FAQ
Q: What is stSOMI? A yield‑bearing ERC‑20 style token you get when you stake SOMI via Lair. Its value increases over time through auto‑compounding.
Q: Is my stSOMI balance increasing? No. The exchange rate increases instead (SOMI per stSOMI). Your stSOMI count stays the same, but it’s worth more SOMI.
Q: What’s the minimum stake? 0.1 SOMI.
Q: How fast is redeem (unstake)? Instant, subject to the 0.1% unstake fee.
Q: Why charge 0.1% on unstake? To prevent spam/infinite in‑out loops that could stress the system or game routing.
Q: Where does the 10% rewards fee go? Protocol operations, including audits and maintenance.
Q: Can validators partner with Lair? Yes. Whitelist applications are open.
Q: Where can I use stSOMI? DEX LP, lending markets, and other Somnia DeFi protocols. Listings will be announced on the dashboard/channels.
Q: How can I trust stSOMI? stSOMI contracts are fully audited by trusted audit partners. You can check all the audit reports here.
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