🔒Staking

Earning Passive Rewards through Frendzi Token Staking

Cryptocurrency enthusiasts consistently seek avenues to optimize their holdings and secure passive rewards, and the Staking Protocol within the Frendzi Token ecosystem provides a promising solution.

Staking involves participants locking their Frendzi Tokens, enabling them to earn rewards based on the trading volume on decentralized exchanges such as PancakeSwap or Uniswap.

Key Features of the Frendzi Token Staking Contract:

Fee Structure: Staking your Frendzi Tokens incurs no deposit or withdrawal fees; however, users are responsible for covering their gas fees.

Flexibility: Staking is flexible, offering no lock-in period, allowing users to stake and unstake at their convenience.

Automatic Rewards: Staking rewards are automatically distributed and compounded, eliminating the need for manual claiming and reinvestment.

Upgradeability: The staking contract is upgradeable, requiring no action from users during updates, including processes like unstaking or staking.

Source and Distribution of Staking Rewards:

Staking rewards originate from on-chain trading activities within the Frendzi Token projects, and users can withdraw these rewards at their discretion. Project owners have the option to manually inject additional token/coin rewards, enhancing the distribution to stakers. Other token rewards follow a structured distribution in rounds, subject to a specified accumulation threshold, adjustable by developers. For instance, if 1 wBNB is the threshold, rewards are distributed when the reward pool accumulates 1 wBNB.

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Staking Conditions:

Unstaking or adding to one's staking pool within the initial 30 days results in a 50% loss of rewards, which are subsequently distributed among other stakers.

Understanding Frendzi Token Stake Shares (FTSS):

After staking, FT tokens are deposited into the staking contract, and users receive Frendzi Token Stake Shares (FTSS) in return. FTSS maintains a ratio that is not 1:1 and updates with each earned token reward. Total FTSS divided by Total FT determines the ratio. Transferring FTSS to another wallet is not feasible.

Optional "Sacrifice" Feature:

The sacrifice feature empowers stakers to burn a designated percentage of their staked tokens when unstaking. This mechanism allows stakers to contribute to burn efforts, reducing the circulating token supply. The specified percentage for sacrifice applies to the tokens being unstaked, whether they are rewards or part of the original staked amount. Stakers retain flexibility by having the option to turn off the sacrifice feature before unstaking, setting it to 0% in the Sacrifice settings.