👩🌾$ESE Staking Mechanism
The $ESE Token: Enhancing Utility and Value
The $ESE token introduces a dual staking mechanism designed to enhance its utility and encourage holders to engage more deeply with the platform. By incentivizing users to stake their tokens, we aim to foster a healthier token economy and potentially reduce market volatility.
Flexible and Locked Staking: Catering to Diverse Preferences
eesee platform offers two distinct staking options to accommodate the varying preferences of our community:
"Flexible Staking" - This user-friendly option allows you to stake $ESE tokens with the freedom to withdraw at any time, along with the rewards you've accumulated.
"Locked Staking" - For those committed to the long haul, locked staking secures your $ESE tokens for a selected period of time, offering a higher yield as a reward for your dedication. Once the period concludes, you can access both your initial stake and the rewards earned. Please note: In an event where eesee team reduces the Reward Rates for the Locked Scheme, existing stakers will be able to withdraw their tokens immediately without waiting time for the locked stake duration to end.
NOTE - LOCKED STAKING
Please note, the duration of this lock-in period and associated reward rates are subject to change, as per our team's discretion. In the event of any adjustments, these changes will apply only to new deposits made after the adjustments.
For example, if an initial 90-day period is extended to 100 days, and you make a new deposit following this change, your entire deposit (including any previous deposit) will now be locked for the new 100-day period.
However, if you don't make any new deposits, your existing deposits can still be withdrawn after the initial 90-day period.
APR: Your Yield, Quantified
APR, or Annualized Percentage Rate, represents the expected yield on your staked tokens. The rate varies depending on whether you choose flexible or locked staking, and is further influenced by your tier within the eesee ecosystem.
Last updated