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Staking
- Staking is the primary value accrual strategy of Ragnarok. Stakers stake their RGK on our website to earn rebase rewards.
- Staking is a passive, long-term strategy. With each rebase your number of tokens increases according to the APRs defined by the protocol. Interest is compounded automatically.
- When you stake, you lock RGK and receive an equal amount of sRGK. Your sRGK balance rebases up automatically at the end of every epoch.
- When you unstake, you burn sRGK and receive an equal amount of RGK. Unstaking means the user will forfeit the upcoming rebase reward.
We will propose a vote on our discord. If the vote is accepted by the majority, a limit time will be added to the contract after staking during which it will not be possible to withdraw your sRGK. We are currently thinking of a duration of 08h01, this forcing people to stack for more than one rebase. This will prevent buying and reselling speculation just before each EPOCH.
The duration of an epoch is 8 hours.
Last modified 1yr ago