Lithium Finance Launching A Pre-Staking Rewards Program
Lithium Finance Will be Launching A Pre-Staking Rewards Program on August 5.
Glance
-Program begins at: 5th August 13:30 UTC
-Program ends at: One week before mainnet launch (Tentatively December)
-Estimated staking APY: 60%
-First week staking bonus: +20% (Total 80% APY!)
-Staking mode: Simple staking (stake LITH, earn LITH)
Pre-staking Details
-Staking rewards will be counted per block, and accumulated according to your proportion of staked LITH tokens over the whole staking pool.
-Total rewards to be distributed per week will be around 3,150,000 LITH, with the first week’s reward being around 4,200,000 LITH.
-Unstaking is available anytime one week before the mainnet launch, and there are no penalties for that. However, rewards accumulation will stop when you fully unstake from the platform.
-At one week before the mainnet launch, the system will migrate the stakings into the mainnet staking program. Stakers will still be able to withdraw after the mainnet launch.
-Earned rewards are subject to 6.5 month linear vesting after the mainnet launch. Therefore stakers will receive around 4% of vested reward LITH tokens every week starting from the mainnet launch.
-While the rewards will be locked and undergo vesting, they will be available for you to be used in the mainnet staking program. The Lithium team will release more details later as we move closer to the mainnet.
Pre-staking platform: https://staking.lith.finance/
About Lithium Finance
Lithium Finance is the first collective-intelligence pricing oracle to give precise and timely pricing on private, illiquid assets. It rewards analysts who provide truthful information and punish those who offer false pricing data. As a result, Lithium’s users obtain pricing for all hard-to-value assets such as pre-IPO stocks, private equity, and other illiquid assets effectively.
