$MORX
Staking & sMORX
Stake $MORX to lower your own premium, open vault capacity and stand the vault's night shift.
Status
Pre-launch — Moorix is not live yet. Parameters are illustrative and tunable at launch.
Staked $MORX is sMORX. It does four jobs.
1. Cheaper protection on your own positions
Staking lowers the risk premium on your own open positions. You can watch the saving tick down block by block.
2. Vault capacity
1 staked $MORX opens 10 USDG of mUSDG deposit capacity. As the vault grows, more $MORX is locked away. See Tranches.
3. Junior tranche
sMORX guards the vault's tail as the junior tranche and is paid a premium for that watch, while mUSDG is the senior tranche. See Tranches.
4. Half the buyback
Of the $MORX bought back each day with protocol fees, 50% is burned and 50% flows to stakers. The burn/staker split is set by governance.
Not yet specified
Lock-up periods, unstaking delays and how tail losses are allocated to sMORX are not published yet.