EMBD Incentive Token
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.
Core Functionality
Staking EMBD - Users can stake their
EMBD
in the staking contract to earn a portion of the fees generated by the system.Unstaking EMBD - Users can unstake their
EMBD
from the staking contract.
Staking EMBD
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
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.
What is the total supply of EMBD?
EMBD token will not be deployed at launch and token details are TBD. Tune in to learn more about our tokenomics and learn about it's distribution, emission, vesting schedule etc.
How to earn a portion of the generated fees?
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.
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