Staking
Last updated
Last updated
To help projects launch, DefiPlaza is offering Staking-as-a-Service free of charge to projects that have a liquidity pool on DefiPlaza. A when adding or removing stake or depositing rewards to the staking component.
To set up staking for your token we need to create the staking component first and then connect it to your token. We will also help you set up the right metadata so it shows up in the wallet's transaction preview as part of your project.
We even offer an easy to use widget that you can include in your website, with a few themes to integrate it as nicely as possible.
To add staking to your token, find your token on and click the Info button. You might have to page through several pages, since we haven't added a search function yet. (Coming soon).
On your token page, you select Owner Tools, and then click Staking. The wizard will guide you through setting up staking for your token.
To set up staking for your token we need to create the staking component first and then connect it to your token. The wizard will also help you set up the right metadata so it shows up in the wallet's transaction preview as part of your project.
Please read the depositing rewards section to understand how (and how not) to deposit your staking rewards.
DefiPlaza does not automatically deposit the rewards for you every week. So instead of depositing all rewards at the start of the staking, you will have to deposit the weekly rewards, every week by going to the Owner Tools and select Staking Deposit.
Do not deposit all rewards upfront! You will have to deposit them every week (or which interval you choose when creating the staking) by hand. To help you, we already set the correct amount in the input field.
Example Let's say you want to share 200 tokens per week with the users who stake your tokens. Instead of depositing 10400 tokens at the start of each year, you will have to go DefiPlaza and deposit 200 tokens every week by signing a transaction.
I deposit all my rewards at the start If you have deposited all your rewards at the beginning, you can get them back by unstaking your staked tokens. When you created the staking component, you received 1 staked token in return. That 1 staked token is now worth all the rewards that you deposited. By removing that token you will get the rewards back and you can then start depositing them on a weekly basis.
If you have deposited all your rewards after other people staked as well, you unfortunately have given those people a lot of rewards and you can't get them back. You could postpone depositing the weekly rewards for a while. Unfortunately, DefiPlaza can also not get those tokens back for you, so be careful and double check what you are doing.
DefiPlaza does not charge a recurring subsscription fee to use the Staking feature of Launchplaza, but has added small royalty fees to (un)staking and de[ositing rewards.
Every time a user stakes or unstakes it's token, a $0,10 royalty fee is charged to the user in XRD. This fee is paid as part of the transaction fee.
When staking rewards are deposited into the contract a $0,50 royalty fee is charged in XRD. This fee is paid as part of the transaction fee.