Staking
Staking is designed as a revenue-sharing mechanism with the community. It allows users to stake their $BETTY tokens and, in return, earn $BETTY and ETH as a form of revenue share.
Last updated
Staking is designed as a revenue-sharing mechanism with the community. It allows users to stake their $BETTY tokens and, in return, earn $BETTY and ETH as a form of revenue share.
Last updated
Token Staking: Users stake $BETTY tokens in the dApp.
Earning $BETTY and ETH: In return for staking $BETTY tokens, users earn $BETTY and ETH. The amount of these tokens earned as revenue share is directly proportional to several factors:
The amount of $BETTY staked by the individual.
The total number of stakers participating.
The total amount of $BETTY staked across the platform.
Locking Period: The staked $BETTY tokens are locked for a period of 30 days.
Claiming Revenue Share: Users can claim their accumulated revenue share in $BETTY and ETH at any time, independent of the locking period of their staked $BETTY tokens.
Accumulation of Rewards: The $BETTY and ETH distributed as staking rewards are accumulated from the usage of the dApp's other features by the community.
