CHEEZ Token

This section details the mechanisms of the Cheez token. Cheez is an ERC-20 token that exists on the Harmony blockchain.

All Cheese Game official contracts and links found here

Bonding

Users can mint Cheez at a discount or premium to market price by providing CHEEZ/DAI LP tokens, DAI, or USDC. CHEEZ that is purchased via bonding will vest linearly over a 5 day period.

Staking

CHEEZ can be staked for a variable APY in the form of rebasing. Users exchange CHEEZ for sCHEEZ, which rebases every 8 hours, providing an option to earn yield that automatically compounds at no extra gas cost.

Staking warmups

In order to prevent malicious users from gaming the rebase, we have imposed a two rebase warmup period, wherein your cheez is staked and locked, still earning yield. After this period is over, you can add your warmup to your staked balance.

A user can forfeit their rewards to exit the warmup period early, but they will only receive their initial deposit of cheez back.

How to Buy Cheese Directly

CHEEZ can be bought on either the open market through the CHEEZ/DAI liquidity pool on SushiSwap, or by buying CHEEZ directly from the protocol through bonding.