Pembrock Staking

Native staking rewards on PEM are composed of:

Transaction Fees: All fees are collected as profit and are distributed among PEM holders who have staked in our protocol. Farmers are charged 10% of their yield farming rewards. Lenders are charged 10% of their borrowing profit. Every time a position is liquidated, 5% of the position’s value is paid as a fee.

What is PEM?

PEM is the native token that helps PembRock Finance to function.

Token Utilities:

• Staking: Token holders can stake PEM tokens within the PembRock Finance ecosystem to earn rewards paid out in PEM. 100% of protocol profits are shared among stakers based on their voting power.

• Boosting: PEM tokens can be used as an additional bonus for those who provide funds to the liquidity pools on the platform.

Governance: Token holders can stake PEM tokens to receive vePEM in order to become part of PembRock’s DAO. Voting power is expressed in vePEM tokens that are available to you right after staking the original PEM. The more tokens you stake, the higher the voting power.

What are the tokenomics of PEM?

The supply of PLY is capped at 160 million.

Initial Distribution Breakdown 

• 40% (64,000,000) – DAO balance for future projects
• 5% (8,000,000) – IDO
• 15% (24,000,000) – Community Treasury
• 16.25% (26,000,000) – Long-term investors
• 12.5% (20,000,000) – pembRock Labs Incentives
• 7.5% (12,000,000) – LP incentivisation program
• 2.25% (3,600,000) – Early PEM contributors & NEAR Ecosystem
• 1.5% (2,400,000) – Initial LP on Ref.finance

To earn a yield on your PEM, you can either lend them out to custodial providers or via a DeFi lending platform, supply liquidity on PembRock Finance, or stake your tokens on the platform.

To stake PEM tokens, you should ensure you have PEM tokens in your Near Wallet and then follow the steps below.

Step 1: Go to the PembRock Staking Portal and click on “Connect Wallet”.

Step 2: Grant limited rights to the PembRock app inside the NEAR wallet.

Step 3: After that, you’ll be redirected back to the PembRock Staking Portal. Enter the amount you want to stake and the period (you may see the volume of voting power you get under the “End Date” drop-down menu).

Step 4: Press “Confirm”.

Once you have staked your PEM, there are things you need to consider going forward:

• At the protocol level, stakes are re-calculated on Thursdays, so if you make the lock on any other day, the final amount of vePEM you’ll receive may slightly differ from what’s displayed here.
• You can further increase the stake amount and prolong the stake period after staking.
• Rewards are auto-compounded so you don’t have to claim them manually and re-stake.
• As a staker, you can participate in the protocol’s governance by going to the Voting section. There, you’ll see two subsections — Lenders’ Rewards and Borrowers’ Rewards. Allocate your voting power among pools using the “Vote” column. The higher % you give, the bigger the reward it will earn.

Whilst we want to ensure staking is as safe and transparent as possible, there are still things to consider regarding whether a specific staking option is right for you.

• Slashing risk: There is no slashing risk involved when staking PEM tokens.
• Unbonding risk: You can unstake TRI tokens instantly without fees so there is no unbonding risk. But there’s a minimum lockup period of 1 weeks for your stake.
• Protocol security risks: There is an inherent risk that the protocol could contain unknown bugs. This not only applies to staking but your PEM investment in general.

Please note that this is not an exhaustive list of all the risks related to staking.