Rules for Staking and Unstaking of Closed-End Fund

Staking & Unstaking (USDT Pool Trading Module)

Staking

At the initial stage, the amount of money to be raised and lock-up period will be determined. LP tokens can be purchased with USDT. 1 USDT is equivalent to 1 LP token.

The average lock-up period is 30 days. The user can apply to withdraw fund capital. The closed-end fund will then lock in its application share, and released after 2 days (T+2).

If the net value of the fund pool is less than the initial amount, users can subscribe.

Unstaking

Upon successful subscription, the funds will be locked for one month and can be unstaked and redeemed at any time thereafter. At the end of the lock-up period, profits from the fund pool gains and transaction fees will be shared. The exact profit distribution will vary on the actual proportion of amount staked by the user.

Redemption Fees

The redemption fees required for the capital pool will vary depending on the number of LP tokens you want to sell. On the DeriW Earn Dashboard, click Liquidity Pool, enter the number of LP tokens you want to redeem, and you will see the corresponding fees

How to Stake/Unstake

To Stake/Unstake, visit the DeriW Earn Dashboard and connect your wallet. Refer to Deriw Testnet FAQfor assistance on connecting your wallet successfully.

Once you have purchased DLP Tokens, you can input the amount you wish to stake and click [Confirm]. You will start to earn staking rewards after staking. Check your rewards earned on the DeriW Earn Dashboard.