Q: What is staking?
Staking lets you deposit your token in a smart contract (sometime with a lock up period) to earn rewards over time. It’s a simple way to support the network and earn passive income.
You can access staking here: rujira.network/strategies?filters=StakingPool
For more details, visit the staking docs: https://docs.rujira.network/strategies#staking
Q: What tokens can be staked?
You can currently stake the following tokens:
- $RUJI
- $TCY
- $AUTO (soon, currently available here: https://daodao.zone/dao/thor1ervurprt6cwrpsy6t3h2gxeg5rw25xumhp58e6hct0jcse6feu5sxdnq0j)
- $LQDY (soon, currently available here: https://daodao.zone/dao/thor1adumh9aj7urearxd0ezujaue4agclltu2y45qr2z4yazveqkvygqwmlgp6/home)
Q: What is the difference between Standard and Auto-Compounding staking?
- Standard staking: You earn rewards (usually in $USDC) which you can claim whenever you want.
- Auto-compounding staking: Your rewards are automatically used to buy more of the same token, which increases your staked balance over time.
Example:
If you stake $RUJI, you normally earn $USDC rewards. With auto-compounding turned on, your $USDC is automatically used to buy more $RUJI, which is added to your stake.
Q: Is there an unstaking period?
Staking might be subject to an unstaking period during which you have to wait after signaling your intention to unstake, before you can access to your tokens:
- $RUJI: No unstaking period (instant).
- $TCY: No unstaking period (instant).
- $AUTO: 14-day unstaking period.
- $LQDY: 7-day unstaking period.
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