❓FAQ

The following are some frequently asked questions.

How Often Will I Earn Rewards?

stSQD uses a continous rebase mechanism that allows holders to receive rewards every block.

How Long Does It Take To Recieve My stSQD After Staking?

Stakers receive their stSQD immediately after their mint SQD transaction has confirmed.

What Are the Contract Addresses of Both SQD and stSQD?

Both tokens are on Arbitrum mainnet:

• SQD: https://arbiscan.io/address/0x1337420ded5adb9980cfc35f8f2b054ea86f8ab1

• stSQD:

Why is stSQD Trading At a Different Price to Native SQD?

Since stSQD is backed by staked assets, it can take a few hours to redeem. This means that the underlying is illiquid, which can cause a discount to the native price.

Sometimes stSQD will be at a premium to native SQD, this is because there may be lots of demand for stSQD at that current moment.

In both cases, arbitrageurs will bring the price back to parity, and you are always able to redeem stSQD to native SQD 1:1 via unstaking.

Is There a Minimum Amount of SQD Needed to Stake?

There is no minimum. Users can stake any amount of SQD into stSQD

Can I Transfer my stSQD?

Yes. You can transfer your stSQD to any ERC-20 supported wallet. Please understand that we have zero capability to access your wallet, or any wallet you send funds to. We do not and cannot help you with an incorrect transfer nor any retrieval of funds.

What is the Fee For Using This Service?

Thunderhead charges a percentage of the protocol rewards (22%). The rest of the protocol rewards go directly to stSQD stakers.

What Are The Expected Rewards?

The protocol rewards generated from the underlying validators are subject to change, these go to stSQD holders minus a fee.

How Long Does It Take To Recieve My stSQD After Unstaking?

If native SQD behind the stSQD needs to be unstaked the maximum waiting time for an stSQD unstake to become available which should be after 30 minutes.