Staked KONA (sKONA)

Users may lock their KONA tokens for Staked Kona at a ratio of 1:1. sKONA earns perpetual rewards in the form of stablecoins from protocol fees highlighted in FROTH + FVIX + KONA.

Rewards for sKONA are randomly distributed to the reward pool at various distribution 'stream' lengths. This allows for a healthy, stable approach for APR for sKONA.

sKONA is a transferrable, fungible token that exists on the Abstract blockchain. Users who hole the sKONA are able to claim their per-block share of the rewards at any time without any cooldown. Rewards do not transfer if a user moves sKONA from wallet to wallet, and rewards WILL accrue to contracts so we do not recommend LPing or equivalent.

sKONA contract: