🆘FAQ
How does Simple Staking work?
Last updated
How does Simple Staking work?
Last updated
Simple Staking provides a convenient and hassle-free way to stake crypto tokens and earn staking rewards. Users can earn daily rewards via staking their tokens for a various locked period.
Your tokens will earn daily rewards based on the daily APR rate for the lock period, calculated as follows:
When participating in Simple Staking on Ton Raffles, it's important to understand the terms for withdrawing your staked tokens. Each staking pool has its own set of rules regarding early withdrawal penalties and timelines. For instance, in a 30-day staking pool, you might be allowed to unstake your tokens with a penalty after 10 days, and then unstake them without any penalty after an additional 10 days.
This means, if you choose to unstake within the first 10 days, you will incur a 10% penalty on the amount you've staked. However, if you wait and unstake after 20 days of staking, you can do so without any penalty.
You will be able to harvest your tokens and rewards after the staking period has ended. The option to unstake tokens depends on the settings of each specific pool, and there are several scenarios:
Unstaking is available throughout the staking period. This can be implemented either without a penalty or with a penalty until a certain point in time.
Unstaking is not available for a certain period, after which it becomes available, possibly with or without a penalty.
Unstaking is entirely unavailable throughout the staking period.
After the unstaking process, the user will receive both the total amount of staked tokens and all the rewards accrued during the staking period.
The lock term period restarts after each additional stake.
- Is there any impermanent loss in Simple Staking?
There is no impermanent loss. You can maximize your crypto funds safely and simply.
- Does the lock term period restart after each additional stake?
Yes. For example, today, you have staked 1000 RAFFin the pool with a 60 days lock term. Right after the stake has been made, the timer was launched for 60 days, when you can harvest earnings with no fee. In 10 days, you decided to make an additional stake of 2000 RAFF in the same pool. During this stake, the timer restarts and starts counting 60 days again. With this action, the rewards are not being withdrawn and remain on the balance.
- Can I unstake the total or partial amount from the pool?
You can only withdraw the total amount of staked tokens. When you unstake or harvest you receive the total amount of staked tokens + gained rewards.
- How much time does it take to make Harvest or Unstake?
Reward withdrawal or unstaking typically occurs instantly, but in certain situations, it may take longer depending on network congestion and the state of the TON network.
- When can I receive the rewards?
Rewards are accrued every second and displayed in the staking plan under the «Your Reward» section. You will be able to withdraw your earned tokens only after the staking term has ended. For example, if you have staked 500 RAFF in a pool with a 90-day staking term, you can harvest without a fee immediately after the term ends.
- Do Simple Staking pools continue to function after the lock term ends?
No. Simple Staking pools have an expiration date and do not yield returns after the staking term ends. The staking period determines the number of days after which Harvest will be available.
— Is there any fee for early withdrawal from the pools?
Yes. There are three options for penalties for unstaking a token:
- A fixed unstaking penalty is charged throughout the entire staking period.
- For the first time interval, penalty #1 is charged and for the remaining time, penalty #2 is charged (or no penalty at all).
- No unstaking penalty is charged during the entire staking period.
Look at the features of the staking pool that interests you.