EMBD Incentive Token
Last updated
Last updated
EMBD
is the incentive token issued by the Embedr Protocol. It captures the fee revenue that is generated by the system - mainly borrowing and redemption fees.
EMBD
is earned only through providing rUSD
to the Stability Pool. The more rUSD
is provided, the more EMBD
is earned.
- Users can stake their EMBD
in the staking contract to earn a portion of the fees generated by the system.
- Users can unstake their EMBD
from the staking contract.
Staking EMBD is the process of depositing EMBD
into the staking contract. Once EMBD
is staked, the user will start earning a portion of the fees generated by the system.
Unstaking EMBD is the process of withdrawing EMBD
from the staking contract. Once EMBD
is unstaked, the user will stop earning a portion of the fees generated by the system.
rUSD
borrowing and redemption fees are distributed to EMBD
stakers. Users need to stake their EMBD
in the staking contract to earn a portion of the fees.
The amount of fees that is distributed to each staker is proportional to the amount of EMBD
that is staked.