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The following are some frequently asked questions.
stFLIP uses a continous rebase mechanism that allows holders to receive rewards every block.
Stakers receive their stFLIP immediately after their FLIP transaction has confirmed.
Both tokens are on ETH mainnet:
- FLIP: 0x826180541412D574cf1336d22c0C0a287822678A
- stFLIP: 0x961D4921e1718E633BAC8Ded88c4a1cAe44b785a
Since stFLIP is backed by staked assets, it can take a few hours to redeem. This means that the underlying is illiquid, which can cause a discount to the native price.
Sometimes stFLIP will be at a premium to native FLIP, this is because there may be lots of demand for stFLIP at that current moment.
In both cases, arbitrageurs will bring the price back to parity, and you are always able to redeem stFLIP to native FLIP 1:1 via unstaking.
There is no minimum. Users can stake any amount of FLIP into stFLIP.
Yes. You can transfer your stFLIP to any ERC-20 supported wallet. Please understand that we have zero capability to access your wallet, or any wallet you send funds to. We do not and cannot help you with an incorrect transfer nor any retrieval of funds.
Thunderhead charges a percentage of the protocol rewards (22%). The rest of the protocol rewards go directly to stFLIP stakers.
The protocol rewards generated from the underlying validators are subject to change, these go to stFLIP holders minus a fee.