Staking
Last updated
Last updated
GroFi Dex staking system is a system that allows users to stake their U2U into the system to receive rewards.
You can be anyone with a large or small amount of U2U. When you stake U2U into the GroFi Dex system, the reward you receive will depend on the number of U2U you stake and the APR during the time you stake.
Every time a U2U staking user is added to the system, they will receive 1 stNFT corresponding to the amount U2U staked in the transaction.
This stNFT is a guarantee of shares that the user has staked into the system. When you are the owner of any stNFT, the system will understand that you are staking a corresponding amount of U2U.
This stNFT guarantees the user's stake in the GroFi Dex system, valid throughout the GroFi Dex system. There, users can use stNFT to participate in Lending, Launchpad,...
Building activities based on staking mechanism for validators in the U2U Chain Network system
Every time a user staking U2U into the GroFi Dex system, GroFi Dex smart contracts will stake that amount of u2u to the validator nodes of the U2U Chain Network, which is a Delegator.
Rewards received from the validator node will be redistributed to users 95% of total rewards and the remaining 5% will be transferred to the Treasury Vault.
APR value (Annual Percentage Rate) - a value that changes regularly, automatically calculated by the system based on the number of U2U tokens staking in the system and the reward that the validator receives when participating in the block validation process in the U2U chain network.
When you have a reward, you can claim it whenever you want. GroFi Dex smart contracts will automatically update your reward to the total reward for each of your stake packages, normally the system will update the reward every 7 minutes.
Whenever you have no need to stake, you can completely unstake the staking package you are participating in and withdraw to receive back the amount of U2U you put in to stake in the system.
