Staking
What is it?
The staking feature is where users will be able to share revenue generated through our platform by staking their $PUMP tokens. It is designed to distribute rewards to our supporters and foster community growth. Users can stake their $PUMP tokens on the /stake page.
Fee Collection
25% of all fees generated from the platform will be deposited into the Staking Contract. This includes fees from token creation, trading, and pool deployments, (see more info on fees).
Rewards Distribution
Users who stake their $PUMP will receive rewards proportional to their share of total stake pool.
A simple example for further clarification:
User A stakes 40 $PUMP tokens
User B stakes 60 $PUMP tokens
1 ETH is deposited to the Staking Contract via fees
User A can claim 0.4 ETH
User B can claim 0.6 ETH
This model is straight forward such that genuine believers in the platform's success are rewarded accordingly.
Claiming Rewards (IMPORTANT)
Users staking $PUMP can easily claim their share of platform rewards through the /stake page. Rewards will be deposited into the staking contract anytime a fee is processed, which includes any token creation, buy, sell, or Uniswap pool deployments.
Last updated