Waggle Network — Single-Sided $WAG Staking Went Live
Waggle Network single sided staking went live. Users can heads up to the website to start their $WAG staking journey. WAG tokens are lockable on the protocol for a selectable lock-time. Choose from the shortest time-lock of 1 month up to a maximum lock-time of 1 year.
By locking WAG tokens in the staking contract with a longer lock-time, you will receive bonus WAG balance:
- 3 Months — 1.1x APR Booster
- 6 Months — 1.3x APR Booster
- 12 Months — 2.0x APR Booster
The amount of the WAG balance is based on the amount of WAG tokens locked by the user, and the time period the user will lock their WAG tokens for. The WAG payout balance linearly decreases with a shorter time period of lock. The WAG tokens locked can not be withdrawn before the time-lock has expired. However, it is possible to extend the time-lock or increase the amount of staked WAG tokens.
WAG token qualifies the user for fee distribution, voting rights and exclusive fundraising round access. Users will have to stake a designated amount of tokens to unlock a proportionate amount of locked tokens they can purchase off Waggle Market.
ABOUT Waggle Network
Waggle enables retail investors to participate in primary market investments.
RESOURCES
Medium
