initialStake(amount, period, receiver)to stake USDC into Sherlock. The lockup
periodis in seconds but periods need to be whitelisted by governance. At the initial deployment it will be possible to stake for 3, 6 or 12 months.
periodthe position can be transferred using the ERC721 interface. But no Sherlock specific action can be executed during the lockup
ownerRestake(id, period)to restake all USDC for new
redeemNFT(id)to redeem all USDC and burn the NFT
arbRestake(id)to restake the position.
SHER rewards will be send to the owner on the first action after every lockup period
arbRestake(id), 20% of the underlying USDC amount (principal + yield) is at risk for the owner of the position. The reward rate moves from 0% of the underlying USDC amount to 20% over the course of 1 week.
All owed SHER rewards (from the previous lockup) are still transferred to the owner on