When you choose to stake your $BKN tokens, you are playing a pivotal role in ensuring both the security and the continuous development of the Brickken Ecosystem. This act of staking not only showcases your trust in the system but also acts as a reinforcing agent that amplifies the strength and resilience of the ecosystem.
Stakers, by committing their tokens for a duration of 12 months, can anticipate a lucrative return of 15% on their holdings. This yield signifies the ecosystem's appreciation of your support and commitment.
Additionally, as a dedicated staking member of the Brickkeneers community, you become eligible for a range of benefits and utilities. While specific details and advantages remain to be unveiled, be assured that they are designed to provide even more value to the Brickkeneers.
Yearly Yield: 15%
Min. Lockup Period: No Lockup
Staking Duration: 12 Months
Full T&C: https://www.brickken.com/terms-staking
John deposited 10.000 $BKN on September 1, 2023. John plans to hold long-term and is of no need for liquidity so John stakes for the entire duration of 1 year and choose to withdraw his stake on September 1, 2024. Since 1 year has passed, he can withdraw his stake plus the full yield, 11.500 $BKN
Sara also deposited 10.000 $BKN on September 1, 2023. She plans to hold for the full duration of 1 year but is in need of liquidity 6 months after initially staking. She decides to unstake early, and will therefore withdraw 6 months after depositing:
10.000*(1+7.5%*0.33) = 10.750 $BKN
Chris deposited 5.000 $BKN on September 1, 2023. Chris buys more $BKN on October 1, 2023, and wants to stake that as well. He stakes again using the same wallet, but will have to unstake the full amount once choosing to unstake. Of course, he can re-stake to also earn a yield on the previously earned yield.
Staking is only on Ethereum
You can unstake whenever without incurring any penalties.
Only liquid $BKN can be staked
Yes you need $ETH to stake & unstake your $BKN
The Brickken Treasury
It is not, unless you choose to unstake, and then restake the full amount.