Staking Rewards

Why we stake $MYO and how it works

For DAO members to participate and commit to specific projects, they will be required to stake $MYO into a project-specific staking portal, operated by Myosin DAO. As $MYO gains liquidity in the broader crypto ecosystem, we will lower the minimums on staking based on community votes.

DAO members also stake $MYO tokens for access to projects, but the staking rewards they receive depend on the priority of the project for the DAO.

• Project staking --> higher APRs to help prioritize client projects

• Product pools --> higher APRs to help prioritize product development

• NFT staking --> higher APRs to incentivize high utilization among DAO members

Upon verified completion of a project, a member's $MYO will be unstaked. In the case of an incomplete or canceled project due to client actions, Team members' staked $MYO will also be unstaked and returned.

Only in the case of individual Team members behaving as bad actors and deliberately sabotaging, neglecting, or abandoning their Project without any reasonable explanations will we not return staked $MYO.

To prioritize participation, align interests to complete projects and incentivize active participation by DAO members, we will activate a project-specific staking reward (APY), through a community discussion and proposal, to set the best interest rate.

At the present moment, staking rewards are inactive, but we look forward to activating staking rewards soon.