Compliant Staking
TI;Dr: Acquire sgETH, sgUSDT, or sgUSDC and earn.
It's that simple.
Real-time checks on locked tokens reserves are available through our contract
Staking partners: Rocketpool
Staking partners: Stake ETH with Quantlytica
Staking partners: Toros
How to earn? Hold sgTokens
Compliant Staking
Participate in Compliant Staking by depositing, locking and minting sgTokens
Liquidity Provider
Individual actions within Singularity protocol
*Capped at 10,000 points
User utilizes the combine, split, or combine & split function to make their assets more divisible. i.e User A deposited 20 ETH but they only need to use 10ETH to perform a certain DeFi activity like a swap. They can use the split function to break up their deposit into two deposits of 10 ETH and execute the swap.
*Capped at 1,000 points
*Capped at 100,000 points
*Capped at 100,000 points
*Capped at 100,000 points
*Capped at 100,000 points
Additional boost
sgToken value will be calculated at a future snapshot date
sgToken value will be calculated at a future snapshot date
sgToken value will be calculated at a future snapshot date
https://twitter.com/singularityzk/status/1816373654751789235
to earn bonus points for you and your friends.
FAQs
sgTokens are permissionless erc20 smart contract-wrapped tokens that represents the equivalent locked token inside theSingularity contract
Only KYB/KYC’d users can deposit, mint, or burn to redeem the underlying token.
sgTokens can be held by anyone and traded on permissionless DEXs.
sgTokens is backed 1:1 by the locked token in the Singularity contract so sgTokens should be 1:1 against the underlying token. As holders of sgTokens also receive additional points, some users may value sgTokens at a slight premium to the underlying token.
See our contract:
Yes, as part of the onboarding process, in addition to passing off-chain KYC/KYB, user wallets will go through on-chain analysis to ensure they are not on any sanctioned or blacklists.
Your KYC/KYB data is stored with the third-party provider’s encrypted internal off-chain database. There is no link between your data & your on-chain wallet address, thereby protecting your on-chain anonymity.
Via our partner zkMe, users’ private data is encrypted on their end with a generated zero-knowledge proof (ZKP). A Soulbound Token (SBT) containing the ZKP is minted on chain, while encrypted data is stored in decentralized storage. Since SBT is linked to zkMe account, the user retains full control and self-sovereign rights over this SBT.
Technical Risks
Using smart contracts involves risks such as potential loss of funds. While we strive to minimize these risks through rigorous testing and audits, users are advised to proceed with caution.
Market Risks
Whilst sgTokens is backed 1:1 by locked token in the Singularity contract, in sudden and extreme market conditions such as black swan events, sgTokens may depeg from token, resulting in potential financial losses.