Staking and payouts

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Monthly distribution

1. Each month, the vault totals the net interest it actually received, after fees, servicing and the first-loss reserve.
2. That amount is divided pro rata across all shUSD outstanding.
3. Staked shUSD receives its share in cash, weighted by the time it was actually staked during the month. A minimum qualifying staking time applies. [TBD: publish exact rule]
4. The share belonging to unstaked shUSD (and non-qualifying time) stays in the vault and raises NAV.

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Credited balance

The cash yield is credited to the staker’s balance in the app. It does not expire and can be withdrawn at any time or left to accumulate.

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Auto-compound (planned)

Stakers are planned to be able to auto-compound: credited yield is used to mint and stake more shUSD. [TBD]

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Unstaking

[TBD: unstaking process and any cooldown]