We have discussed some things on this topic. Since we have improved on reward distribution and yup score, it is time for improvements in staking.
I suggest we do flexible staking with lower APR/APY and higher APR/APY for locked staking. Those who are familiar with PancakeSwap may know their staking mechanism. If not, take a look at it. We can also introduce penalties for unstaking before the time and burn those tokens.
What do you all think of this?
It’s a good idea Harsh, the locked staking could be for a year o something like that.
Like It’s a very interesting mechanism
I was thinking of something like this to talk about, thanks bro for bringing out such a kind of idea. hope it will add some value to the token. .
Why It should be like one year ?? It could be minimum 3 months , 6 months, 9 months and a year … Based on duration apy would be high or low .
Durations can range from 1 week to 1/2/3 years. Let the team decide on that.
Yup, you’re right. It would be better if we can choose the duration.