# Staking and Vault Participation

The ClickOptions ecosystem provides two participation channels:

1. **Click Staking** – Lock or stake Click tokens to earn rewards and unlock fee discounts.
2. **ClickVault Participation** – Contribute stablecoins (USDT/USDC) to the Vault to underwrite option risk and share in platform performance.

Users may participate in either channel independently or combine both for maximum benefits.

### Click Staking

Staking Click tokens provides:

* **Commission Discounts** → Up to **45% off trading fees** when paying in Click (see discount tiers below).
* **Staking Rewards** → Earn Click emissions + share of trading revenues.
* **Yield Boost** → When combined with Vault participation, staking multiplies APY.

#### Staking Options

* **Flexible**
  * Withdraw anytime.
  * Lower base rewards.
  * Subject to settlement fee if Vault liquidity is stressed.
* **7-Day Lock**
  * Locked until maturity.
  * Rewards are **auto-compounded by default** at the end of the 7 days.
  * User may enable **Auto-Restake** to automatically roll into a new 7D cycle.
  * Early exit before maturity triggers a redemption fee.
* **30-Day Lock**
  * Locked until maturity.
  * Rewards are **auto-compounded by default** at the end of the 30 days.
  * User may enable **Auto-Restake** to continuously roll into new 30D cycles.
  * Early exit before maturity triggers a redemption fee.
* **Auto-Restake**
  * Optional feature available for 7D ay and 30Day lock terms.
  * When enabled, both Click rewards and Vault APY earnings are automatically reinvested.
  * Provides compounded yield growth over time.

### ClickVault Participation

The **ClickVault** is the liquidity pool that underwrites all option risk.\
Participants deposit **USDT/USDC** into the Vault and earn performance-based returns linked to platform PnL.

#### Rewards

* Vault contributors earn a share of **all trading revenue** (from ITM + OTM outcomes).
* APY is **dynamic and performance-linked** — no fixed rate.

#### Liquidity Controls

To ensure stability, withdrawals may be restricted under stress conditions:

* **Normal conditions:**
  * Full withdrawal allowed at maturity (if locked).
  * Flexible deposits withdrawable anytime.
* **Stress conditions (Vault Liquidity below CLT):**
  * Withdrawals capped proportionally.
  * Settlement fee applied on withdrawals.
  * Fees are returned to the Vault to accelerate recovery.

### Withdrawal Rules & Penalties

#### Flexible Stakers

* Withdrawable anytime.
* If VaultLiquidity% falls below CLT → withdrawal capped proportionally.
* Settlement Fee applies if withdrawal demand exceeds available liquidity.

#### Locked Stakers (7D / 30D)

* Withdrawable only at maturity.
* Rewards **auto-compounded by default**.
* Can opt-in to **Auto-Restake** for continuous compounding.
* No penalty if withdrawn at maturity.
* Early exit triggers **early redemption fee**.
* If VaultLiquidity% < CLT → proportional withdrawal applies, even at maturity.

### Liquidity Monitoring & CAR Assessment

The Vault continuously monitors two key ratios:

$$
VaultLiquidity% = \frac{Available ; Liquidity}{Maximum ; Capacity} \times 100
$$

$$
CAR = \frac{VaultCapital}{RequiredCapital}
$$

* **VaultLiquidity%** measures the available liquidity buffer.
* **CAR (Capital Adequacy Ratio)** is the health indicator of the Vault.
* Low CAR triggers more conservative withdrawal allowances.

### Withdrawal Control Logic

Withdrawals depend on the VaultLiquidity% zone:

| Zone               | VL% Range | Withdrawal Allowance       | Settlement Fee           |
| ------------------ | --------- | -------------------------- | ------------------------ |
| **Normal Zone**    | ≥ 30%     | 100% of user stake allowed | 0%                       |
| **Warning Zone**   | 20–29%    | 100% of user stake allowed | 2% flat                  |
| **Stress Zone**    | 10–19%    | 50% of user stake allowed  | 5–10% (scales)           |
| **Critical Zone**  | 5–9%      | 25% of user stake allowed  | 15% flat                 |
| **Emergency Stop** | < 5%      | Withdrawals suspended      | Governance vote required |

* Proportional withdrawal caps ensure fairness during liquidity strain.
* Dynamic settlement fees discourage destabilizing mass exits.

### Dynamic Settlement Fee

When VaultLiquidity% falls below the **Critical Liquidity Threshold (CLT = 30%)**, a settlement fee applies:

$$
Fee(VL%) = \min \left( F\_{max}, f(VL%) \right)
$$

Where:

$$
F\_{max} = \text{maximum emergency fee (15%)}
$$

$$
f(VL%) = \text{scaling function (5–10%) in the Stress Zone}
$$

### Dynamic Settlement Fee in Stress Zone

In the **Stress Zone (10–19% VaultLiquidity%)**, withdrawals are capped at 50% and the settlement fee **scales linearly** from **5% at 19% VL%** to **10% at 10% VL%**.

Formula:

$$
Fee(VL%) = 5% + \frac{(19 - VL%)}{9} \times (10% - 5%)
$$

Where:

* At **VL% = 19% → Fee = 5%**
* At **VL% = 10% → Fee = 10%**
* Values in between scale proportionally

This makes it completely transparent how fees are applied within the Stress Zone.

### Recovery Loop

Withdrawal restrictions are **automatically lifted** once:

$$
CAR \geq 1.25 \quad \text{and} \quad VaultLiquidity% \geq 30%
$$

At this point:

* Withdrawal caps = removed
* Settlement fees = reset to 0%

### Governance & Transparency

* **Thresholds** (CLT, FmaxF\_{max}Fmax​, CAR triggers) are **hard-coded governance parameters**.
* A real-time **dashboard** displays:
  * VaultLiquidity%
  * CAR
  * Current withdrawal rules

Users always know exactly what conditions apply.

### Click Token Discounts, Staking & Vault Boosts&#x20;

Traders can reduce fees by paying in **Click Token (CLK)**.

* **25% discount** → Pay fees in Click tokens.
* **35% discount** → Stake Click + pay in Click.
* **50% discount** → Stake Click + participate in ClickVault + pay in Click.

Staking CLICK or stablecoins in the **ClickVault** unlocks **extra discounts + boosted APY**.

<table><thead><tr><th width="164" align="center">Lock-up Period</th><th width="248">Boosted Stakers (Vault + Click)</th><th width="153">Minimum Stake</th><th>Non-Boosted Staker (Vault or Click)</th><th>Minimum Stake</th><th width="198">Commission Discount (Paid in Click)</th><th>Auto Compounded</th></tr></thead><tbody><tr><td align="center">Flexible</td><td>50% of baseline APY</td><td>$500 CLICK + $2,000 Vault</td><td>25% of baseline APY</td><td>$250 CLICK or $1,000 Vault</td><td>25%</td><td>No</td></tr><tr><td align="center">7 Days</td><td>70% of baseline APY</td><td>$500 CLICK + $2,000 Vault</td><td>35% of baseline APY</td><td>$250 CLICK or $1,000 Vault</td><td>35%</td><td>Yes</td></tr><tr><td align="center">30 Days</td><td>100% of baseline APY</td><td>$500 CLICK + $2,000 Vault</td><td>50% of baseline APY</td><td>$250 CLICK or $1,000 Vault</td><td>45%</td><td>Yes</td></tr></tbody></table>

#### Formula:

$$
DiscountedFee = Fee \times (1 - DiscountRate)
$$

### Example

* User stakes **5,000 Click (30D lock, Auto-Restake ON)**.
* Deposits **10,000 USDT** into ClickVault.
* Pays trading fees in Click.

Results:

* Trading commissions reduced by **50%**.
* Vault yield boosted by staking multiplier.
* Rewards distributed in both **Click** (staking) and **USDT** (Vault share).
* Rewards auto-compounded at each 30D cycle until user disables Auto-Restake.
* If VaultLiquidity% < CLT, withdrawals capped proportionally and settlement fee may apply.

### Transparency

All staking and Vault metrics are published in real time via the **Transparency Dashboard**, including:

* Vault Liquidity %
* Capital Adequacy Ratio (CAR)
* CLT enforcement status
* Settlement Fees (if active)
* User reward history (Click + Vault share)


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