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Staking Pools

How Staking Works

Staking tokens to earn other tokens is one of the many ways the ApeBond platform rewards users. When a user "stakes" a token, the token goes from being in the custody of that user in their wallet, to being in the custody of the protocol's smart contracts. The protocol, in return for this temporary commitment of capital, provides rewards in the form of additional tokens, either of the same type as the staked token, or of a different token.
ApeBond's staking options are designed to maximize stakeholder earnings with minimal fees to the protocol.

Using Staking Pools

Single-asset Staking Pools are the simplest method of earning returns on your tokens. Users only need one type of token to utilize a Staking Pool, which offers returns in another token.
Each Staking Pool has an input token, and a reward token.
For example, consider the "Stake GNANA, Earn BNB" staking pool. The input token for this pool is GNANA, and the reward token is BNB. This pool allows users to stake any amount of GNANA tokens from their wallet, and the user is paid BNB tokens as a reward.
A few important things to note about ApeBond's Staking Pools:
  1. 1.
    You can stake as many tokens as you want.
  2. 2.
    You can unstake some or all of your tokens at any time.
  3. 3.
    Rewards are accumulated on each block.
  4. 4.
    Rewards are not auto-compounded back to the Staking Pool.
  5. 5.
    You can harvest the rewards at any time, or add them back to the staking pool to increase your return.

Earning Rewards

On the Staking Pools page, you'll see an APR listed next to each pool. This is the amount of reward tokens that will accrue while your input tokens are staked, expressed as a percentage of the amount of staked input tokens, calculated at current rates.
NOTE: APRs are constantly changing as a result of fluctuations in token price, pool size, and other factors. Listed APRs only provide a real-time snapshot of those factors, and are subject to change daily. They DO NOT account for the effects of compounding (re-staking earned reward tokens back as input tokens).
If all other factors remain the same, the more input tokens you stake into a pool and/or the longer you leave them staked, the more reward tokens you could earn.

Harvesting Rewards

Users can harvest reward tokens out of a Staking Pool at any time by selecting "Harvest". This will send the earned tokens back to your wallet without re-staking them into the pool. The staked balance will remain in the smart contract.

Withdrawing Tokens

Users are allowed to remove their assets from the pools at any time. To withdraw from a pool, press the Minus (-) button next to the Staked amount. You can select to withdraw either a portion of the staked amount, or the entire balance.

Staking Pools APR Factors

Staking Pool APRs are determined by three primary factors: the price of the input token, the price of the reward token, and the amount of input tokens in the pool. Let's look at how changes to these three factors affect the APR of a Staking Pool.
  • If the price of the input token increases, the APR will decrease, because each input token is worth relatively fewer reward tokens.
  • If the price of the input token decreases, the APR will increase, because each input token is worth relatively more reward tokens.
  • If the price of the reward token increases, the APR will increase, because the total value of the reward tokens received for the same number of input tokens has increased.
  • If the price of the reward token decreases, the APR will decrease, because the total value of the reward tokens received for the same number of input tokens has decreased.
  • If the number of input tokens staked in a Staking Pool increases, the APR will decrease, because the same amount of reward tokens are distributed against more input tokens.
  • If the number of input tokens staked in a Staking Pool decreases, the APR will increase, because the same amount of reward tokens are distributed against fewer input tokens.
Continue to the next page to learn How to Stake Tokens.