STAKING
Last updated
Last updated
$ROWA holders can stake equal amounts of $ROWA and $MATIC and receive LP tokens that can be staked on ROWA Platform's LP staking pool. Liquidity providers are rewarded with $ROWA.
Liquidity providers can stake their LP tokens to ROWA Platform Liquidity Farming Pool and receive $ROWA as a reward.
Using Liquidity Farming instead of $ROWA Staking pool may have higher rewards. However, the Liquidity farmers may suffer from impermanent loss.
The ROWA Staking Mechanism is designed to incentivize platform members to stake their ROWA tokens in the platform's single staking pool, which offers various rewards and benefits in the form of Purple Cassettes and ROWA token rewards.
Staking cycles are synchronized with ROWA tournaments and consist of four epochs, each lasting for 7 days, followed by a 2-day cooldown period, totaling a 30-day staking cycle.
Holders can enter and leave the staking pool at any time without losing their initial staked amount.
Stakers earn a base of 10 Purple Cassettes at the end of every epoch.
The number of Purple Cassettes earned increases cumulatively by 1.5% for each epoch in which the staker remains in the pool.
Additionally, stakers receive a 1% bonus in Purple Cassettes for every 2,000 ROWA tokens staked.
Stakers can claim their Purple Cassette rewards whenever they want without any penalties.
When a staker decides to leave the pool, a 2-day cooldown period starts.
If the staker leaves immediately, they receive only 50% of the total reward; if they wait for a day, they receive 75% of the total reward; and if they wait for the entire 2-day cooldown period to expire, they receive 100% of the rewards.
ROWA Loyalty Badges are upgradable, soulbound tokens offering active platform members perks. Platform members can claim and upgrade one ROWA Loyalty Badge with Purple ROWA Cassettes. The perks are available in two categories: staking perks and in-game perks, with new perks, unlocked at each level.
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