📈Staking
Staking Rewards
PALM & PLP can be staked to earn a share of fees as rewards. The rewards share is based on the total sum of PALM and PLP that is staked.
Stake PLP to earn 60% of Trading fees in USDT
Stake PALM to earn 30% of Trading fees in USDT
Further benefits in the future will be:
Receive a discount on trading fees
Increase affiliate commissions from the referral program
Participation in Palm Pad projects
Distribution Rate
APRs are updated weekly on Thursday based on the fees collected that week. Rewards are distributed every second to staked tokens.
Withdraw and Claim
Withdraw: After submitting a withdrawal, stakers will receive their tokens immediately. There is no cool-down period.
Claim: Rewards can be claimed every time also without a cool-down or lock period.
How to stake PALM or PLP
PLP tokens are automatically staked after they are purchased/minted and can be burned/sold at any time to unstake the tokens. Read Liquidity Providing to buy PLP.
To stake PALM tokens a few steps have to be done:
Go to the page Coming soon
Click on Enable PALM
Click on "+Stake" and enter the Amount you want to stake
Confirm the transaction
To unstake PALM tokens you have to click on the "-" button. The rest of the steps are the same as explained above.
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