OHMVAULTStake $OHMV, earn the backing's growth
Every 6 hours the Ratchet checks how much OHM backs each OHMV. When backing hits a new high, it mints new OHMV, up to 2% of supply, and every bit of it goes to stakers. No owner sets the rate; it comes straight from the pool.
Stake desk
- Goes live (starts earning)
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- First payout you share in
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- Your share of that payout
- Can unstake from
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- Stops earning
- immediately
- Withdraw opens
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- Your rewards
- stay claimable
Your stake
- Earning
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- Pending
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- Share of earning stake
- Est. from the next paying tick
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- Unstake lock ends
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- Unstaked, cooling down
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- Withdraw opens
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Private box
- Box key address
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- Your box
- -- ↗
- OHM in the box
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- OHMV in the box
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- Bond in the box
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- Staked in the box
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- Unstaked, cooling
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- Ready to pay out
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Stake once and every epoch's reward is restaked for you, so the rewards earn too. Same rules as a direct stake: a deposit earns from the tick after next, and leaving takes the staker's 6h lock and 6h cooldown (about 12 hours). No owner, no fee, and the position can't be transferred.
- Worth now
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- Waiting for its first tick
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- Leaving
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- OHMV in auto-stake
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- Value of 1 share
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- Exits waiting
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Each epoch the vault claims its rewards and stakes them again, so a share is only ever worth more OHMV. Deposits are priced after the tick that activates them, so nobody can join right before a paying tick and take part of it. While an exit waits for the staker's lock, new deposits wait with it (you can take a waiting deposit back), then everything is staked together.
The pay meter
How staking works
- You stake: it's pendingYour OHMV moves into the staking contract and waits for the next 6h tick. A stake placed in an epoch never shares in that epoch's mint, so staking a block before a tick and leaving after earns nothing.
- The next tick turns it activeEvery stake from the closed epoch is activated at once by the tick itself. Nothing to click, no keeper per wallet.
- Every tick after that, you get your shareIf backing per OHMV made a new high, the Ratchet mints new OHMV to the staking contract and it is split by active stake: your active ÷ all active.
- Claim whenever you likeRewards pile up until you claim. They don't compound by themselves: claim and stake again to compound.
- Leaving takes 6 hoursYou can unstake once 6h have passed since your last stake (staking or compounding again restarts that 6h). The amount stops earning at once and can be withdrawn 6h later. Right after a stake or compound, that adds up to 12h at most.
Next mint, worked out
The mint is a formula in the Ratchet contract. Here it is with today's numbers, recomputed every 15 seconds.
OHM locked in the pool ÷ OHMV supply. The Ratchet uses the lowest pool level seen during the epoch (the window low), so a pump and dump inside 6 hours can't fake a high.
The backing level already paid out. A mint only happens when the window low is above the mark (in OHM, and in USD too). The mark only moves up.
mint = 0.75 × supply × (backing − mark) ÷ markcapped at 2% of supply per tick · paid 100% to active stakers| reading the chain… |
Two cases pay nothing. No new high: the mark stays and stakers wait for more OHM to come in. No active stake: the new high is recorded (the mark moves up to it) and nothing is minted, so it can't be claimed later either.
Runway
After a capped mint the mark doesn't jump all the way up. It moves to the higher of what was paid for, or 80% of the new backing. So a big gap pays out over several ticks. This table plays the formula forward with no new OHM at all, no bonds, fees or buys, and today's stake.
| Tick (UTC) | Mint | % of supply | Per 6h on stake | Mark ÷ backing after |
|---|---|---|---|---|
| reading the chain… | ||||
Real ticks will differ: bonds and the 40% of fees that compound add OHM and lengthen the runway; sells take OHM out and shorten it; new stakers split the same mint more ways.
Rules and timings
| Epoch | 6 hours. Ticks are at 02:00, 08:00, 14:00 and 20:00 UTC. Anyone can call the tick; the keeper calls it within a minute or two. |
| New stake | Pending until the next tick, then active. It shares in the tick after that. |
| Unstake lock | 6 hours after your most recent stake. Staking again resets it for the whole stake. |
| Cooldown | Unstaked OHMV earns nothing and waits 6 hours, then you withdraw it. Unstaking more during a cooldown adds to it and restarts the 6h on the total. |
| Rewards | Claim any time, separate from principal. A claim can never touch anyone's staked OHMV. |
| Mint size | 0.75 × supply × backing growth over the mark, capped at 2% of supply per tick. Needs a new high in OHM and in USD (Chainlink OHM price). |
| Who can change this | Nobody. No owner, no admin, no pause. The Ratchet address was set once at deploy and frozen. |
| Gas | Each transaction is simulated and estimated before your wallet opens. Keep a little ETH for an approve plus the stake. |
Questions
I staked but the site says "earning 0"
Your stake is pending until the next tick. Check "Pending" in Your stake. It turns active at the tick, and you share in the tick after that.
Why did the first tick mint nothing?
The first epoch's window low was the 100 OHM seed, before any buys, so backing hadn't beaten the mark yet. Also, nobody was active yet: every launch-day stake goes live at that first tick. The first real mint is the tick after.
Is the rate an APR?
No fixed rate exists. Each tick pays whatever the formula gives, up to 2% of supply, split over whoever is active. More stakers means a smaller cut each; more OHM in the pool means bigger mints. The per-6h figures here are estimates from the chain right now.
Do rewards compound?
Not by themselves. Claim, then stake the claimed OHMV. It goes pending and earns from the tick after next, like any new stake.
Does minting new OHMV dump the price?
Minting only happens against OHM that is already in the pool and above the mark, so backing per token never drops below the mark. Whether stakers sell their rewards is up to them.
Can I stake bonded OHMV?
Yes. Claim it from the bond page as it unlocks, then stake it here.
Payouts and activity
reading totals…
Every tick
| Tick | Result | Minted | Active stake | Paid per 6h |
|---|---|---|---|---|
| reading the chain… | ||||
Recent stakes, unstakes and claims
| Wallet | Action | Amount | When |
|---|---|---|---|
| reading the chain… | |||