Starting July 1st, 2022, all SLND rewards on Solend will become options. Read the announcement here.
Details of the options:
- American style (can be exercised any time)
- Strike price of 30% of the price of SLND at the end of the period
- 1-year expiry
- Redeemable at the beginning of the next month as with other rewards
Exercise your SLND options by paying 10% of the total value in USDC and receive the 90% as your LM reward. APRs on the UI have accounted for the exercise cost.
SLND is being emitted at a rate of 0.1585 per slot (10M / slots per year where slots are every 500ms or 10,000,000 / 63,072,000). SLND rewards are distributed proportionally according to each market's weight.
For example, consider the sum of all weights is 28. If an asset's borrows are incentivized with 6x SLND, it means borrowers are rewarded 6/28 of the monthly SLND emissions.
Additionally, some assets are incentivized by partner rewards. The reward schedule is as follows:
These are more predictable and less likely to run out.
2x SLND options
6x SLND options
9x SLND options
4x SLND options
80k LDO + 1x SLND
MNDE + 1x SLND
There are currently no period rewards.
*Actual end date is defined by a slot number, which may diverge from the estimated date due to blocks processing faster or slower than expected.