Staking Rewards

Understanding the Claiming Process

We want to clarify the mechanics of the staking rewards system, addressing common misconceptions regarding reward accumulation and the claiming process.

Reward Accumulation

The rewards displayed on the dApp staking page are not stored or reserved in a database. Instead, they are indicative values that reflect your potential earnings.

The act of claiming is crucial; until you actively claim your rewards, they are not guaranteed to you. This process is essential!

Regular Claims Recommended: It is advisable to claim your rewards on a weekly or monthly basis rather than allowing them to accumulate over extended periods. Waiting months or longer can pose risks, as the dynamic nature of the crypto space means that unforeseen events can occur.

Incase of new staking contract

With the transition from the current staking pool to a new contract address, all previously accumulated rewards will reset. This means that any rewards you thought you had accrued will no longer be accessible if they were not claimed before the transition.

There is no data retention for previously accumulated rewards, therefore, users must act promptly to secure their tokens.

Recommendations

• Claim Regularly: Users are encouraged to claim their rewards frequently to avoid any potential loss of tokens.

• Stay Informed: Regularly check the Telegram channels and remain updated on any changes to the contract or claiming process.

The info explained on this page can be implemented on any staking platform, token + NFT.