🍃FAQs
What is Masternode?
Any node that has liquidity larger than 50,000 VIC will automatically become a Masternode
A Masternode is a server which uses its computing power to contribute to the network. Its job is to create and sign blocks. For this contribution to the network, Masternodes receive rewards in the form of VIC.
How long does it take to stake and unstake?
*Important: If you unstake from resigned or Master Node pool, your token won't be immediately available in your wallet after you unstake it. There's a waiting period (lock time) before you can withdraw them.
Here's what you need to do:
Wait for the lock time to end.
Go back to the Unstake section.
Manually withdraw your unstaked tokens to your wallet.
For non-Masternode
If you unstake from active pool
After unstaking, you can withdraw your token immediately without lock time.
If you unstake from inactive/ resigned pool
When you first try to withdraw (unstake) from a resigned pool , your staked VIC amount will be unlocked in two parts:
Part 1 (unlocked in 2 days): The portion equals to: (Total staked amount before resign - 50, 000 VIC) * your % share of the pool
Part 2 (unlocked in 30 days): The remaining amount of your staked VIC will be unlocked after 30 days.
For Masternode
If the unstaked amount does NOT reduce the pool's total value below 50,000 VIC, you will be able to withdraw your unstaked token after 2 days.
If the unstaked amount reduces the pool's liquidity below 50,000 VIC, you need to initiate a voting process to resign your stake from the pool. Once the voting period is over, you'll be able to claim your tokens after 30 days.
Are displayed protocol APRs always 100% accurate?
APR (Annual Percentage Return) is a dynamic parameter, it is continuously estimated and updated based on the staking pool condition. Usually, the more token staked, the less APR.
Hence, the APR you see is the most accurate estimate at the time you check. But keep in mind that this APR changes constantly.
What are the utilities of the SVIC?
The SVIC token is a liquid alternative for the staked VIC: it could be transferred, traded, or used in DeFi applications. Specifically:
Trade on DeFi applications: SVIC are liquid and can be freely transferred or traded on DeFi platforms within the Viction ecosystem. This allows you to participate in various DeFi activities.
Buy and sell other assets: SVIC can be used as a medium of exchange to buy and sell other digital assets within the Viction ecosystem. This provides greater flexibility in managing your portfolio.
Does deFusion charge for the service?
We charge nothing other than a gas fee (which will also be sponsored if you use Coin98 Wallet 😉)
What is the protocol conversion rate from VIC to SVIC?
The conversion rate between VIC and SVIC is 1:1.
The SVIC token is a tokenized version of staked VIC. When a user sends VIC into the deFusion liquid staking smart contract, the user receives the corresponding amount of SVIC tokens. The SVIC token represents deFusion user’s deposits and the corresponding staking rewards and slashing penalties. The SVIC token is a liquid alternative for the staked VIC: it could be transferred, traded, or used in DeFi applications.
What happens if I transfer my SVIC token?
You can trade or transfer your SVIC token to other wallet address.
But keep in mind, you can only unstake the VIC amount equivalent to your wallet's SVIC balance.
For example, you staked 1000 VIC, and received 1000 SVIC. You then transferred out 200 SVIC to another wallet. Now your wallet is left with 800 SVIC, hence you only able to unstake 800 VIC. The rest (200 VIC), stay in the stake. You can deposit 200 SVIC to your wallet to unstake this leftover VIC amount.
How do I receive staking rewards?
Your staking rewards are distributed every approximately 900 blocks (epoch). This rewards is not compounded.
You can harvest your rewards in tab Claim
Are the unvoted tokens transferred to my wallet automatically?
Unvoted tokens won't be transferred to your wallet automatically. You will need to claim it.
More information in: How long does it take to stake and unstake
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