# Introduction ### Overview [SwanFi](https://swanfi.xyz) is a next-generation staking platform designed to empower Swan Chain’s mission of building the largest DePIN (Decentralized Physical Infrastructure Network) liquidity and service aggregator. It redefines compute resources as liquid assets, energizing the DePIN ecosystem and elevating the quality of decentralized services across multiple verticals. *** ### Vision SwanFi envisions a robust, decentralized ecosystem where compute resources are seamlessly tokenized and monetized, driving liquidity and operational efficiency for DePIN projects worldwide. *** ### Key Innovations #### Tokenized Compute Services SwanFi introduces a novel mechanism enabling users to: * Stake Swan tokens and receive **fSwan**, a tokenized representation of their stake. * Earn rewards shared by computing providers (CPs), incentivizing ecosystem participation. **Workflow:** 1. Users deposit Swan tokens into SwanFi’s secure smart contracts. 2. fSwan tokens are minted and distributed to user wallets as proof of their stake. 3. Computing providers contribute computational resources to Swan Chain and earn mining rewards. 4. fSwan holders accumulate rewards, which can be claimed during the unstaking process. #### DePIN Liquidity Aggregation SwanFi consolidates liquidity from compute resources like GPUs, CPUs, and storage. These resources are tokenized, providing a reliable liquidity backbone for DePIN projects. **Core Benefits:** * Monetization of idle or underutilized compute resources. * Increased liquidity across the ecosystem, enhancing scalability and adoption. * Improved efficiency in deploying and managing decentralized services. *** ### Ecosystem Benefits #### For Users: * **Passive Income**: Rewards from CP mining revenues. * **Liquidity**: Tokenized staking with tradable fSwan tokens. * **Incentivized Holding**: Continuous reward accrual encourages long-term staking. #### For Computing Providers: * **Revenue Monetization**: Turn excess computing power into revenue streams. * **Participation Incentives**: Gain incentives for supporting DePIN projects. * **Sustainable Operations**: Stable, predictable revenue through SwanFi’s integrated system. #### For the Ecosystem: * **Enhanced Services**: Improved quality and availability of decentralized services. * **Broader Adoption**: Incentives encourage participation and growth. * **Sustainability**: Alignment of stakeholder interests fosters a thriving ecosystem. *** ### Future Roadmap 1. **DeFi Integration**: * Enable fSwan to serve as collateral on decentralized finance platforms. * Open new liquidity pathways for stakers. 2. **Dynamic Reward Tiers**: * Introduce tiered incentives to reward long-term and active stakers. 3. **Cross-Platform Compatibility**: * Expand fSwan functionality to interact with other Web3 ecosystems. 4. **Governance Model**: * Empower fSwan holders with voting rights to influence platform upgrades and policies. *** ### Conclusion SwanFi is at the forefront of transforming compute resources into liquid, monetizable assets, driving the next wave of decentralized service innovation. By combining tokenized compute services with robust staking mechanisms, SwanFi bridges the gap between infrastructure and liquidity, catalyzing the growth of the DePIN ecosystem. *** **Join SwanFi today and be part of the future of decentralized infrastructure!** # SwanFi OP Reward Pool ### Overview The SwanFi OP Reward Pool is a dedicated program to reward Swan token holders with OP tokens. This initiative aligns with Swan Chain’s mission to incentivize participation and expand the DePIN (Decentralized Physical Infrastructure Network) ecosystem. By staking Swan tokens, users earn OP rewards based on dynamic factors such as Total Value Locked (TVL), baseline targets, and performance boosts. *** ### Key Features #### 1. Staking for OP Rewards * Users stake Swan tokens on SwanFi and receive **OP tokens** as rewards. * Rewards are distributed daily and dynamically adjusted based on staking metrics. #### 2. Dynamic Reward Adjustments * The reward pool is influenced by: * Baseline TVL growth. * Boost multipliers for high performance. * Penalty multipliers for underperformance. #### 3. Daily Reward Cap * Maximum daily distribution of OP tokens is capped at **625 OP tokens** to ensure sustainability. *** ### How It Works #### Staking Process 1. **Deposit Swan Tokens**: * Users lock Swan tokens in a secure smart contract. * Staking activates the accumulation of OP rewards. 2. **Daily Reward Distribution**: * Rewards are calculated and distributed to stakers based on their proportional stake and the day’s reward pool. 3. **Unstaking**: * Users can withdraw their Swan tokens and accumulated OP rewards after the staking period. #### Reward Calculation **Baseline TVL Growth** The baseline TVL increases linearly from **20M Swan** to **100M Swan** over 240 days: $$ TVL\_{ ext{baseline, daily}} = 20M + \left( \frac{100M - 20M}{240} \right) \times \text{Day} $$ **Reward Adjustments** 1. **Daily TVL Below Baseline**: * A penalty multiplier $$P\_m$$ applies, calculated as: $$P\_m = 1.0 - \left( \frac{TVL\_{ ext{baseline}} - TVL\_{ ext{daily}}}{TVL\_{ ext{baseline}}} \times 0.9 \right)$$ * Ensures rewards reduce proportionally to TVL deficits, with a minimum multiplier of **0.1**. 2. **Daily TVL Above Baseline**: * A boost multiplier $$B\_m = 1.2$$ applies, enhancing rewards for exceeding baseline targets. 3. **Cap Enforcement**: * The total reward pool is capped at **625 OP tokens** daily: $$R\_{ ext{final}} = \min\left(R\_{ ext{adjusted}}, 625 ext{ OP tokens}\right)$$ **Individual User Rewards** Each staker’s reward is proportional to their stake: $$ P\_{i, ext{daily}} = \frac{S\_{i, ext{daily}}}{TVL\_{ ext{daily}}} \times R\_{ ext{final}} $$ *** ### Example Scenario ### Key Parameters 1. **Daily Base Reward**: 416.67 OP tokens. 2. **Daily Cap**: 625 OP tokens (maximum reward pool distributed daily). 3. **Baseline TVL Growth**: Linear increase from 20M Swan to 100M Swan over 240 days. 4. **Boost Multiplier**: 1.2 (reward boost for TVL above the baseline). 5. **Penalty Multiplier**: Linear adjustment from 1.0 to 0.1 based on TVL deficit. 6. **Daily TVL**: 50M Swan (below baseline). 7. **User Stake**: 5M Swan. #### Calculations 1. **Penalty Multiplier**: $$P\_m = 1.0 - \left( \frac{60M - 50M}{60M} \times 0.9 \right) = 0.85$$ 2. **Adjusted Reward Pool**: $$R\_{ ext{adjusted}} = 416.67 \times 0.85 =354.1695\text{ OP tokens}$$ 3. **User Reward**: $$P\_{i, ext{daily}} = \frac{5M}{50M} \times 354.1695 = 35.41695 \text{ OP tokens}$$ *** ### Sustainability Mechanisms #### 1. Daily Reward Cap * Prevents excessive distribution of OP tokens. * Ensures the reward pool remains balanced over the program duration. #### 2. Dynamic Multipliers * Align rewards with TVL performance to encourage ecosystem growth. * Penalizes underperformance while rewarding high participation. #### 3. Locked Staking * Encourages long-term commitment to the platform, ensuring stability. *** ### Future Enhancements 1. **Tiered Reward Structures**: * Introduce dynamic reward tiers to incentivize long-term stakers. 2. **Real-Time Dashboards**: * Provide live tracking of user rewards, staking metrics, and performance benchmarks. 3. **Cross-Platform Integration**: * Expand the OP reward pool model to other DePIN-compatible platforms. *** ### Conclusion The SwanFi OP Reward Pool offers a sustainable and rewarding mechanism for Swan token holders, driving liquidity and adoption within the DePIN ecosystem. By aligning incentives with performance metrics and ensuring reward stability, SwanFi positions itself as a leader in decentralized infrastructure monetization. *** **Stake your Swan tokens today and start earning OP rewards!** # Swan Staking Pool ### Overview The Swan Staking Pool allows users to stake Swan tokens and earn rewards by sharing in the revenue generated by Swan computing operators. Inspired by the Lido model, this staking pool provides liquidity through tokenized staking with **fSwan** tokens, enabling users to trade or hold their stake flexibly. *** ### Key Features #### 1. Tokenized Staking with fSwan * Users stake Swan tokens and receive **fSwan** tokens as proof of their stake. * fSwan tokens can be traded on decentralized exchanges (DEX) or centralized exchanges (CEX). * Provides liquidity and flexibility for stakers while keeping their stake active in the pool. #### 2. Revenue Sharing * Swan Staking Pool shares revenue from Swan computing operators. * Rewards are distributed proportionally to fSwan holders based on their stake. * **No deductions from the staked amount**; only a portion of the rewards is taken as fees. #### 3. Withdrawal Process * Unstaking Swan tokens requires a **7-day withdrawal period** to ensure system stability. * During this period, users do not earn additional rewards on the withdrawn stake. #### 4. Platform Fees * **10% fee** is applied to staking rewards only. * The fee is **NOT** deducted from the user’s initial staked amount, ensuring the principal remains intact. *** ### How It Works #### Staking Process 1. Users deposit Swan tokens into the SwanFi Staking Pool. 2. The platform mints **fSwan tokens**, which are sent to the user’s wallet as proof of their stake. 3. Computing operators generate revenue by utilizing the staked resources. 4. Rewards are distributed daily to fSwan holders. #### Unstaking Process 1. Users initiate a withdrawal request by burning their **fSwan tokens**. 2. A 7-day cooldown period begins, after which the staked Swan tokens and accrued rewards are returned to the user’s wallet. 3. During the cooldown, the stake is locked and does not earn rewards. *** ### Example Scenario #### Parameters * User stakes **1,000 Swan tokens**. * Total staked in the pool: **10,000,000 Swan tokens**. * Daily revenue generated by computing operators: **1,000 Swan tokens**. * Platform fee: **10% of rewards**. #### Reward Calculation 1. **User’s Share of Rewards**: $$P\_{\text{user, daily}} = \frac{1,000}{10,000,000} \times 1,000 = 0.1 \text{ Swan tokens}$$ 2. **Platform Fee**: $$F\_{\text{platform}} = 0.1 \times 10% = 0.01 \text{ Swan tokens}$$ 3. **User’s Net Rewards**: $$R\_{\text{user, net}} = 0.1 - 0.01 = 0.09 \text{ Swan tokens}$$ *** ### Benefits #### For Users: * Earn passive income through shared revenue from computing operators. * Liquidity and flexibility with tradable **fSwan tokens**. * Principal remains intact; only rewards are subject to fees. #### For Computing Operators: * Gain access to additional capital through the staking pool. * Share revenue with stakers to incentivize ecosystem participation. * Sustainable growth through a robust staking mechanism. #### For the Ecosystem: * Increased liquidity and activity in the Swan token economy. * Enhanced adoption of decentralized computing infrastructure. * Alignment of incentives across stakeholders. *** ### Sustainability Mechanisms 1. **Staking Fees**: * The 10% fee on rewards ensures the platform’s sustainability without impacting the user’s principal stake. 2. **Withdrawal Cooldown**: * The 7-day withdrawal period protects the system from liquidity shocks and ensures stability. 3. **Revenue Alignment**: * Computing operators share revenue proportionally, fostering alignment with stakers and the broader ecosystem. *** ### Future Enhancements 1. **Cross-Chain Staking**: * Enable staking across multiple blockchain networks for diversified rewards. 2. **Dynamic Fees**: * Introduce adjustable fees based on platform performance and user activity. 3. **Governance Integration**: * Allow fSwan holders to participate in governance decisions, including platform upgrades and fee adjustments. 4. **Real-Time Reward Tracking**: * Implement dashboards for users to monitor their staking rewards and system performance. *** # Security # Audit Reports {% file src="/files/i7j4YlGy0obQpM36G0Jz" %} Swan Chain Staking Audit Report V2 {% endfile %} # How to Stake SWAN on SwanFi Prerequisite: Ensure you have enough gas for staking, to get gas from other chains, use this app: **Step 1: Connect Your Wallet** * Visit the[ SwanFi website](https://swanfi.xyz) and click "Connect Wallet." When prompted, choose the wallet you'd like to connect.
* In this tutorial, we will use MetaMask as an example. Once your MetaMask wallet is connected, you will be able to see your SWAN balance.
* Make sure you have switched to the SWAN mainnet and imported the SWAN token into your wallet. * For detailed instructions on setting up your wallet, refer to this guide:[ Wallet Setup Guide](https://docs.swanchain.io/network-reference/readme/set-up-your-wallet). **Step 2: Stake Your SWAN** * Enter the amount of SWAN you wish to stake. When ready, click "Stake."
**Step 3: Confirm the Transaction** * Confirm the transaction in your MetaMask wallet. Once confirmed, the transaction will be processed.
**Step 4: View Your Staked Amount** * After the transaction is confirmed, you will see your updated wallet balance and staked amount (in fSWAN). The amount of SWAN you staked will be visible as fSWAN in your MetaMask wallet. * To view your fSWAN balance, ensure you have imported the fSWAN token into your wallet. Here is the fSWAN contract address: ``` 0x0BdB34138983B95D9174Cd57EFd20e8fC4050165 ```
# How to Unstake SWAN on SwanFi If you need to withdraw your SWAN, don't worry—SwanFi's staking system makes it easy to access your funds. Unstaking SWAN involves two steps: requesting the withdrawal and then claiming your tokens. Here’s how to do it: **Step 1: Head to the Withdrawals Tab** * Go to the SwanFi withdrawal tab and connect your wallet.
**Step 2: Request or Claim** In the withdrawals section, there are two actions: Request and Claim. * Request: Use this to initiate the withdrawal of your staked SWAN. This step converts your fSWAN into SWAN. * Claim: Use this to withdraw your converted SWAN tokens or OP rewards. By default, the withdrawals tab opens in "Request" mode. * Enter the amount of SWAN you wish to withdraw and click "Withdraw."
**Step 3: Confirm the Transaction** * Sign and confirm the withdrawal transaction in your wallet when prompted. * The withdrawal process typically takes around 7 days to complete. During this time, you will not earn additional rewards on the withdrawn stake.
**Step 4: Claim Your SWAN** * After the withdrawal request is processed, you can see its status on the withdrawals tab. Remember to switch from “Request” mode to “Claim” mode.
* Once the withdrawal is ready, the "Claim" button will become active.
* Click "Claim" and confirm the transaction to receive your SWAN tokens or OP rewards in your wallet.
***
# How to Claim Rewards on SwanFi To claim your staking rewards, follow these steps: **Step 1: Go to the Withdrawals Tab** * Navigate to the SwanFi withdrawal tab and connect your wallet.
**Step 2: Request or Claim** * In the withdrawals section, you will see two options: Request and Claim. * * Request is used to initiate the withdrawal of your staked SWAN. This step converts your fSWAN into SWAN. * Claim is used to withdraw your OP rewards. * The withdrawals tab defaults to "Request." To claim your rewards, switch to "Claim."
**Step 3: Choose Your Rewards** * Select the rewards you wish to claim. For more information on the reward pools, visit:[ SwanFi Reward Pools](https://docs.swanfi.xyz/reward-pools/swanfi-op-reward-pool). * Once you've selected your rewards, click "Claim." Then, sign and confirm the claim transaction when prompted.
Note:\ To claim Swan, ensure your wallet is connected to the Swan Chain.\ To claim OP, make sure your wallet is switched to the Optimism Network.
If you encounter any issues during the claim process and are unable to complete it, you can check their status under "Pending Claim" and proceed by clicking the "Continue" button. **Step 4: Check Reward Details** * You can visit the \[Rewards Tab] to view detailed information about your rewards, including the fSWAN balance, OPbalance, OP APR, and even export your reward history. # Reward Mechanism SwanFi Staking & Rewards – FAQs #### **1. How does rebasing work in SwanFi?** When you stake SWAN into SwanFi, you receive shares behind the scenes. Your balance is determined by: **Formula:**\ `balanceOf(user) = (sharesOf(user) / getTotalShares()) * totalPooledSwan()` This means your balance is a percentage of the total pooled SWAN. * **When you stake SWAN:** `totalPooledSwan` increases. * **When you withdraw SWAN:** `totalPooledSwan` decreases. * **When the admin posts rewards:** The contract updates `totalPooledSwan`, increasing all users' balances automatically while their shares remain unchanged. **2. How do I earn rewards on SwanFi?** * When you stake SWAN into SwanFi, you receive **fSWAN**. * The pooled SWAN is then staked into the **Parasail protocol** to earn **pSWAN**. * Parasail has a rebasing mechanism where rewards are calculated whenever pSWAN is staked or withdrawn. * Your rewards come from the **pSWAN staking wallet.** #### **3. How are daily rewards calculated?** Every day at **10 AM EST**, rewards are calculated using: `todays_reward = (todays_pswan_balance - yesterdays_pswan_balance - incoming_pswan + outgoing_pswan) * 0.9` **Important Notes:** * Incoming pSWAN from transfers/stakes is excluded from rewards. * If no one stakes/withdraws for 24 hours, no rewards are realized until a rebase is triggered. **4. How can I withdraw my SWAN?** 1. **Request Withdrawal:** When you initiate a withdrawal, your **fSWAN is locked** in the withdraw wallet, starting a **3-day cooldown**. 2. **Processing:** The request is processed by our scanner, which then requests a withdrawal from Parasail. 3. **Completion:** Once SWAN is returned to SwanFi, the withdraw wallet **burns fSWAN** and returns SWAN to you. **5.Does this affect other users?**\ No, since **both `totalPooledSwan` and `totalShares` decrease**, the balance of other users remains unchanged. # FAQ ### What is SwanFi? SwanFi is a staking product platform designed for [Swan Chain](https://www.swanchain.io/) to create the largest Decentralized Physical Infrastructure Network (DePIN) liquidity and service aggregator. It transforms compute resources into a new form of liquidity, enhancing the DePIN ecosystem. ### What are SWAN and fSWAN tokens? * SWAN is the native token that users can stake on the platform * Contract Address: 0xBb4eC1b56cB624863298740Fd264ef2f910d5564 * fSWAN is the tokenized representation of staked SWAN that users receive after staking * Contract Address: 0x0BdB34138983B95D9174Cd57EFd20e8fC4050165 ### How do I stake SWAN? You can find the complete staking tutorial here: [How to Stake SWAN on SwanFi](/guide/how-to-stake-swan-on-swanfi) ### How do I unstake? For detailed unstaking instructions, visit: [How to Unstake SWAN on SwanFi](/guide/how-to-unstake-swan-on-swanfi) ### How long is the unstaking period? There is a 7-day unstaking period before users can receive their SWAN tokens back. During this time, you will not earn additional rewards on the withdrawn stake. ### When can I claim my rewards? You can claim your rewards anytime. For detailed instructions on claiming rewards, visit: [How to Claim Rewards on SwanFi](/guide/how-to-claim-rewards-on-swanfi) ### How are rewards calculated? Rewards are calculated based on your share of the total staking pool, daily revenue, and platform fees. For details, visit: [SwanFi OP Reward Pool](/reward-pools/swanfi-op-reward-pool) ### When does the APR update? APR updates after the daily settlement at 10 AM EST every day. ### How long will the OP reward pool last? The OP reward pool is designed to distribute up to a total of **150k OP tokens** over **a 240-day period**. This significant allocation ensures sustained rewards for participants during this timeframe. ### How can I reduce high gas fees? If you're experiencing high gas fees, you can optimize them by adjusting your MetaMask settings. For detailed instructions on reducing gas fees on Swan Chain, please visit our documentation: ### Why can't I see SWAN or fSWAN in my wallet? Make sure you have: * Switched to the SWAN mainnet * Imported the SWAN token into your wallet For detailed instructions on setting up your wallet, refer to the Wallet Setup Guide in the documentation. ### Why can't I claim my OP rewards? To claim OP rewards, ensure: * Your wallet is connected to OP mainnet * You have enough ETH in your wallet for gas fees ### Why do I see "insufficient SWAN" despite having enough balance? If you see this error: 1. Ensure your wallet is connected correctly 2. If the issue persists: * Disconnect your wallet * Clear your browser cache * Refresh the page * Try connecting again * If problems continue, try using a different browser ### How does the reward distribution system work? * Rewards are calculated daily * They are tied to the fSWAN holder's wallet address * Accumulated rewards are stored in a smart contract * Daily snapshots determine earnings for each fSWAN holder * Rewards are displayed in fSWAN on the dashboard ### Where can I get support for SwanFi? For support, users can visit the Swan Chain [Discord](https://discord.gg/DM5xBUnvt9) or [Telegram](https://t.me/swan_chain) communities.