🤝Yard - Stake SALTZ
Dive into the Yard: SALTZ Staking Explained
Last updated
Dive into the Yard: SALTZ Staking Explained
Last updated
Enter the Yard, the realm of long-term SALTZ holding where your commitment reaps bountiful rewards.
What's the Yard? The Yard embodies the art of staking SALTZ, locking them in to solidify and support the network. As you offer your tokens to the blockchain, you aid in forging new blocks.
Freedom in Staking: There's zero constraint on how much you can stake – from as little as 1 SALTZ to as many as you desire. With no minimum staking quantity, you have the ultimate freedom to decide your investment.
Earn Every Minute: As time ticks, your rewards pile up. Each passing minute, termed as a 'Crystical', sees a distribution of staking rewards. The longer you stake, the more you accumulate from the Yard reward pool, proportionate to all stakers in that Crystical.
Commitment Flexibility: While a 7-day lock-in amplifies your commitment, we understand the need for flexibility. Feel the urge to unstake? You're free to do so whenever you wish. Stake, support, and savor the rewards. With every Crystical, the Yard ensures your SALTZ works just as hard as you do. Dive in now and let your SALTZ flourish!
Dive into the world of SALTZ with the flexibility to choose between two distinctive staking options – Flexible Staking and Locked Staking.
Flexible Staking: Experience the freedom to stake and unstake your SALTZ tokens at your convenience, without the worry of incurring early unstaking penalties. This option provides a seamless and user-friendly approach to managing your digital assets.
Locked Staking: For those seeking greater rewards and a strategic approach, Locked Staking offers a minimum locked-in period of one week. Unlock enhanced returns, 15 times more lucrative than Flexible Staking, as you embrace the benefits of sustained commitment. With each consecutive week of staking, watch your returns grow by an additional 0.38%, making each week a step towards maximizing your gains. Choose your staking path wisely and unlock the full potential of your SALTZ holdings.
Important Note: Early Unstaking Penalty in Locked Staking
In Locked Staking, where strategic commitment reaps substantial rewards, it's crucial to note that the minimum locked-in period is one week. However, should a user choose to unstake their SALTZ tokens within the initial seven days, a 1% early unstaking penalty will be applied.
For instance; if 100 users have staked SALTZ, the rewards from Staking reward vault will get equally distributed to all the 100 stakers in every crystical cycle.
i.e., If the staking reward pool has 500 SALTZ and the number of stakers is 100, then
Rewards per crystical (for 100 stakers) = SALTZ present in staking reward vault / Number of stakers
in a crystical
= 500 / 100
= 5 SALTZ
Therefore, each staker of SALTZ will receive 5 SALTZ in that crystical.
If the number of users who have staked SALTZ changes to 120 the next minute, the rewards from Staking reward vault will get evenly distributed to all the 120 stakers in a crystical.
i.e., If the staking reward pool has 700 SALTZ and the number of stakers is 120, then
Rewards per crystical(for stakers) = SALTZ present in staking reward vault / Number of stakers in a crystical
= 700 / 120
= 5.833 SALTZ
Therefore, each staker of SALTZ will receive 5.833 SALTZ in that crystical.
Users can claim their staking rewards by visiting SALTZ official webpage (saltz.io), and clicking on the redeem button under Yard section, and the rewards will be transferred to the user’s wallet.Users can also reinvest the redeemed amount and earn more commissions on its behalf.
