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What Is Staking?
Staking is a way for you to earn rewards by committing your PSQR tokens to the staking pool. When you stake your tokens, they are locked for a specific period, during which you earn rewards in PSQR. This process supports the token’s ecosystem by encouraging long-term holding and participation.
How to Stake PSQR
- Connect Your Wallet:
- Make sure you have a compatible wallet with PSQR tokens available (e.g., Phantom or Solflare).
- Connect your wallet to the staking platform.
- Choose Your Staking Duration:
- Select the staking duration that suits you:
- 1 week: Base rewards with a 1x multiplier.
- 2 months: Enhanced rewards with a 2x multiplier.
- Remember, the longer the staking duration, the higher your potential rewards.
- Select the staking duration that suits you:
- Stake Your Tokens:
- Enter the amount of PSQR you want to stake.
- Confirm your staking transaction in your wallet.
- Earn Rewards:
- Your staked tokens will earn rewards daily based on the staking duration and multiplier.
- Unstake Tokens:
- Once the staking duration ends, your staked tokens and rewards will be available for withdrawal.
- You cannot unstake your tokens before the selected duration ends.
- Let’s Start Staking
Important Notes
- Rewards Pool Limit:
- The staking rewards are funded by a limited pool of PSQR tokens. If the pool runs out of tokens, rewards will stop accruing.
- As the pool creator, we reserve the right to cancel the staking program if the reward pool is depleted or for any other reason.
- Transparency in Cancellations:
- If the staking program is canceled, all staked tokens will remain locked until the chosen staking durations end. You will still be able to claim rewards accrued before cancellation.
- Why Stake PSQR?
- Earn rewards while holding PSQR.
- Support the growth of the PSQR ecosystem.
- Benefit from higher rewards with longer staking durations.
If you have questions about staking or need assistance, feel free to reach out to our team!