/// Reading the chain
/// Staking, cadence & emissions
Stake, rebase, govern
The DAO token stakes into DENARI, a rebasing sTOKEN, and wraps up to a gROHM-style gTOKEN — the unit that votes in the senate. Emissions run from genesis, but only ever against real excess reserves.
/// Three tokens, one position
DENARI and the gTOKEN
DAO token
The base token you buy from the curve. Liquid, tradeable, and the unit the redemption floor pays out against.
Staked · DENARI
Stake the DAO token into DENARI, a rebasing sTOKEN. Your balance grows in place each epoch as emissions land — the Olympus-style rebase.
Governance · gTOKEN
Wrap DENARI up to a gROHM-style gTOKEN. It holds a fixed balance whose value accrues, and it is the vote unit in the senate. See governance.
/// The one staking choice
Set once, at foundingThe rebase cadence
At founding, the DAO picks how often staking rebases — one of 1h, 2h, 4h, or 8h. This is purely a choice of tempo: a shorter epoch compounds more often and feels more alive, a longer one is calmer. It is the only staking parameter a founder sets.
1h epoch24 rebases / day1/8 rate
2h epoch12 rebases / day1/4 rate
4h epoch6 rebases / day1/2 rate
8h epoch3 rebases / daybase rate
Cadence changes the rhythm, not the reward. See normalization below — the day totals are identical.
/// On from genesis, gated by backing
Emissions and the CurveLegReceipt
Emissions are switched on from the very first epoch — there is no warm-up delay. But they are gated by excess reserves: the rebase only mints when the treasury is backed above its liabilities. If a DAO has no excess reserves, the rebase simply mints nothing. It never reverts, never bricks staking, and picks back up the moment backing returns.
Backed at birth
A per-DAO CurveLegReceipt values the WETH and gROHM curve legs as backing. So a fresh DAO has real reserves from its first block — its rebases are not stuck at zero waiting for volume to accumulate. Genuine emissions can flow immediately.
Backing is valued conservatively; the curve legs count toward emissions but are haircut out of the redeemable floor. See treasury & backing and the redemption floor.
/// Same day, any tempo
Reward-rate normalization
The reward rate is normalized by the chosen epoch, so daily emissions are identical for every cadence. A 1h DAO rebases eight times as often as an 8h DAO — at one-eighth the per-rebase rate. Over a day the two land in exactly the same place; the founder is choosing texture, not yield.
1h DAO24 × (1/8)rebases × per-rebase rate
8h DAO3 × (1×)rebases × per-rebase rate
Both resolve to the same daily total. Cadence never advantages one DAO’s stakers over another’s.