FAQ
What is Sibe token?
Sibe token is a fungible token on Solana blockchain. Its price is equal to the total amount of tokens staked divided by tokens minted.
What is liquid staking?
Unlike traditional staking, liquid staking allows users to stake any amount of SOL and eliminates the need to wait for 1-3 days which makes the process of unstaking more effective.
Are staking rewards staked automatically?
Staking rewards are compounded automatically into the staked SOL.
What fees does Sibe protocol charge?
| Deposit fee | 0% |
| Limit order | 0% |
| LMarket order | 0,3 — 3% |
| Commission | 2% on rewards (~0,14 on staked SOL) |
Market order
You unstake your liquidity at the moment, and pay a fee(0,3-3%).
market_fee = max_fee - (max_fee - min_fee) * amount_after / target
Limit order
You generate an NFT order, that gives later your stake fees.
Sibe protocol has an ongoing management fee of (~0.14% p.a.) to support further product development. It is automatically taken from your staking rewards and represents 2% of your rewards. This is the only mandatory fee when using Sibe.