What is scORAI?

Orchai is a Decentralized Finance (DeFi) liquidity market protocol, built on Oraichain. The Orchai protocol consists of Orchai Liquid Staking and Orchai Money Market:

• The Orchai Liquid Staking protocol is a liquid staking solution that tokenizes staked ORAI called sAssets, to grant users the ability to utilize the yield-bearing asset within Decentralized Finance applications
• The Orchai Money Market protocol defines a money market between lenders, providing liquidity to the protocol to earn yield, while borrowers mortgage sAssets to be able to borrow assets.

In Orchai, users can choose the scORAI as the tokenized representation of ORAI after staking in the Orchai protocol. In scORAI mechanism, the rewards earned from staking will be automatically re-staked to earn compound rewards. The rewards in this mechanism can only be withdrawn by unstaking scORAI, which takes a minimum of 14 days to process.