💲Staking
Staking is a pivotal feature in the Frugs ecosystem, designed to reward loyal holders while reinforcing the stability and value of the token. By staking Frugs, users can earn rewards over time, participate in governance decisions, and contribute to the security and growth of the Frugs ecosystem.
How Staking Works
Staking Pools: Frugs will offer several staking pools with varying durations and reward rates. Users can choose to lock their Frugs in these pools to earn staking rewards. The longer the staking duration, the higher the reward rate. One of the most attractive pools offers a high APY for a shorter duration.
Reward Mechanism: Rewards are distributed in Frugs and are calculated based on the amount of Frugs staked, the staking duration, and the pool's total staking balance. The reward distribution follows a proportional model, ensuring fairness among all participants. Notably, the high APY pool offers significant returns within just 20 days, ideal for those looking for a quick, lucrative staking experience.
Unstaking: Users can unstake their Frugs at any time after the minimum staking period. However, early unstaking before the staking period ends may incur a penalty, which will be redistributed to other stakers within the pool.
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