Sphere Earnings Pool

The Sphere Earnings Pool is a single-sided Dyson vault in which $SPHERE lockers earn real yield from Dyson’s performance fees, a portion of the Sphere Finance Treasury’s yield, and all future Sphere Finance ecosystem protocol revenue.

How does the Sphere Earnings Pool work?

The Sphere Earnings Pool is a vault which locks users’ $SPHERE tokens for a 17-week period. They are then given $ylSPHERE (yield-locked SPHERE), a Sphere Earnings Pool proof-of-deposit token. From then on, depositors earn a variable APR of real yield. The yield is fueled by Dyson's performance fees and Sphere Finance Treasury yield strategies, and is currently distributed in $wPOL. In the future, yield will also be distributed in Preon’s $STAR stablecoin thanks to the Sphere Finance Treasury’s allocation of $vePREON.

How frequent are rewards?

Rewards are distributed on a 7-day cycle. At the end of each cycle, the vault will temporarily stop distributing rewards until it is refilled. At that time, the multisig team will promptly refill the vault and initiate a new 7-day cycle. Due to the current vault structure, it cannot be pre-filled, but this process will be enhanced with an upcoming tokenomics upgrade to improve the overall flow and increase decentralization.