🎯Fixed Staking
Last updated
Last updated
Fixed staking, a cornerstone of Ethernity's DeFi offerings, entails locking a portion of your ERN tokens for a designated duration to support the ERN community. In exchange, participants are rewarded with incentives in the form of additional ERN tokens.
Stakers earn incentives based on the duration for which they lock their ERN tokens. Longer lock-up periods result in larger incentive portions.
Staking Durations and Incentives:
Plan A: Staking for 90 days yields a 3% interest rate. Plan B: Opting for a 180-day lock-up period offers an 8% interest rate. Plan C: Staking for 365 days provides an 18.5% interest rate.
How to Stake Your ERN Tokens:
To start staking your ERN tokens, follow these steps:
Visit the Fixed Staking page on Ethernity DeFi Dashboard
Connect your wallet
Select the desired duration
Enter the amount of ERN tokens you wish to stake.
Review the Terms of Service and click “Agree.”
Click the “Stake” button.
Approve the transaction using your wallet.
That’s it! Your tokens are now locked, and you’ve initiated the process of staking ERN on the Ethernity DeFi Dashboard platform.
Important Details:
A 50,000 ERN incentive budget has been allocated for rewards, with no specific limits between lock-up periods. Incentives may be entirely allocated to one pool or divided based on demand, but the total rewards will not exceed 50,000 ERN.
Users with active stakes from Fixed Staking V1 can claim their rewards through a dedicated tab on our website. However, Fixed Staking V2 operates as a new staking offer, and active staking in V1 won’t affect the staking limit in V2.
Fixed Staking pools operate on a first-come, first-served basis. Once all 50,000 ERN has been reserved, further staking will not be allowed.
Redeeming your stake early incurs a 70% reduction in earned incentives (penalty fee) and involves a 5-day waiting period before claiming tokens.
Returned rewards from early redemptions can be reused by other stakers.
Minimum staking amount: 10 ERN Maximum staking amount: 25,000 ERN
