Staking RICH

RICH shares can be staked in The Yacht Club to earn CASH rewards each epoch when CASH is above peg.

Earning CASH above peg

If CASH remains above the peg of 1.01 PDAI during an epoch then new CASH will be minted to RICH stakers in The Yacht Club. The exact new supply minted during an epoch is based on the current circulating supply of CASH, see Supply & Epochs for expansion rates.

During contraction below peg

If CASH remains below the peg of 1.01 PDAI during an epoch then no new CASH will be minted to RICH stakers. When the TWAP is below 1.00 redemptions will open and you may redeem CASH for PDAI at a ratio of 1:1.

Exiting

RICH staked in The Yacht Club is locked for 4 epochs and claiming rewards is locked for 2. Any action of withdrawing, claiming or depositing will reset these lock timers. Your timers are shown on The Yacht Club page.

See RICH staking for more info.