Restaking sUSDf
Read about restaking in Falcon Finance: fixed-term periods to earn enhanced yields represented by ERC-721 NFTs of locked positions.
In exchange for boosted yield, Falcon allows users to restake their sUSDf holdings for a fixed-term tenure. This lock-up period can be selected by users from a range of available options, including a 3-month tenure, a 6-month tenure, and others, with longer periods providing higher yields. These fixed periods without redemption allows Falcon to optimize for time-sensitive yield strategies, generating higher yields for users. Upon restaking, the protocol mints and issues a unique ERC-721 non-fungible token (NFT) to users, representing their locked position.
ERC-721
ERC-721 is a standard non-fungible tokens (NFTs) on EVM-compatible blockchains. It provides a set of guidelines for creating unique digital assets that cannot be exchanged on a one-to-one basis due to their unique properties.
Falcon utilizes the ERC-721 NFT standard to record each user's unique restaked position, based on their staked sUSDf amount and selected fixed-term tenure. Viewable on Etherscan, each NFT will depict the details regarding users' unique locked positions.
| Term | Description |
|---|---|
| Principal | Principal refers to the initial amount of sUSDf restaked by the user. |
| Rewards | Rewards refer to the amount of sUSDf accumulated as boosted yield. |
| Start Time | Start Time refers to the Unix timestamp of the user's time of restaking. |
| Duration | Duration refers to the total lock period selected by the user in seconds. |
| Maturity | Maturity refers to the Unix timestamp of the end of the lock period. |
| Status | Status reflects the current state of the user's locked position |
At the end of their selected fixed-term tenures, users will be able to redeem their ERC-721 NFTs for their balance of sUSDf, which includes their initial restaked amount and any accrued boosted yield.
Refer to the Boosted Yield section for further details on the restaking process.