Staking enables users to commit tokens for a specified duration of time, and earn rewards based on the staking interest and bonus rate.
To participate in a staking pool, visit the pool page, connect your wallet and click on “stake”. You will be required to enter your desired amount as well as the lock duration. The pool issues a claim to you, which you can redeem once your lock period expires. You will receive your initial contribution, including interest and bonuses accumulated depending on your selected staking duration.
To create a staking pool for a token, connect your wallet and click on “new pool” under wallet actions. You can specify the token, the minimum and maximum staking time and amount, as well as the yearly interest and bonus rate. After you create the pool, deposit reward tokens to it so that other users can lock tokens and receive rewards once their staking claim unlocks.
Staking pools allow creators to reward holders for locking (staking) their tokens for a definite period. After the period passes, the participant can unlock their staked tokens and receive an additional reward from the deposited rewards, based on the specified yearly interest rate and yearly interest bonus.
Use Case: Rewarding holders of a fungible token with a certain APY and bonus rate for committing their holding by locking tokens
A creator creates a staking pool with a specific yearly APY rate and an optional bonus percentage. Optionally, a minimum/maximum amount and locking time may be set. After the pool is created, the creator deposits tokens as reward payouts. Any holder of the pool token can lock and commit their tokens for a reward payout based on staking time and APY, and bonus rate. Once the staking period passes, the participant can unlock their tokens and receive their initial stake, including the interest rate as defined by the pool.
Stake tokens by locking them for a specific time.
Min/max amount valid,
Min/max time valid
Token transfer from sender to pool,
Staking claim from pool to sender
Amount - Staking amount
Unlocks - Datetime until which the amount will be locked
Claim back the initial stake, including rewards accumulated during the staking period.
Active staking claim
Token transfer from pool to sender (with rewards)
Claim - Claim hash
Withdraws reward tokens as creator or deposited tokens as a participant (but without rewards).
Active staking claim
Token transfer from pool to sender (without rewards)
Claim - Deposit claim hash
Percentage - Percentage to withdraw (defaults to 1 equivalent to 100%)
Create a staking pool with a specific APY rate and bonus percentage.
Token - Pool token to be staked and paid as rewards
Rate - The yearly APY rate
Percentage - A bonus percentage, paid additional to the annual APY rate for one year of holding
MinAmount - Minimum staking amount
MaxAmount - Maximum staking amount
MinTime - Minimum staking time in seconds
MaxTime - Maximum staking time in seconds
TransfersLimit - Maximum number of transfers to the staking pool
Expires - Datetime when the staking pool expires and is not accepting new participants
Deposit reward tokens to the staking pool.
Token transfer from sender to pool
Amount - Amount to be deposited as rewards
Unlocks - Lock time of the reward token claim