Only whitelisted projects can benefit from staking DEINxCover to avoid the Protocol's economic exploits.
Yes! The Underwriter's Yield from the Premium paid in USDT is distributed by block, increasing the balance of USDT in the particular Policy Book (see )