After connecting your wallet and selecting a pool, you can stake your $PROPC tokens on the Propchain dApp.
Step 1: Visit the official staking platform of Propchain.
Step 2: Connect Your Wallet in order to begin staking (to learn about how to connect your wallet click here). After connecting, make sure that the dashboard correctly identifies your $PROPC tokens in your wallet.
Step 3: Explore the three staking pools available: long-term, mid-term, and short-term. Each pool offers different annual percentage yields (APY) and staking durations. The longer you stake, the higher the APY.
Take note of the lock duration and the associated penalty for early withdrawal.
Step 4: Set a spending cap and be prepared to pay gas fees for the transaction. After confirming, you’ll receive a deposit success message, indicating the staked amount and promised APY. The dashboard will update to reflect your staked tokens and the Total Value Locked (TVL).
Step 5: After the respective staking period is over, you can claim your rewards which will then be added to your portfolio. Remember, the lock timer must reach its end before withdrawing without incurring a penalty.
Additional Tips and Considerations:
Each staking transaction is treated individually, with its own penalty structure.
Be aware that staking in different pools won’t affect the long-term pool’s timer or penalty.
Keep an eye on your portfolio to track your staking rewards and overall progress.
💡Do note with each time you use the Ethereum Network you need to pay gas fees.
Frequently Asked Questions (F.A.Q)
What is the APY (Annual Percentage Yield) of each pool?
-Long term pool (2 years): 20% APY
-Mid term pool (1 years): 13% APY
-Short term pool (6 months): 5% APY
How does the lock period and penalty work?
Every staking pool has a designated period of time during which you cannot unstake your tokens without incurring any penalties. When you enter a pool, a timer starts, lasting from 6 months to 2 years based on the chosen pool. To avoid penalties, you must remain in the pool until the timer expires. Withdrawing tokens before the timer ends will result in a penalty.
Penalty amounts:
-Long-term pool (2 years): 10% penalty for unstaking before the timer ends.
-Mid-term pool (1 year): 5% penalty for unstaking before the timer ends.
-Short-term pool (6 months): 2% penalty for unstaking before the timer ends.
The penalty for early withdrawal will decrease linearly the longer you stay in the staking pool.
Can I stake in multiple pools?
Yes, you can stake in multiple pools. Each pool has its own independent timer, APY and penalty. Staking or unstaking in one pool will not affect other pools.
Will staking more $PROPC in the same pool extend my lock period?
Each staking transaction is treated individually, with its own penalty structure and lock period.
Will a partial withdrawal of my staked $PROPC extend my lock period?
Yes, making a partial withdrawal from your staked $PROPC will reset the lock period.
Do I need to pay gas fees for staking, unstaking or claiming rewards?
Yes, gas fees apply for staking, unstaking, and claiming rewards.
Can I stake my vested tokens or can I allocate a part of my vested tokens for staking?
No, vested tokens can’t be allocated for staking in any of the pools.
Is there a minimum amount for staking in any of the pools?
No, there is no minimum amount of tokens for staking.
Which part of the tokens can be staked?
Only the UNLOCKED tokens can be staked through our dApp (platform).