Staking Points

Holders of eMetis and seMetis will accumulate staking points over time, with the protocol awarding 100% of these points to the holders from day one. The distribution of points will reflect in the stakers' portfolios, showcasing their allocation.

Please be aware that our staking journey is divided into two phases: pre-staking and official staking. During the pre-staking phase, you'll earn staking points at DOUBLE the rate compared to the official staking phase!

And users can only stake Metis to mint eMetis during the pre-staking phase.

Display of Staking Points

Staking points are visible on the ENKI Dapp upon connecting your wallet, updating in real-time to reflect accruals.

Utilization of Staking Points

These points play a crucial role in determining your share of the ENKI token allocation for the Metis Staking Airdrop during Fantasy Phase 2. Additionally, they may serve future purposes, including incentives and participation in decentralized governance.

Earning Staking Points

The primary method to earn points is by staking Metis to mint eMetis or staking eMetis into seMetis. Further opportunities will arise through participation in DeFi protocols integrated with ENKI, enhancing point earnings for liquidity provision. Continuous earning of Staking Points requires maintaining eMetis or seMetis in your wallet or following designated ecosystem pathways as outlined on our official ecosystem page.

Staking Points Formula

Staking 0.01 Metis for eMetis results in earning 1 point per day(2 point for pre-staking stage), with the formula being: Points Earned = Metis Staked * 100 * Days Staked. For example, staking 5 Metis for 6 days yields 3,000 staking points. There's a maximum cap on staking points set at 10¹² for larger stakeholders.

Retention and Transferability of Staking Points

Staking points are non-transferable and will not be lost as long as you hold eMetis or seMetis. However, points will cease to accrue if these assets are no longer in your wallet. Additional DeFi protocol engagement will also generate points. Stay updated with our Telegram for more information on how eMetis/seMetis integrates across DeFi.