Sapien (@BuildOnSapien): SAPIEN staking rewards are live.

SAPIEN staking rewards are live. Holders can now deposit SAPIEN into the Sapien Vault on Base and receive vSAPIEN, a token representing their underlying SAPIEN in the vault. As rewards stream into the vault, each vSAPIEN redeems for more SAPIEN. What that means in practice: · The cap opens at up to 20% a year, and the full rate applies while the vault holds under 50M SAPIEN, and the rate declines as the vault grows and as the program ages. · Rewards are funded from existing supply, an allocation of 50M SAPIEN unlocked at TGE. No additional SAPIEN is being created and the emission schedule is unchanged. · Each deposit can be withdrawn once it is 24 hours old. After that there is no waiting period and no other lockup. · Depositing alone carries no slashing risk. That exposure only exists for vSAPIEN a holder explicitly locks behind a validator later on. · The live rate is always published at http://vault.sapien.io.