2) You will see the "TONIC Staking" module in the column on the left
3) Input the amount of TONIC you would like to stake and click "Stake"
4) Once you're happy with the amount to be staked, submit the transaction by clicking "Stake"
5) You will then need to confirm this in your wallet
6b) If not, you can close the Success message. Now you should be able to see the amount of TONIC you've staked in the bottom section of the TONIC Staking panel
A: The protocol will direct 50% of all protocol revenue (from liquidation fees and loan repayment fees) into the staking module contract, which will be converted programmatically by smart contracts into TONIC via other decentralized exchanges, such as VVS Finance.
This is great news for you as a holder of TONIC tokens because this exerts buying pressure on TONIC markets. As more people borrow and repay their loans on Tectonic, the staking module will buy more TONIC off the market, resulting in a lower market supply.
Since the exchange rate between xTONIC and TONIC is determined by the quantity of xTONIC minted relative to the amount of TONIC, the xTONIC : TONIC exchange rate will only increase over time.
A: You can request to unstake your TONIC any time, however there is a cooldown period of 10 days. After the cooldown period expires, you will be able to withdraw your TONIC.
The amount of TONIC you will withdraw is fixed at the time when you requested the withdrawal.