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veSIS

Symbiosis Reward Programs: veSIS is the perfect way to get more out of crypto assets. By staking SIS tokens, users can earn and also have a say in the Symbiosis DAO

Introducing veSIS

veSIS is the perfect way to get more out of crypto assets. By staking SIS tokens, users can receive rewards, increase APR for providing liquidity to the Symbiosis pools, reduce cross-chain fees, and most importantly, gain voting power to shape the Symbiosis DAO.
How it's work:
Holders lock their SIS tokens on Ethereum / BNB chain and/or zkSync Era for a desired period of time and receive veSIS tokens in return.
The SIS token is the token of the Symbiosis protocol.
For more information about the SIS token, please see SIS Token of Symbiosis.
Staking SIS tokens and becoming a veSIS holder unlocks exclusive benefits such as:
  • Voting power in the Symbiosis DAO For more information, refer to Governing Symbiosis
  • Boosted APR for liquidity provision For more information, refer to Farming on Octopools
  • Cross-chain fees reductions: up to 60%! For more information, refer to this article
  • Rewards for staking SIS tokens For more information, continue reading this document
The longer SIS tokens are locked, the more rewards and voting power holders have. Let's consider the following examples:
1 SIS locked for 4 years = 1.00 veSIS 1 SIS locked for 3 years = 0.75 veSIS 1 SIS locked for 2 years = 0.50 veSIS 1 SIS locked for 1 years = 0.25 veSIS
The number of your veSIS tokens will get a little smaller every week as they turn into SIS tokens of rewards. Eventually, at the end of your lock period, you will have 0 veSIS tokens and your locked SIS tokens will be available for withdrawal.
Rewards are distributed once a week, on Thursday at 00:00 UTC.
Rewards are accrued for the full week. For example, if you lock SIS tokens on Friday, the first portion of the rewards for that lock will be available in 13 days, not 6.
Users can claim their rewards in full at any time; there is no vesting period. Locked SIS tokens become available for withdrawal once the chosen lock period is over.

User Guide

There are two steps on the path to veSIS rewards and voting power:
  1. 1.
    Get SIS tokens on Ethereum, the BNB chain, or zkSync Era,
  2. 2.
    Get veSIS tokens: stake SIS tokens on Ethereum, the BNB chain, or zkSync Era.

Adding SIS token to the Token List in your Wallet

Before you start working with SIS tokens on Ethereum, the BNB chain, or zkSync Era, you may need to add the token to the token list in your wallet. Here is the information you need:

$SIS on Ethereum

Contract address: 0xd38BB40815d2B0c2d2c866e0c72c5728ffC76dd9 -> More information on Etherscan

$SIS on BNB Chain

Contract address: 0xF98b660AdF2ed7d9d9D9dAACC2fb0CAce4F21835 -> Mori information on BscScan

$SIS on zkSync Era

Contract address: 0xdd9f72afED3631a6C85b5369D84875e6c42f1827 -> More information on zkSync block explorer
How to add SIS token to a wallet's token list
Adding a custom token to a wallet's token list usually involves manually inputting the token's contract address and other details. Here's a general step-by-step process for most wallets:
  1. 1.
    Open Your Wallet App.
  2. 2.
    Access the Token List: Most wallets have a section where you can see a list of tokens. It could be labeled as "Tokens", "Assets", "Coin Management", or something similar.
  3. 3.
    Add Custom Token Option: Look for an "Add", "+", or "Manage Tokens" option. Once you click on it, there might be an option to "Add Custom Token" or "Add Token Manually".
  4. 4.
    Enter Token Details: Here you'll typically need:
    • Token Contract Address: This is the unique address that represents the token on the blockchain. Make sure you copy it correctly and from a trusted source to avoid scams.
    • Token Symbol: This is the shorthand symbol for the token (e.g., ETH for Ethereum, BTC for Bitcoin).
    • Decimals: Most tokens use 18 decimals, but you should verify the exact number for your specific token.
  5. 5.
    Confirm: After entering the details, there should be a button to finalize the addition, something like "Add", "Confirm", or "Done".
  6. 6.
    Verify: Once added, go back to your token list and ensure the custom token is now visible with its proper details.
  7. 7.
    Warning: Always ensure you're adding the correct token. There are many scam tokens that might have similar names to legitimate ones. Always use trusted sources to get the contract address and other details.
Different wallets might have variations in the process, but this is the general approach. Always refer to the specific instructions provided by your wallet provider or their official documentation

Joining the veSIS Program

To join the veSIS reward program and receive rewards, discounts, and voting power, you need to lock your SIS tokens first. When you lock SIS tokens, you will receive veSIS tokens in exchange. The more veSIS tokens you have, the more rewards you will receive.
You can lock SIS tokens on Ethereum, BNB chain and zkSync Era. If you have SIS tokens locked on more than one chain, the SIS tokens of all chains will be taken into account for voting and discounts.
To lock SIS tokens:
  1. 1.
    Navigate to Symbiosis WebApp > Farming Section > the veSIS tab:
    Est.APR is an estimated APR value based on the total number of SIS tokens locked at the time of calculation and the reward amount allocated weekly. — Est.Weekly Rewards Pool is an estimated value based on the previous week rewards pool. — veSIS Supply is the total number of veSIS tokens minted to date. — Locked is the total number of locked SIS tokens.
  2. 2.
    Connect your wallet.
  3. 3.
    Select the blockchain (Ethereum, the BNB chain or zkSync Era) where you want to lock your SIS tokens:
  4. 4.
    Press the Create Lock button:
  5. 5.
    To get SIS tokens, click Get SIS:
    You will be redirected to the Swap section of Symbiosis WebApp. Once you have SIS tokens, navigate back to Symbiosis WebApp > Farming Section > the veSIS tab, and press the Create Lock button:
    Advanced mode:
    One year is approximately 52 weeks.
  6. 6.
    Enter the number of SIS tokens you are going to lock and choose the duration of the lock (during this period, you will accrue rewards once a week):
  7. 7.
    Press Confirm Lock button and check the details of the lock:
    Important: APR, Weekly Rewards, and Total Rewards listed for your lock are estimated values. They are calculated based on the total number of SIS tokens locked at the time of calculation and the reward amount allocated weekly.
  8. 8.
    If you see the Switch network to Ethereum/BNB/zkSync Era button, switch to the network by pressing the button and confirming the action in your connected wallet.
  9. 9.
    If you see Approve SIS amount button, approve the token use by pressing the button and approve the transaction in your wallet. As soon as the transaction is executed, the Create Lock button becomes available:
  10. 10.
    Press the Create Lock button and confirm the operation in your wallet. Once the transaction is mined, you will get back to the top page, where you will see your lock:
    Expand More About Your Lock to see details of the lock:
The number of your veSIS tokens will get a little smaller every week as they turn into SIS tokens of rewards. Finally, you will have 0 veSIS tokens by the end of your lock period, and then your locked SIS tokens will become available for withdrawal.
Weekly and total rewards listed for your lock are estimated values. They are calculated based on the total number of SIS tokens locked at the time of calculation and the reward amount allocated last week.
Done

Managing Your Lock

You can extend an existing lock and/or add more SIS tokens to an existing lock.
To change existing lock:
  1. 2.
    Connect your wallet.
  2. 3.
    Select the blockchain where you have created your lock:
  3. 4.
    If you have a lock, you will see:
  4. 5.
    Click the cogwheel icon:
  5. 6.
    Here you can manage your lock: add more SIS tokens and/or increase the lock duration:
    Amount To increase the amount of SIS tokens, enter the number of SIS tokens you want to add to your existing lock, and press the Change Lock button:
    Time To extend the time, enter the amount of time you want to extend your lock, and press the Change Lock button:
  6. 7.
    Confirm the transaction in your wallet.
Once the lock time has ended, the SIS tokens can be unlocked. Please claim rewards first, then you will be able to unlock SIS tokens.
Done

Checking and Claiming Rewards

Rewards are distributed once a week, on Thursday at 00:00 UTC. Rewards are accrued for the full week. For example, if you lock SIS tokens on Friday, the first portion of the rewards for that lock will be available in 13 days, not 6.
The number of your veSIS tokens will get a little smaller every week as they turn into SIS tokens of rewards. Eventually, at the end of your lock period, you will have 0 veSIS tokens and your locked SIS tokens will be available for withdrawal.
The time depth of rewards information to be displayed is 50 weeks (it's roughly one year).
To check and claim your rewards:
  1. 2.
    Connect your wallet.
  2. 3.
    Select the blockchain (Ethereum, the BNB chain or zkSync Era) where you have locked SIS tokens:
  3. 4.
    If you have a lock you will see
  4. 5.
    Press the Claim Rewards button, and confirm the transaction in your wallet. Once the transaction is mined, the reward tokens will be sent to your address. If you check your lock again, you will see that your lock information has been updated:
    Important Due to the complexity of the smart contract, there's a maximum time depth of 50 weeks (approximately one year) for claiming rewards. If you haven't claimed rewards for more than 50 weeks, you will need to do so multiple times.
Done

Unlocking SIS tokens

Once the lock time is over, the SIS tokens can be unlocked.
You should claim rewards first, then you can unlock your SIS tokens.
Important Due to the complexity of the smart contract, there's a maximum time depth of 50 weeks (approximately one year) for claiming rewards. If you haven't claimed rewards for more than 50 weeks, you will need to do so multiple times.

De.Fi Dashboard

Octopool and Symbiosis Reward Programs (veSIS on Ethereum/BNB chain, LP Farming on Ethereum/Arbitrum) are integrated with the De.Fi Dashboard. The integration allows you to view your assets deposited in Symbiosis with De.Fi.
How to check:
  1. 1.
    Just go to De.Fi, connect your wallet or enter the address you used to deposit assets to veSIS and/or to Symbiosis Octopool, and scroll down to the protocols section:
  2. 2.
    Click the protocol name to see details:
Done