$sLIQ - General Facts
8 min
Liquid staking overview, mechanics, benefits, and important links for sLIQ.
$sLIQ - Quick Overview
$sLIQ is Liquidium's liquid staking token built on the Bitcoin Runes protocol. By staking LIQUIDIUM•TOKEN, users receive STAKED•LIQUIDIUM, which represents the staked position and grows in value compared to $LIQ as staking rewards accrue.
This lets holders earn Liquidium.WTF protocol revenue in $LIQ tokens while keeping their tokens liquid, transferable, and usable for token-holder benefits.
$sLIQ - Overview
Liquid Staking Tokens issue a tradable token representing a staked position that auto-accumulates rewards.
- Stake $LIQ to receive $sLIQ.
- $LIQ rewards based on a share of Liquidium protocol fees are added to the staking pool, usually once a day.
- The exchange rate of $sLIQ to $LIQ increases over time.
- Late participants stake at the updated rate, ensuring fairness.
- $sLIQ remains fully tradable, transferable, and usable.
$sLIQ - Key Facts
| Property | Details |
|---|---|
| Token | $STAKED•LIQUIDIUM ($sLIQ) |
| Source Token | $LIQUIDIUM•TOKEN ($LIQ) |
| Issuance Ratio | 1:1 at launch, then dynamic and reward-bearing |
| Rewards | $LIQ rewards based on a share of Liquidium protocol fees, added to the staking pool, usually once a day |
| Markets | Tradable on non-custodial Runes marketplaces |
| Governance | Carries the same voting power as $LIQ |
| Discounts | Counts 1:1 with $LIQ by token amount toward Liquidium.WTF repayment fee discounts and lender bonuses |
$sLIQ - Mechanics
- Stake: deposit $LIQ to mint $sLIQ at the current rate.
- Rewards flow: $LIQ rewards based on a share of Liquidium protocol fees are deposited into the staking pool, usually once a day.
- Rising exchange rate: as the pool grows and $sLIQ supply stays fixed, the value of each $sLIQ rises.
- New stakers enter at the current rate, avoiding dilution of earlier stakers.
- Unstake: send $sLIQ back to the protocol at the current rate. The $LIQ amount, including accumulated rewards, is fixed at this point and does not earn further rewards.
- Cooldown: wait 7 days, counted from when the unstake transaction confirms.
- Withdraw: after the cooldown, open Unstake on stake.liquidium.org, find the completed request, click Withdraw, and approve the transaction. The $LIQ is sent to the same wallet address you unstaked from (in Xverse, your Ordinals address).
$sLIQ - Fees and Wallets
- Staking, unstaking, and withdrawing are each a Bitcoin transaction. The network fee is paid in BTC from your wallet's payment address, so keep some BTC there. Without it, the withdrawal fails with "Not enough BTC for the network fee".
- Supported wallets on stake.liquidium.org: Xverse and UniSat. UniSat works with Taproot or native SegWit accounts only.
$sLIQ - Your Portfolio Numbers
- sLIQ
- The number of sLIQ in your wallet. It stays the same and does not grow each day.
- LIQ
- What your sLIQ is worth in LIQ today: your sLIQ balance × the current sLIQ → LIQ rate. This grows as the rate rises.
- Total Earned
- The LIQ your sLIQ has earned while in your wallet, based on how much the sLIQ → LIQ rate has risen since you received it. sLIQ you have since unstaked, sold, or sent keeps the earnings it made up to then.
- Claiming
- There is nothing to claim. Rewards are in the rising rate, and you receive them as LIQ when you unstake and withdraw.
$sLIQ - Benefits
| Benefit | What It Means |
|---|---|
| Passive Yield | Rewards accrue through the rising sLIQ → LIQ rate, with nothing to claim. Staking, unstaking, and withdrawing each need BTC for network fees |
| Liquidity | $sLIQ is tradable on non-custodial Runes marketplaces |
| Equal Governance & Rebates | Each $sLIQ carries the same voting power as $LIQ and counts as one token toward fee discount tiers, the same as one $LIQ |
| Bitcoin-Native | Runs on Layer 1 using Runes and PSBTs with no bridges and no wrapped assets |
$sLIQ - Important Links
- Official link: stake.liquidium.org
- Proposal: Liquidium governance
