OpenDAO

FAQ's

What is OpenDAO?

OpenDAO is the DAO for the NFT Community and SOS, which was airdropped to users on the OpenSea NFT Marketplace, is the token for this large NFT community. Used to pay tribute, protect, and promote NFT artists.

20% of SOS is allocated to the OpenDAO, it will:

• Compensate verified scam victims on OpenSea with SOS
• Support emerging artists and their original work
• Support NFT communities
• Support art preservation
• Developer grant for participating in SOS ecosystem

SOS is grateful to all NFT creators, collectors, and markets for nurturing the entire NFT ecosystem. Special thanks go to OpenSea for its leadership in promoting NFT trading. To pay tribute, the founders have chosen OpenSea collectors to conduct their airdrop.

How to Stake SOS?

SOS Staking is not currently available, however, the following allocation of SOS Tokens have been dedicated to Staking Incentives and LP Incentives:

• 20% Staking Incentive
• 10% LP incentives

Currently, the only option for staking SOS is to stake the SOS/WETH SLP on SushiSwap.

In order to do this, you must first acquire an equal value of both ETH and SOS tokens, along with some extra ETH to cover the costs of gas fees.

• Get SOS & ETH tokens
• Provide SOS & ETH tokens into SOS/ETH pool and get SLP token.
• Stake SLP token into SOS/ETH farm.
• Collect your rewards.

Since this is done on the Ethereum network please consider the high cost of gas fees and multiple transactions required to complete this staking process.

How much can I earn Staking SOS?

Based on the current 2X Reward Farm emission rate and current engaged balance, a user can expect to earn around an 800% APR.

Please check our SOS Advanced Calculator to estimate your staking rewards in real-time.

Any risks to Staking SOS?

There are smart contract risks associated with smart contract staking and impermanent loss risks associated with providing liquidity to LPs.