# Operations Policy

### Basics

* **Service name:** Lair (stSOMI)
* **Network:** Somnia
* **Token:** stSOMI (yield‑bearing ERC‑20 style)
* **Initial exchange rate:** 1 SOMI per 1 stSOMI (increases with compounding)

### Stake/Unstake policy

* **Stake min:** 0.1 SOMI
* **Stake max:** None
* **Unstake min/max:** None
* **Processing:** Instant mint & redeem
* **Payout on redeem:** Principal + accrued via exchange rate − **0.1%** fee

### Rewards policy

* **Claim:** Regularly (at least daily or on user actions)
* **Fee:** 10% of claimed rewards
* **Compound:** 90% re‑staked
* **Rate update:** Exchange rate increases after compounding

### APY display

* Based on **daily exchange‑rate deltas**; compounded to annual percentage yield (see APY page).