🧭Staking

Benefits of Staking $Book Tokens:

Bookpad ($Book) holders enjoy various advantages through token staking, including:

Access to Sales (Private)

Participation in Governance

Eligibility for Airdrops

Staking $Book tokens on the staking page yields rewards, where a percentage of revenues is allocated for buybacks and distribution among stakers.

Staked $Book tokens typically require a 1-week period to un-stake and become claimable. Once the un-staking process begins, tokens are gradually unlocked over the course of a week. During this period, no yield is generated, and the tokens cannot be used for any actions.

Alternatively, users have the choice of instant withdrawal, but it incurs a penalty of 20%. This penalty represents a fee deducted from the staked $Book token amount.

The fee collected is contributed to the DAO revenue, utilized to reward remaining stakers.

The staking Annual Percentage Yield (APY) displays last week's APY and cumulative APY (year-to-date). However, the APY is indicative due to various factors and may not reflect future performance.