SCULPT Staking and Locking

What is Staking?

While earned SCULPT from platform use is automatically staked for 3 months, you can optionally purchase SCULPT tokens and stake them to earn additional percentages of the platform fees. SCULPT stakers earn protocol fees from borrowing activity in the Sculptor Finance protocol, equivalent to 60% of revenue earned.

What is Locking?

Locking means you take SCULPT tokens and lock them in the protocol earning both platform fees and early exit penalties for three months.

Any SCULPT that is not currently being vested (through borrowing/lending incentives) can be locked for 3 months. You cannot exit a lock before it expires.

Specifics

Borrowing/Lending:

• SCULPT rewards are vested for 3 months, but can be claimed anytime for a 50% penalty in the amount claimed.

• The penalty stays the same regardless of when you exit early.

• This penalty is distributed continuously to SCULPT Lockers.

Lockers:

• The locks are grouped by week. Locks between Thursday midnight UTC to Wednesday 23:59 UTC are the same week group, and release at the same time 3 months after.

• The locked SCULPT cannot be unlocked prior to 3 months.

• Exit penalties (SCULPT Tokens) from Locking SCULPT can be claimed at anytime with no penalty.