Staking

Distributor

The distributor contract receives minted WAGMI from the treasury in order to drip-feed rewards to stakers. The reward rate target as of time of writing is set to 5000, which translates to 0.5% of total supply, since the reward rate is defined in tens of thousands. Note that the reward rate determines the rebase rate and that the rebase rate determines the APY.

Staking

The staking contract works with the help of a staking helper contract.
When a user stakes on the Euphoria website, the staking helper contract calls "stake" and delivers sWAGMI to the user at a 1:1 exchange rate.
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