Staking

$SERA is a token that users need to stake to be eligible for participation in our IDOs. Along the way, we’re making a considerable effort to expand its use-case in our ecosystem.

PreviousLaunchpad NextTiers

Last updated 1 year ago

Staking

$SERA is a token that users need to stake to be eligible for participation in our IDOs. Along the way, we’re making a considerable effort to expand its use-case in our ecosystem.

Syncera offers a platform to stake its own token for ecosystem benefits, such as the ability to participate in IDOs. Syncera Tiers and Syncera Staking are interconnected. To be eligible for a particular tier, you need to possess a minimum quantity of xSERA tokens. To obtain xSERA tokens, you must stake SERA or SERA-LP tokens. xSERA are governance tokens that have a particular purpose and are not exchangeable or transferable.

Remember: If you don't stake, your investment won't be able to climb up the tiers and instead it might leave you in tears..

Here are some of the notable features of our staking mechanism:

If a holder locks their stake before a certain time, they can receive a bonus multiplier on their xSERA balance.
To stake, you need to have at least 100 SERA, and the duration of staking should not be less than 14 days There are no fees for withdrawing.
Staked tokens may only be withdrawn when the selected lock-time has passed. SERA can always be re-locked to reset the multiplier to it’s maximum.
The maximum lock-time is one year, and the maximum reward ratio is 1 SERA to 1xSERA. If a holder chooses to lock their tokens for a shorter period, such as six months, the reward ratio will be half the maximum. Therefore, the reward ratio for 1 SERA = 0.5 xSERA, and so on.
As for one unit of SERA-LP, the maximum reward ratio of is 1 SERA-LP to 2.5 xSERA. It is possible for you to stake LP tokens and SERA tokens concurrently to attain your desired tier.
If the automatic restake feature is not enabled, the xSERA balance will decrease linearly as time passes since the lock period started. Moreover, the SERA tokens that were locked cannot be withdrawn before the time lock expires. Nevertheless, the user can increase the number of staked SERA tokens or extend the time lock period to get more xSERA tokens. Holding xSERA tokens gives the user the right to receive fee distribution, vote in the platform, and get early or exclusive pool access.
The 50 stakers who rank highest on our leaderboard will receive a bonus percentage of tokens for free, which will vary depending on the amount of tokens they purchase during our IDOs.

Example: You have 1000 SERA tokens. You will lock these for 3 months, this means you will receive 250 xSERA on the first day of your stake. Each day your balance will decrease by 2.77 xSERA. After 30 days you have 166 xSERA and you decide to re-lock your initial stake for 3 months again, so your new balance is 250 xSERA again. Note that if you enable automatic restaking, your xSERA balance will remain the same as it was on the first day of your stake until the lock-in period ends.

PreviousLaunchpad NextTiers

Last updated 1 year ago

Remember: If you don't stake, your investment won't be able to climb up the tiers and instead it might leave you in tears..

Here are some of the notable features of our staking mechanism:

If a holder locks their stake before a certain time, they can receive a bonus multiplier on their xSERA balance.
To stake, you need to have at least 100 SERA, and the duration of staking should not be less than 14 days There are no fees for withdrawing.
Staked tokens may only be withdrawn when the selected lock-time has passed. SERA can always be re-locked to reset the multiplier to it’s maximum.
The maximum lock-time is one year, and the maximum reward ratio is 1 SERA to 1xSERA. If a holder chooses to lock their tokens for a shorter period, such as six months, the reward ratio will be half the maximum. Therefore, the reward ratio for 1 SERA = 0.5 xSERA, and so on.
As for one unit of SERA-LP, the maximum reward ratio of is 1 SERA-LP to 2.5 xSERA. It is possible for you to stake LP tokens and SERA tokens concurrently to attain your desired tier.
If the automatic restake feature is not enabled, the xSERA balance will decrease linearly as time passes since the lock period started. Moreover, the SERA tokens that were locked cannot be withdrawn before the time lock expires. Nevertheless, the user can increase the number of staked SERA tokens or extend the time lock period to get more xSERA tokens. Holding xSERA tokens gives the user the right to receive fee distribution, vote in the platform, and get early or exclusive pool access.
The 50 stakers who rank highest on our leaderboard will receive a bonus percentage of tokens for free, which will vary depending on the amount of tokens they purchase during our IDOs.