🪺Nest
Welcome to The Nest - the core inflation mechanism of Snake Finance.
The Nest is the core inflation mechanism of Snake.Finance—where $SNAKE tokens are minted. By staking $gSNAKE, you can earn $SNAKE during expansion epochs and actively participate in the protocol’s growth.
The Nest functions as a locked single-staking platform, where $gSNAKE holders lock their tokens to receive a share of the protocol’s expansion rewards. This mechanism not only rewards stakers but also helps stabilize the ecosystem by controlling the supply of $SNAKE.
Nest Mechanics
Epoch Duration: 6 hours
Deposit/Withdrawal Lock: 4 epochs after staking or withdrawing $gSNAKE
Reward Claim Lock: 2 epochs after claiming rewards
Claiming Rewards: Locks your staked $gSNAKE for an additional 4 epochs, with the next $SNAKE rewards available 2 epochs later
Distribution of $SNAKE
83% of $SNAKE rewards are given to Nest $gSNAKE Stakers
10% goes to the Treasury
4% goes to the Team
3% goes to the Development Fund
Expansion Mechanism
Unlike other similar protocols, Snake.Finance’s expansion model is carefully calibrated to adapt to market conditions, ensuring sustainability and peg stability.
Maximum Boardroom Expansion: 0.85% of the circulating supply per epoch, compared to the typical 4.5% in other protocols.
This conservative approach protects the protocol from excessive inflation while maintaining long-term growth and stability.
Why Stake in the Nest?
Earn $SNAKE rewards during expansion epochs
Actively contribute to protocol stability and governance
Align with the protocol’s long-term vision
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