1. What is staking?
Staking is the process of locking up your cryptocurrency in a blockchain network to support its operations, such as validating transactions. In return, you earn rewards proportional to the staked amount and the duration of the stake.
2. How do I create a Stake Pool?
To create a Stake Pool, navigate to the staking section in the app and configure:
Mint (token) for the pool.
Staking Pool Cap: Max amount of tokens allowed in the pool. Once reached, no more staking is possible in the pool.
Expiration: Date when the pool ends. After this, new stakes are not allowed, and rewards will stop being distributed.
Staking Duration: The period represents how long users commit to staking. Once it ends, both the staked amount and the rewards are automatically distributed to their wallets.
APY: Annual return rate your pool will provide. Actual rewards vary based on how much users stake.
3. How does staking work in the Streamflow app?
Once you join a Stake Pool:
You select the Staking Duration.
APY is determine by the pool creator.
You receive a Stake Receipt that tracks the amount staked, the time, and the owner.
You are also issued Stake Tokens, which are adjusted for the yield based on the staking duration.
4. Can I unstake my tokens at any time?
No, tokens can only be unstaked after the staking duration you selected has passed. Once you unstake, your Stake Tokens are burned, and the entry is closed.
5. What are Stake Tokens?
Stake Tokens represent your staked amount and the yield earned based on the staking duration. These tokens are burned once you unstake, and they ensure accurate tracking of your rewards.
6. What is a Reward Pool?
A Reward Pool distributes staking rewards to users. Each Stake Pool can have one or more Reward Pools, and rewards are distributed based on the yield of your stake.
7. How do I add a Reward Pool?
A Reward Pool is funded when the Staking Pool is created, with the reward amount precalculated based on the staking parameters set at that time. The pool cannot be topped up afterward, as the rewards are fixed according to these parameters, ensuring that all participants receive their eligible rewards.
8. How are staking rewards calculated?
Rewards are calculated based on:
The total duration of your stake.
The yield assigned based on the staking period.
The number of reward periods that have passed since the last claim. The more time you’ve staked and the longer the duration, the higher the reward.
9. How do I claim my rewards?
To claim rewards:
New Staking Protocol:
Rewards are automatically distributed at the end of the staking period.
Manual claiming is no longer required.
The amount received is based on your staked tokens and the precomputed reward parameters.
Old Staking Protocol:
Rewards must be claimed manually.
Initialize a Reward Entry for each Reward Pool you are eligible for.
The system calculates the time passed since your last claim (or since you staked if it’s your first claim).
Rewards are distributed based on the number of reward periods elapsed and your effective stake.
10. Can I add more tokens to an existing stake?
Yes, it’s possible to stake multiple times.
11. Are there fees associated with staking or topping up Reward Pools?
Yes, fees are handled as follows:
When creating a Reward Pool, the fee is fetched from the fee manager and stored for that Reward Pool.
12. What are the risks involved in staking?
Although staking is a great way to earn rewards, there are risks, including:
Volatility: The value of staked tokens can fluctuate.
Technical Issues: Network or smart contract failures could result in loss of funds.
13. Can I stake on any blockchain?
No, staking on Streamflow is only available on Solana.
14. I staked in a pool that is currently unavailable. What do I do?
Streamflow will only disable staking pool interactions upon a request from the pool creator, in a rare event when the staking pool setup is faulty.
The staking pool interactions are only removed from the Streamflow App and remain available on-chain.
To get more information about your next steps, reach out to the pool creator.