Staking Mechanism

Staking $CRE8 typically would work as follows:

Users lock up a certain amount of $CRE8 in a staking contract for a period (could be flexible or fixed term).
In return, they receive staking rewards, which might be distributed in $CRE8 (inflationary tokens or from a reward pool) or in a portion of platform fees (e.g., in USDC or other tokens, which is then often converted to $CRE8).
Some platforms give tiered benefits for stakers: e.g., staking more $CRE8 might elevate a user to a higher tier with perks like priority listing placement for sellers, or higher referral bonuses, etc.
Staked $CRE8 could also grant governance power (often, voting weight is proportional to stake).
There might be a cooling period for unstaking (to prevent abuse or quick withdrawal before governance votes, etc.), e.g., 7 days unstaking delay.

Last updated 3 days ago

Staking $CRE8 typically would work as follows:

Users lock up a certain amount of $CRE8 in a staking contract for a period (could be flexible or fixed term).
In return, they receive staking rewards, which might be distributed in $CRE8 (inflationary tokens or from a reward pool) or in a portion of platform fees (e.g., in USDC or other tokens, which is then often converted to $CRE8).
Some platforms give tiered benefits for stakers: e.g., staking more $CRE8 might elevate a user to a higher tier with perks like priority listing placement for sellers, or higher referral bonuses, etc.
Staked $CRE8 could also grant governance power (often, voting weight is proportional to stake).
There might be a cooling period for unstaking (to prevent abuse or quick withdrawal before governance votes, etc.), e.g., 7 days unstaking delay.

Last updated 3 days ago