> For the complete documentation index, see [llms.txt](https://docs.noon.capital/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.noon.capital/4.-usdnoon/the-staking-framework/mechanics-open-stake.md).

# Mechanics: Open Stake

Permissionless Staking, Compounding Rollovers, and Shared Governance.

Open Stake allows any <mark style="color:violet;">**$NOON**</mark> holder, whether tokens were bought on secondary markets, received via distributions, or unlocked from previous staking cycles, to participate fully in protocol yield and governance.

## <mark style="color:$primary;">TL;DR</mark> <a href="#tl-dr" id="tl-dr"></a>

* **Open Accessibility:** Any <mark style="color:violet;">**$NOON**</mark> token can enter Open Stake.
* **Monthly Queue:** Stake requests placed during the month activate on the 1st of the following month.
* **Compounding Pool:** The Open Stake reward pool grows continuously through rule-based rollovers from forfeited and unvested tokens across the protocol.
* **Full Reward Vesting at 12 Months:** Staking for 12+ months vests 100% of allocated pool rewards.
* **Strict Early Exit Rule:** Unstaking early forfeits 100% of accrued rewards (principal <mark style="color:violet;">**$NOON**</mark> is returned in full); forfeited rewards roll into the next month's pool.
* **Voting Power:** Calculated from initial staked **$NOON** across the 48-month voting curve.

## <mark style="color:$primary;">1. The Rollover-Boosted Reward Engine</mark>

Unlike Active Stake (which allocates based on ASP), Open Stake rewards users based on their pro-rata share of the Fixed Monthly Open Stake Pool.

This pool expands continuously through four programmatic rollover streams:

<figure><img src="https://3816918787-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FL26rQzcNmiUZrCXkxkjS%2Fuploads%2Fp1YGRI1Mx4DHg63w2Igv%2FRolloverEngine.png?alt=media&amp;token=019f7bec-9b81-4272-b8f5-adc9cb4f9991" alt=""><figcaption><p>Figure 1. Rollover Engine</p></figcaption></figure>

## <mark style="color:$primary;">2. Two-Step Staking Execution Flow</mark>

1. **Step 1 - Stake Request Submission:** Submit a stake request in the <mark style="color:purple;">**Noon**</mark> App selecting your target <mark style="color:violet;">**$NOON**</mark> quantity and lock duration. You can modify or cancel this request at any time prior to month-end.
2. **Step 2 - Monthly Activation:** On the 1st day of the next month, your stake activates, entering the fixed pool calculation and beginning reward accrual.

## <mark style="color:$primary;">3. Early Exit Penalty</mark>

Open Stake enforces a strict, non-dilutive exit rule:

> <mark style="color:$warning;">**The Open Stake Exit Rule:**</mark> If an Open Stake position is unstaked prior to completing the selected duration, 100% of accrued rewards are forfeited. Your initial staked <mark style="color:violet;">**$NOON**</mark> principal is returned to your wallet in full, while all forfeited rewards roll directly into the next month's Open Stake pool.

This mechanic protects long-term holders by ensuring that mercenary capital cannot farm short-term yields without completing their committed lockup.

## <mark style="color:$primary;">4. Open Stake Voting Power</mark>

Voting power under Open Stake is calculated using your initial staked <mark style="color:violet;">**$NOON**</mark> principal multiplied by the 48-month voting curve:

* **Initial Lock Scaling:** A 48-month Open Stake commitment immediately grants 100% voting power weighting on your principal.
* **Early Exit Reset:** Unstaking an Open Stake position early immediately resets voting power to zero.