❓FAQ - Staking
Last updated
Last updated
Validator staking pools are the first entry point to becoming a Bitscrow validator and earning APY from your tokens.
The process is to bind Bitscrow tokens within one of the available staking pools. Each staking pool has its own entry price and allows you to validate transactions according to its characteristics.
The funds are frozen for the indicated period in the chosen staking pool
You can stake your token here: https://app.bitscrow.site
The annual percentage yield (APY) is the real rate of return earned on an investment.
Unlike simple interest, compounding interest is calculated periodically and the amount is immediately added to the balance. The formula for calculating APY is:
Where:
r = period rate
n = number of compounding periods
Rewards are released at the end of the pool lockout period.
Yes, staked Funds can be withdrawn using the "emergency withdraw " function whenever the user wants and the smart contract will give back to the user the full amount that was staked, note that in case of an emergency withdraw the user will lose his rewards