DCNTRL Network Docs
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πŸ‡ΊπŸ‡Έ EN
  • πŸ‘‹Welcome to DCNTRL - The future of Stablecoins
    • Introduction to DCNTRL Protocol
  • DCNTRL Features
    • πŸ’²USDEFI Stablecoin
      • πŸ’°Minting / Redeeming USDEFI
      • πŸ“ˆMaintaining the $USD Peg
      • πŸ’ΈEarning in USDEFI Stability Pool
    • πŸ’ŽDCNX Tokens
      • 🎁Earning DCNX
      • πŸ“ŠDCNX Tokenomics
      • 🏦Earn Protocol Revenue
      • πŸ’³How to Buy DCNX
    • πŸ›‘οΈEcosystem Stability
      • 🌊Liquidations
      • 🌑️Recovery Mode
  • User Guides
    • ⚑Getting Started with DCNTRL Protocol
      • 1️⃣Connecting Your Wallet
      • 2️⃣Getting BNB
    • 3️⃣Your Dashboard
    • 4️⃣Borrowing (Minting) USDEFI
      • βš™οΈManaging your USDEFI Position
    • 5️⃣Start Earning with USDEFI
      • How to Stake USDEFI
      • How to Unstake From Stability Pool
    • 6️⃣Redeem USDEFI - Get BNB
    • 7️⃣Liquidating Bad Debt
      • β†ͺ️How to Manually Liquidate Bad Debt
    • πŸ†How to stake DCNX to earn Protocol Revenue
  • Useful Docs
    • πŸ“ƒSmart Contract Audits
    • πŸ“ˆDCNTRL Protocol Fees
    • Terms of Service
      • πŸ”’Privacy Policy
      • πŸͺCookie Policy
    • 🎨Brand Assets
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On this page
  • How to Stake USDEFI in the Stability Pool
  • How to Claim Rewards
  • How to Unstake?
  • Can I lose money by depositing funds to the Stability Pool?
  • What happens if the Stability Pool is empty when liquidations occur?
  1. User Guides
  2. Start Earning with USDEFI

How to Stake USDEFI

PreviousStart Earning with USDEFINextHow to Unstake From Stability Pool

Last updated 1 year ago

How to Stake USDEFI in the Stability Pool

Staking USDEFI in the Stability Pool is a simple process.

Here's how you can do it:

  1. Navigate to the DCNTRL Protocol dashboard.

  1. In the 'Stability Pool' section, enter the amount of USDEFI you wish to stake. Click on the 'Confirm' button. This will initiate a transaction request.

  1. Confirm the transaction in your wallet. Once the transaction is confirmed, your USDEFI will be staked in the Stability Pool.

Once you've staked your USDEFI, you'll start earning Liquidation Fees in BNB and bonus DCNX rewards. These rewards are automatically accumulated and can be claimed at any time.


How to Claim Rewards

To claim your DCNX rewards, follow these steps:

  1. Navigate to the DCNTRL Protocol dashboard. In the 'Stability Pool' section, you'll see the amount of DCNX you've earned and any protocol Liquidation Fees Obtained in BNB.

  1. Click on the 'Claim BNB & DCNX' button. This will initiate a transaction request.

  1. Confirm the transaction in your wallet. Once the transaction is confirmed, your DCNX rewards and BNB liquidation profits will be added to your wallet.


How to Unstake?


Can I lose money by depositing funds to the Stability Pool?

While the majority of liquidations will take place at a collateral ratio well above 100%, there is a theoretical chance of a loan position being liquidated below 100% due to a flash crash or an oracle failure. In such situations, you might incur a loss as the gain from collateral could be less than the reduction in your deposit.

If USDEFI is trading over $1, liquidations might become unprofitable for Stability Providers even at collateral ratios over 100%. However, this is a hypothetical, impermanent loss, as USDEFI is expected to return to the peg, so the "loss" only materializes if you withdrew your deposit and sold the USDEFI at a price over $1.

What happens if the Stability Pool is empty when liquidations occur?

If the Stability Pool is depleted, the system activates a secondary liquidation mechanism known as redistribution. In such a case, the system redistributes the debt and collateral from liquidated loan positions among all other existing loan positions. This redistribution of debt and collateral is performed proportionally to the recipient loan position's collateral quantity.

You will NEED USDEFI, if you don't know how to mint it

5️⃣
read the user guide here!
How to Unstake From Stability Pool