The Basics

A collection of basic information regarding Verio. All users should be familiar with these topics before interacting with the protocol.

How does Verio work?

Verio is the liquid staking and IP asset re-staking platform for Story. Users stake IP through Verio to receive vIP, a yield-bearing token representing their stake. Users can then re-stake vIP on IP assets to earn additional yield and help govern the Story IP ecosystem.

What is Liquid Staking?

Liquid staking lets you stake IP tokens while staying liquid by receiving a yield-bearing tradeable derivative, vIP. Users can then use vIP in DeFi and IPFi applications (e.g. re-stake vIP on IP assets).

What is IP Asset Re-staking?

Re-staking on IP Assets allows users to earn additional yield. Users stake vIP on IP assets to signal legitimacy and value, helping Story to protect and facilitate the adoption of the trillion-dollar IP industry.

Is Verio Safe?

There is always slashing risk when staking with validators. However, Verio offsets this risk by maintaining a diverse set of delegations across many validators. There is also price risk, since DEXes may have different vIP : IP exchange rates. This can be good for users though as it offers a quicker and more efficient path to converting their vIP back to native IP without the overhead of unstaking. Finally, there is opportunity cost. If users elect to unstake instead of swapping vIP for IP, they will be subject to an unbonding period (14 days) before they can withdraw.