Staking & Locking
Users have the ability to generate returns on their $STELLA by staking and locking them.
Staking primarily refers to providing liquidity on StellaSwap and earning fees and rewards (in the form of $STELLA). Liquidity is the lifeblood of any exchange, and users are naturally rewarded for providing liquidity and ensuring better price discovery. Staking does not have a time factor. In other words, users can simply withdraw their tokens at any time without any repercussions. Users can provide liquidity on StellaSwap and generate high APYs for doing so.
Locking, on the other hand, refers to single-asset staking with a timelock. This means that users would lock their $STELLA tokens on our Booster Vaults for a predetermined time duration and be rewarded with more $STELLA. Locking $STELLA in Booster Vaults mean that users cannot withdraw their $STELLA tokens before the selected time duration that has transpired. Users will have full autonomy in selecting how long they are keen in locking their $STELLA in Booster Vaults, ranging from 1 week to 1 year. The longer they lock their $STELLA, the more APYs that they will earn. Vaults Have been retired.
Last modified 7mo ago