Community Farming Update — Plain Staking

Key Announcements

• Starting tomorrow, Stader’s plain staking pools will be set to auto-compounding Luna. All stablecoin rewards will be converted to Luna and restaked.
• We are launching Stader tokens via a top global platform in Jan ’22. Partnering with a key Terra protocol to give exclusive access to a portion of SD tokens to Stader stakers.
• Stader token vesting and withdrawal T&C will remain the same.

Details & Key changes

2% of SD tokens allocated to plain staking are exhausted. Stakers are able to farm SD tokens sooner than expected as Luna price has skyrocketed.

Starting tomorrow, Stader stakers will be able to maximize their Luna holdings while enjoying auto-compounding benefits. Continue to read for more details.

1. SD token launch

We are preparing to launch SD tokens via a top global launchpad in Jan ’22. To reward our stakers and early adopters, we are working with a key Terra protocol to give exclusive access to a portion of SD tokens during public sale.

2. Luna rewards auto-compounding

• Luna rewards accrued on your stake will be auto compounded by default.
• You will also have the option to set the percentage of rewards for auto-compounding strategy soon. Rest can be available for you to claim.

3. Stables conversion to Luna and auto-compounding

Currently the stablecoin rewards are significant % of the total staking rewards. Stader stakers can benefit from the additional Luna bought from stable rewards and auto-compounding on top of it.

4. Airdrops

There will be no change to airdrops. You will be able to claim airdrops as usual.

5. Details about withdrawal fee

• As mentioned in earlier communications, 1% withdrawal fee will be applicable until 2 months after the beginning of Community Farming. Hence, till January 20th 2022, the withdrawal fee will be in place.
• There will be no withdrawal fees after January 20th 2022.

6. Vesting Schedule

Vesting schedule of SD tokens will remain the same as communicated earlier.