Rewards backed by a deposit.
Sponsors fund an incentive with a specific reward token, Cook pool, start time, end time and refund address. The full reward budget is transferred into the Cook staker. Rewards are not a guaranteed APY.
To stake, enter a Cook position NFT matching that pool. The NFT is deposited into the staker, which records you as the deposit owner; a second transaction joins the chosen incentive. If that second transaction fails, your NFT remains recoverable from Positions provided it has no active stakes.
Unstake to crystallize rewards, then claim the accrued balance. After exiting every incentive, return the NFT to your wallet from Positions. Rewards depend on the protocol’s in-range time and liquidity accounting. Unused incentive funds can be refunded after the incentive ends and every stake has been removed.