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
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).
Last modified 2mo ago