Staking and PORRIDGE

Goldilocks also includes a staking mechanism for all LOCKS tokens. Importantly, staking rewards are not paid in newly emitted LOCKS tokens (which would dilute the floor price). Rather, they are paid in a second token, PORRIDGE, whose emissions rate is governed by the DAO . The PORRIDGE token gives owners the right to buy LOCKS from the protocol at floor price. So no matter what LOCKS’ market price is, if a user has one PORRIDGE token, they can use it to mint one LOCKS token through the AMM at floor price. Crucially, these staking rewards can never dilute the floor price of LOCKS.