Buying and selling stakes.
The open market allows you the freedom to trade with other users. This can be a great way to enter the staking pools should you have missed the auction or want to top up on your existing portfolio.
You determine the price of your stakes.
The price is determined by the seller and is based on a variety of factors, such as length of stake, amount of tokens, and accrued divs.
The gain of buying stakes.
When buying stakes, you obtain the $MOUNT / $bMOUNT tokens along with all accrued and future dividends and bonus tokens.
Why buy stakes vs entering the weekly auctions?
You may find some stakes work out cheaper than entering the auctions + divs accumulated, it also allows earlier access into the pools.
Good to know.
For the benefit of the protocol, there’s a 10% fee imposed when selling stakes. 9% goes into buybacks and 1% is allocated for marketing.
$MOUNT and $bMOUNT tokens collected from buybacks will be burnt.