sALTO
Overview
sALTO provides holders a claim on protocol revenue and governance power.
In order to obtain sALTO, a user must stake their ALTO tokens in one of the four buckets of the locking consensus mechanism. These buckets will have fixed time durations and “outputs”. For example, if a user stakes 100 ALTO for four weeks and receives a 75% output, they will receive 75 sALTO. The users USDO rewards will be dictated by their share of the total staked ALTO.
sALTO cannot be unstaked early, but can be re-staked during the lock duration. Each epoch, buckets can either increase or decrease the requisite lock duration by -1, or +1 epochs, depending on if more ALTO was locked into a given bucket in the current epoch than the prior.
Rewards
sALTO lockers will receive their proportional share of the entire Alto Protocols captured fees in the form of USDO rewards each epoch (week) from the following sources:
USDO Interest
Liquidation Fees
USDO Creation Fees
Flash Mint Fee
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