2. Distribution Date and Observation Period

The distribution date is 15th of every month.
The observation period refers to the period from the 15th of the month prior to the distribution month to the 14th of the distribution month.
For the reward distributed on February 15, 2025, the observation period will be from January 15, 2025, to February 14, 2025 (1 month).

For example, if you buy $100,000 worth of SG through the app on January 14th and hold it, and the SG balance fluctuates, let’s assume that the average balance is $90,000 between January 15th and February 14th. In that case, $90,000 will be the staking principal, and an APY of 8% will apply. The staking amount for this will be granted on February 15th.

The number of days of the observation period depends on the month; in the case of January 15 to February 14, the observation period is 31 days. The average balance is calculated by the formula: total daily SG balances in USDT / total number of days of the observation period. Please note that all days of the observation period are taken into account, even if you join the staking service in the middle of the observation period. For instance, if you join staking service on January 20, the total number of days in the observation period is still 31. In this case, if you buy and hold $5,000 worth of SG from January 20 to February 14, your staking principal for February 15 would be calculated as: $5,000 * 26 days / 31 days = $4,193.55.