Staking
Staking on BeraSwap
Staking on BeraSwap is a core feature that allows users to earn passive income by locking up their $BERA tokens in the platform’s staking pools. It provides a secure and simple way for users to participate in the ecosystem while earning rewards and helping to secure the network.
What is Staking?
Staking is the process of locking up your tokens to participate in the operation and security of a blockchain network. In return, users receive rewards based on the amount of tokens staked and the length of time they are locked. On BeraSwap, staking is an essential way for users to contribute to the health of the BeraChain ecosystem while earning additional tokens.
How Staking Works on BeraSwap
Locking Up $BERA Tokens:
Users can stake their $BERA tokens in dedicated staking pools by depositing them into the BeraSwap staking contract.
Once staked, the tokens are locked for a specific period, depending on the chosen pool’s terms.
Earn Rewards:
As a reward for staking, users will receive regular payouts in $BERA tokens or other tokens supported by the ecosystem.
The amount of rewards depends on the amount of tokens staked, the duration of the staking period, and the annual percentage yield (APY) offered by the staking pool.
Flexible and Fixed Staking Options:
BeraSwap may offer both flexible and fixed-term staking options.
Flexible staking allows users to unstake their tokens at any time but with lower reward rates.
Fixed-term staking locks tokens for a specific period (e.g., 30 days, 60 days) but offers higher APYs as an incentive.
Unstaking:
After the staking period ends, or if you choose to withdraw in a flexible pool, you can unstake your tokens and any rewards earned will be automatically credited to your wallet.
Restaking for Compound Rewards:
Users can choose to restake their earned rewards back into the staking pool to maximize earnings through compound interest. This strategy is highly effective for long-term holders looking to grow their holdings over time.
Staking on BeraSwap offers a secure and rewarding way to grow your $BERA holdings while contributing to the health of the BeraChain network
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