Overview
Staking serves a function of generating yield from LIFT token supply by leveraging the vast resources of the platform as well as allows access to Uplift IDO
Last updated
Staking serves a function of generating yield from LIFT token supply by leveraging the vast resources of the platform as well as allows access to Uplift IDO
Last updated
Staking LIFT provides opportunities to:
Get access to the low-rate exclusive IDO rounds.
Gain and exercise leverage in the platform governance.
Signal affinity to the most disruptive projects. Participate in a lucrative booster program based on the amount staked, length of staking, as well as for referring other stakers to the platform.
There is a 0 option: a stake can be unstaked at any time without exit fee. However, the booster for such stake is 0%.
Staking Exit Fee
A 5% staking fee is applied to the user's stake (but not to the rewards) when a user exists before the due time. Time multiplier is attributed proportionally to the time spent in the pool. Difference between calculated rewards and rewards calculated due to a new time of exit are sent back to the emission.
The amount of staking fee is equally distributed between the parent and grandparent referrers (each receives 2.5 %). In such a way, the funds are channeled into the referral program.
If there is no parent or grandparent, the amount will be sent to the emission contract.
Example:
When a user having staked 100 LIFT exits before the due time, 5 LIFT constituting 5% of the amount staked goes to their parent and grandparent, respectively (each one receiving 2.5 LIFT).
