sIR

Key properties summary

Token: sIR Underlying asset: IR Standard: ERC4626 Yield type: Auto-compounding (share price) Withdrawal delay: Fixed (default 7 days) Rebasing: No

Overview

sIR is Infrared’s staking receipt token for IR.

When users stake IR into the Infrared staking contract, they receive sIR, which represents their proportional ownership of the staking vault. sIR accrues value over time as protocol revenue is converted into IR and added to the vault.

sIR is implemented via StakedIR, an ERC4626 based vault with a fixed withdrawal delay.

sIR is not a rebasing token. Yield accrues through share price appreciation, not balance changes.

How sIR works

Staking IR

• Users deposit IR into the StakedIR vault
• The vault mints sIR at the current share price
• sIR represents a claim on a proportional share of the vault

On-chain action

deposit(IR_amount, receiver)

Yield & rewards

Protocol revenue is converted into IR by Infrared

• Converted IR is added to the vault’s total assets
• No new sIR is minted
• Yield increases the IR-per-sIR share price

This means:

Your sIR balance stays the same, but each sIR becomes redeemable for more IR over time.

Unstaking & withdrawals

Infrared uses a delayed withdrawal model to ensure predictable settlement and protocol safety. User requests withdrawal sIR is burned immediately

A withdrawal ticket is created containing:

• Fixed IR amount
• Unlock timestamp (seven days cooldown)
• Receiver address

Once unlocked, IR becomes claimable

This model ensures:

• Clear expectations on liquidity
• No surprise slashing or variable delays
• On-chain reservation of funds

Why sIR wxists

sIR aligns long-term IR holders with protocol health by:

• Rewarding participation via protocol revenue
• Providing transparent, non-inflationary yield mechanics
• Avoiding complex per-user reward accounting