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SNAKE Shares are one of the ways to measure the value of the Snake Finance and shareholder trust in its ability to maintain SNAKE close to peg. During epoch expansions the protocol mints SNAKE and distributes it proportionally to all gSNAKE holders who have staked their tokens in the Nest.
SNAKE Shares are one of the ways to measure the value of the Snake Finance and shareholder trust in its ability to maintain SNAKE close to peg. During epoch expansions the protocol mints SNAKE and distributes it proportionally to all gSNAKE holders who have staked their tokens in the Nest.