💸| METRO Staking
Last updated
Last updated
You can stake and lock your $METRO token in the $METRO staking pools to benefit from protocol profits. A share of the protocol returns like a part of the trading fees, Fairlaunch listing fees flow into the staking pool in form of $USDC. Rewards are distributed every few days, and you can claim at any time.
The minimum lock is 7 days. You can further lock your $METRO into a NFT lock position to receive more rewards. You can lock up to 365 days. The lock boost multipliers are:
7 Days = 1x Multiplier 90 Days = 1,5x Multiplier 180 Days = 2x Multiplier 270 Days = 2,5x Multiplier 365 Days = 3x Multiplier
To be allowed for voting you need to lock your $METRO for at least 90 days.
You can have several lock positions with different lock setups. There are three options to edit existing positions:
Add additional $METRO:
If you have a remaining lock time, the average new lock time is calculated:
New Lock Time = (Remaining Lock Time * Staked $METRO Amount + $METRO Amount to add * Initial Lock Duration) / ($METRO Staked Amount + $METRO Amount to add)
Re-New Lock:
You can renew your lock position to the initial lock amount. This function is important to be able to renew your existing position if the remaining lock time is not enough for voting anymore.
Extend Lock:
You can extent your lock position to a new lock time. This function is important for stakers who choose a initial lock position under 90 days and want to participate in voting. With extent lock they can change the existing stake position to a new lock time which is applicable for voting.