Unstaking Period & RageQuit

Explanation of Unstaking mechanics and RageQuit option

$YEET can be unstaked at any time to redeem principal position. However, a staker must first undergo a 10 day Unstaking Period to get back 100% of their staked $YEET.

The unstaker has the option to get back their $YEET before these 10 days have elapsed, however depending on if and when they do so, a variable fee is incurred on their principal.

Linearly decreasing unstaking fees

After activating unstaking, the stakers $YEET stops accruing $BERA revenue and begins the 10 day Unstaking Period.

• If staker does not wish to wait 10 days to get back their $YEET, they may RageQuit at any time

• Depending on when the RageQuit is activated, a variable fee is incurred

  • If activated on day 0, 50% of staked tokens are burned and remaining 50% are made liquid

  • If activated on day 3, 35% of staked tokens are burned and remaining 65% are made liquid

• This variable fee decreases linearly for 10 days, at which point it reaches 0%

  • Staked $YEET tokens may now be claimed without incurring any fees

Why does this Unstaking Period & RageQuit exist?

• Disincentivizes unstaking

• If mercenary stakeholders wish to unstake quickly and capture value from $YEET price appreciation, they create burning which benefits $YEET holders and stakers