Sweet Finance is one of the first DeFi protocols on the Theta blockchain. Our mission is to invent convenient and transparent DeFi applications for the Theta community.
The staking smart contract holds TFUEL and stakes it to an edge node to earn rewards. When you withdraw your stTFUEL, you receive TFUEL according to the protocol's holdings. As the protocol accumulates more income from staking, you can withdraw more TFUEL with the same amount of stTFUEL over time. That's why the stTFUEL/TFUEL pair is expected to gradually increase in value.
The protocol has two phases: staking and unstaking. In the staking phase, anyone can stake TFUEL and get stTFUEL back. The contract earns staking rewards during this state. In the unstaking phase, users can only unstake the protocol's TFUEL from edge nodes and get your TFUEL back. This is because Theta does not allow an address take out a portion of their tokens, so we designed this system. The current expected lengths of the states are: 176 days for staking and 4 days for unstaking. But you can swap your stTFUEL for TFUEL on decentralized exchanges anytime, so you can always take out your coins!
At the moment, we have not performed any smart contract audits. That’s why the protocol is only available on the Theta Test network to avoid any loss of funds. We care deeply about the security of our users and plan to conduct an audit in the near future. Join our Discord to stay updated on the progress.
You can contact the Sweet Finance team or join the community by visiting our official Discord server. There you can chat with other users, ask questions, give feedback, report issues, and stay updated on the latest news and developments. You can also follow us on Twitter for more information and announcements. We look forward to hearing from you and welcoming you to the Sweet Finance family!
Sweet Finance is one of the first DeFi protocols on the Theta blockchain. Our innovative product offers you the easiest and most liquid way to stake your TFUEL.
How does it work? You send your TFUEL to a smart contract, which stakes it for you on one of the available Theta edge nodes. In exchange, you receive stTFUEL tokens that represent your share of the protocol's TFUEL in its vault.
What are your benefits?
— Stake easily. You don't have to set up and run a node yourself. Just use one of our smart contracts.
— Unstake immediately. You can exchange your stTFUEL tokens for TFUEL at any time on a decentralized exchange, such as Theta Swap by the Theta team. That's why our staking is the most liquid.
— Stake from as little as 1 TFUEL. You can stake any amount of TFUEL you like. If you have less than 10,000 TFUEL, simply buy stTFUEL on a decentralized exchange.
— Get additional APY. You can use your stTFUEL in other DeFi protocols and earn even more.
Join us and be part of the DeFi revolution on Theta!