PUN Native Staking is Finally Here: Everything You Need to Know
With the exponential growth of the blockchain gambling market, your chances of reaching making big gains are now higher than ever before! Driving this growth for you, we bring exclusive native staking on our platform with estimated rewards up to 50% of the total supply per year.
Lock, Stake, Win!
Instead of keeping your PUN tokens sitting idle in your wallet, you can now choose to lock and stake them for taking your investments to new heights. Earn according to a pre-determined percentage rate, among other benefits!
Now, you can stake or withdraw whenever you want, given that the token release conditions are met with. Harvesting rewards is also extremely easy, immediately after the rewards distribution. Here’s everything you need to know about the staking mechanism, calculations, benefits and caution.
Pools Offered:
Staking on our platform comprises two separate pools on Polygon chain — single PUN staking and PUN-USDC LP token staking, each with their own unique reward allocations. Stay tuned for what these are going to be!
Rewards Calculation:
Two contributing factors will be taken into account — you Staking Balance to get rewards in accordance to the amount you stake, and the Duration for which you stake.
Each factor is combined in 1:1 weightage to calculate rewards for each round.
Rewards Distribution:
Wait for the round period to end to get your allocated rewards. Users staking before the rewards distribution will be entitled to rewards for the round.
In case you do not withdraw the staking amount by the end of the round period, your tokens are automatically staked to the next reward round and counted for subsequent rewards. Win-Win!
There are only a few conditions that you will have to adhere to:
- If you withdraw all the staking from the contract before the rewards distribution, you will not receive any reward for that specific round. However, you are still eligible for claiming the previous round, given you participated in it. You can also participate again after withdrawal, with your previous rewards automatically harvested and a fresh calculation initiated.
- You can withdraw tokens only after the mentioned release date that you had agreed to lock your tokens for when you stake.
Examples of Rewards Distribution
Scenario 1: The Case
Before 1st reward distribution,
- If user1 stake 10 tokens on 1st December
- If user2 stake 10 tokens on 15th December
1st Reward is distributed for 100 tokens on 31st December.
Scenario 1: Summary
- User1 will get 66.6 reward tokens
- User2 will get 33.3 reward tokens
Scenario 2: The Case
Before 1st reward distributio,
- If user1 stake 10 tokens n 1st December
- If user2 stake 10 tokens on 15th December
1st Reward is distributed for 100 tokens on 31st December.
- User 1 and user 2 have the same staking amount on 1st January until 31st January
- User 3 stake 10 tokens on 1st January
- 2nd Reward is distributed for 100 tokens on 31st January.
Scenario 2: Summary
- User1 will get 66.6 reward tokens of the 1st round plus 33.3 tokens of the 2nd round
- User2 will get 33.3 reward tokens of the 1st round plus 33.3 tokens of the 2nd round
- User3 will get 0 reward tokens of the 1st round plus 33.3 tokens of the 2nd round.
Why Stake in the PUN-USDC Pool?
Let’s jump into the real rewards that you can reap! Besides obtaining free credit when providing liquidity of USDC-PUN liquidity pair on the Quickswap, you also get the PUN token reward directly when staking in our pool. You can also harvest rewards anytime after the rewards distribution, giving you the flexibility and freedom you always wanted.
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