How to stake my $BAKED tokens

Terms, Requirements, and Details

Minimum stake amount: Our on-chain staking will require 25000 $BAKED tokens. You can work, provide value to the DAO and earn it or purchase tokens through secondary markets. Given the voting, participation rights, we believe 25000 $BAKED, and our current tokenomics makes sense. If you hold less than 25000 $BAKED you can try to engage in other activities with no minimum number of tokens as staking through exchanges or liquidity mining incentives (that will be released soon).
Minimum unstake amount: None. You can unstake everything at once, or just a fraction of your staked tokens, any penalties will only apply to the unstaked amount. The unstaking period has a duration of 30 days.
Eligible Participants: Any wallet with at least one stake of a minimum of 25000 $BAKED tokens is eligible to participate in all initiatives and receive protocol fees. Stakes on a single wallet are combined and multiplied. For example, if you stake 50000 $BAKED tokens you will receive proportionally double rewards, or multiple participation rights to our launchpad.
Unstaking period: A 30-day unstaking period will apply, during which no rewards will be accumulated. Tokens that are in their 30-day unstaking period won't count towards participation rights. Afterwards, you can withdraw your tokens to your wallet.
Long-term staking initiative: Initiatives & unique offerings will be announced at a later time for long-term staking participants- Stay tuned :) The DAO will vote about the duration of long-term staking.
Staking frequency: Any wallet can stake as many times as they would like. Each stake is unique — you can have a mix of short (undefined period) and long-term stakes if you wish.
Unstake penalties: No unstake penalties - other than losing protocol fees distribution and no whitelist to different offerings

PreviousStaking & DAO Participation Eligibility NextHow to stake $BAKED on Ethereum

Last updated 3 years ago

How to stake my $BAKED tokens

Terms, Requirements, and Details

Minimum stake amount: Our on-chain staking will require 25000 $BAKED tokens. You can work, provide value to the DAO and earn it or purchase tokens through secondary markets. Given the voting, participation rights, we believe 25000 $BAKED, and our current tokenomics makes sense. If you hold less than 25000 $BAKED you can try to engage in other activities with no minimum number of tokens as staking through exchanges or liquidity mining incentives (that will be released soon).
Minimum unstake amount: None. You can unstake everything at once, or just a fraction of your staked tokens, any penalties will only apply to the unstaked amount. The unstaking period has a duration of 30 days.
Eligible Participants: Any wallet with at least one stake of a minimum of 25000 $BAKED tokens is eligible to participate in all initiatives and receive protocol fees. Stakes on a single wallet are combined and multiplied. For example, if you stake 50000 $BAKED tokens you will receive proportionally double rewards, or multiple participation rights to our launchpad.
Unstaking period: A 30-day unstaking period will apply, during which no rewards will be accumulated. Tokens that are in their 30-day unstaking period won't count towards participation rights. Afterwards, you can withdraw your tokens to your wallet.
Long-term staking initiative: Initiatives & unique offerings will be announced at a later time for long-term staking participants- Stay tuned :) The DAO will vote about the duration of long-term staking.
Staking frequency: Any wallet can stake as many times as they would like. Each stake is unique — you can have a mix of short (undefined period) and long-term stakes if you wish.
Unstake penalties: No unstake penalties - other than losing protocol fees distribution and no whitelist to different offerings

PreviousStaking & DAO Participation Eligibility NextHow to stake $BAKED on Ethereum

Last updated 3 years ago