Staking
Last updated
Last updated
The Produce AI staking platform, where users can now lock in their $PRAI tokens for a minimum of 14 days. This not only contributes to the stability of the platform but also allows participants to earn a share of the revenue generated from containers. With a focus on simplicity, our platform facilitates easy staking and unstaking with just a few clicks, providing users with a user-friendly experience. Stakers can enjoy a reliable passive income through regular profit-sharing.
Stake $PRAI, Earn ETH: By staking your $PRAI tokens, you can earn Ethereum, a portion of the revenue generated by the containers.
Compounding: Witness the power of compounding as your earnings can be reinvested into the project, triggering a buyback of $PRAI tokens with the acquired ETH.
Flexible Staking: Our platform offers a short lock-in period, granting users the flexibility to unstake at any time. This design ensures a smooth and equitable staking experience.
Seize the opportunity to stake your $PRAI and be part of this unique chance to grow with a business that is recession-proof.
In order to qualify for staking, two conditions must be met. 1) You have staked for a total of 14 days consecutively and 2) you have tokens staked at the time of distribution.
If you buy additional tokens 1 day before distribution and stake them, your reward will be calculated based on what is staked by that address at the time of distribution. It may not be worth it in the end to buy additional tokens just to stake and then unstake a certain portion after claiming the reward considering the gas fees, but to each your own.
A stake/unstake won't extend the lock duration either, unless you don't have any staked tokens anymore (or just not had them in the first place). Put simply, your lock will only be extended by 14 days if you unstake everything/never staked before.
You will not be able to access rewards until the 14 day lock up period is complete. For example, if nothing is staked you stake 5 days before the distribution date, you will qualify for rewards but you will not be able to compound or withdraw until the full 14 day lockup condition is met.
If rewards have been distributed and you decide to do nothing (claim/compound) your rewards will accumulate. However, if rewards are distributed and you decide to stake additional tokens or unstake a portion of the tokens, it will trigger an auto-claim of the ETH earned.
We will always distribute rewards in ETH. Time of distribution will occur according to UTC -5 and we have not determined the best time and would like to remain flexible to avoid high transaction fees but we will always distribute on that day.
