MELD Staking
🥩 Stake MELD
For the initial launch of the MELD protocol we will be having 2 locked staking options available for $MELD holders:

6 Month Locked Staking

Opened on: Jan 31, 2022 Closes on: Sept 1, 2022 Fixed APY: 12%
The above period is the period in which you can start staking. It is not the duration of the contract

Example:

  • Stake 1000 $MELD for 6 months at 12% APY
  • 1000 $MELD is locked to a smart contract for 6 months
  • You receive -> 1000 $MELD + (1000*(0.12/2)) = 1060 $MELD. This amount is available to be withdrawn 6 months after the time you started staking
Note: 0.12 or 12% APY (annual percentage yield) represents 1 year's worth of returns and we divide by 2 to show the interest earned for 6 months of staking at 12% APY

12 Month Locked Staking

Opened on: Jan 31, 2022 Offer ends: March 1, 2022 Fixed APY: 15%
The above period is the period in which you can start staking. It is not the duration of the contract

Example:

  • Stake 1000 $MELD for 12 months at 15% APY
  • 1000 $MELD is locked to a smart contract for 12 months
  • You receive -> 1000 $MELD + (1000*0.15) = 1150 $MELD. This amount is available to be withdrawn 12 months after the time you started staking
Note: we do -> 0.15 because it represents 1 year's worth of returns staking at 15% APY (Annual Percentage Yield)