Stake
Staking is the act of participating in the network to strengthen the operation and security of the network. Under conditions, the network's assets are frozen and and users get compensated for this.
Introduction
Lemonade has prepared a variety of staking products as a reward for the participation of Ledgis coin holders in the network. The principle of reward is determined by governance voting and it applies equally to all users. Transaction details will also be transparently disclosed. *Governance policies are being organized. (As of 2022-03-07)
Staking Products
Users can stake with 3 different options.
No vesting, fixed-income product It is a product that can be staked without any limitation of the staking period. Even if you stake just for one day, you will receive a fixed interest rate of 10% per year. However, please note that unstaking within 24 hours is impossible.
1 month vesting, fixed-income product Unstaking is not possible for 30 days after staking. Unstaking is available from the 8th day, 7 days after the end of the contract period. When unstaking, the amount of staked and the accumulated reward until the end of the contract period are summed up and paid immediately to the wallet.
1 month vesting, flexible-income product Unstaking is not possible for 30 days after staking. Unstaking is available from the 8th day, 7 days after the end of the contract period. This product will be rewarded based on a fixed interest rate of 18% per year and an additional 32% per year will be paid as reward if the price will rise or fall at maturity. At the time of unstaking (up to 50% per year), the staked amount and the accumulated reward until the end of the contract period are summed up and paid immediately to the wallet.
Rate of Return Formula
Daily LED reward = Annual rate of product / 365 days
Daily LEM reward = (LED staking amount * 0.001) * 24 hours
Note
Staked amount cannot be traded until unstaked.
Unstaking is not possible until the end of the vesting period.
How To Stake
When connecting the wallet, the amount of LED that are available for staking is displayed at the top of the stake menu. Among the staking products provided, you can easily stake by pressing "Stake" button on the product of your choice.
Click [Stake] button on the product of your choice.
Enter the amount of LED to be staked and click "Request" button. *In the case of 1 month (flexible) product, additional coin price prediction functions are provided to obtain additional reward. Just predict whether the price of Ledgis coin will rise (long) or fall (short) from the time of staking in a month and simply select the [long]/[short] button.
Staking will be completed once approved by the connected wallet.
Staking Reward
Staking reward is paid in LED and LEM based on the rate of return. LED or LEM reward obtained through staking is calculated and displayed in real time and by clicking "Receive" button, you can receive accumulated reward until the end of the contract period.
If reward is to be received before the end of the contract period, it will be recalculated from the receipt to the end of the contract period, accumulated and paid in real time.
How To Unstake
As for the product with no vesting period, unstaking is available after the 1st day of staking. As for the products with 1 month vesting period, unstaking is available starting from the 8th day after 1 month. When unstaking, the accumulated reward will be received in your wallet.
Click "Unstake" button of the product to be unstaked. *The button will be clickable from the time when unstaking is available.
Check the amount you staked and the accumulated amount of reward and click "Request" button. *Reward received in the middle of staking period is excluded from the accumulated amount and displayed.
Unstaking will be completed once approved by the connected wallet.
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