sFLR Token

This page gives some details on the sFLR token.

sFLR

Total Supply: Total supply for the sFLR token is determind by the amount of FLR tokens staked via the sFLR contract at this moment.

Minting: When Staking FLR or wFLR via the sFLR contract, sFLR is minted. The amount is determined by the exchange rate of sFLR vs FLR.

If the exchange rate is 1.443 FLR for 1 sFLR, it means that 1 sFLR will be minted for every 1.443 FLR staked during the period that exchange rate is active.

Burning: When UnStaking sFLR via the sFLR contract, sFLR is burned. The amount is determined by the exchange rate of sFLR vs FLR.

If the exchange rate is 1.443 FLR for 1 sFLR, it means that 1 sFLR will be burned for every 1.443 FLR unstaked during the period that exchange rate is active.