Warp Bonds
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Staking

All you have to do is hold.

Staking is the primary value accrual strategy of WARP.

Stakers vest their WARP at https://app.warp.bond to earn rebase rewards. The rebase rewards come from the proceeds from bond sales, and can vary based on the number of WARP staked in the protocol and the reward rate set by monetary policy (please see below the rebase functionality explanation).
->For help on staking WARP, please check our How to Stake WARP guide.

Staking is a passive, long-term strategy.

The increase in your stake of WARP translates into a constantly falling cost basis converging on zero. If the market price of WARP drops below your initial purchase price, the increase in your staked WARP balance should eventually outpace the fall in price, given a long enough staking period.

When you stake, you lock WARP and receive an equal amount of sWARP.

Your sWARP balance rebases up automatically at the end of every epoch. sWARP is transferable--and therefore composable--with other DeFi protocols.

When you unstake, you burn sWARP and receive an equal amount of WARP.

Unstaking means the user will forfeit the upcoming rebase reward. Note that the forfeited reward is only applicable to the unstaked amount; the remaining staked WARP (if any) will continue to receive rebase rewards.

Multiple staking pools via planets

We'll explain this in the planets part of our guide, but unlike other OHM forks, we will open up multiple staking pools, each with their own APY. During certain days some pools may have higher APY than others. That's just all part of the game!
Staking duration
There is no minimum staking duration. However all unstakes within a 3 hours window from the last stake event will incur a 2% penalty. The 2% penalty is being burned, thus act as a deflationary measure against the token inflation.

REBASE Functionality

Every 8 hours the rebase function distributes interest (sWARP tokens) to stakers.
Shortly put, when you stake you deposit WARP tokens to the staking contract and in exchange you receive sWARP tokens instead. This is how the staking functionality works.
Ex: I stake 100 WARP by depositing 100 WARP tokens to the staking contract and receive back 100 sWARP tokens in my wallet. (sWARP stands for Staked Warp)
When the rebase function runs all stakers wallets balances increase by the interest they’ve earned. Let’s assume the rebase function will offer you a 1% interest, this will mean that your wallet balance will increase from 100 sWARP to 101 sWARP.
Now, another important role the rebase function is accomplishing is to ensure that each liquid sWARP token is being backed by 1 WARP token in the staking contract as you need to be able to unstake and convert sWARP to WARP at a 1:1 ratio.
If you remember, we deposited only 100 WARP tokens when staking and now on our wallet we have 101 sWARP tokens. Since 1 sWARP is supposed to be exchanged by 1 WARP, this means that the staking contract WARP balance also has to increase by 1 more WARP. This is the second role the rebase function takes care of: after stakers receive their interest, thus after their 100 sWARP have been increased to 101 sWARP, the staking contract balance also is being increased to 101 WARP tokens as well.
How is the interest stakers receive being calculated?
The interest depends on several factors, but primarily:
Total WARP supply (how many WARP tokens exist. It doesn’t matter if they are staked or not).
Liquid sWARP supply (how much WARP is being staked, since interest is being distributed just to stakers)
Reward Rate (configured interest rate parameter)
Let’s assume we have 1000 WARP Total supply and our reward rate is 0.3% This will mean that once the rebase function runs, we will be distributing 1000 * 0.3% = 3 WARP tokens to stakers. Those 3 WARP tokens are being distributed among the liquid sWARP supply by increasing the stakers wallets sWARP balance by their corresponding ratio as well as increasing the staking contract WARP balance with these 3 WARP tokens. So, we are minting a total of 3 WARP tokens as well as 3 sWARP tokens to be distributed among stakers.
Another important factor in how much interest stakers receive are Bonds.
Selling bonds means the WARP total supply increases; the higher the supply gets, the higher that 0.3% reward rate is going to be.
Ex: if we sold 500 WARP through bonds, the total supply increased from 1000 to 1500 WARP, as such the interest stakers will now receive is 0.3% of 1500 instead of 1000, thus they will earn 5 WARP vs 3 WARP on our previous example.