Staking Overview
LockFi is expanding its services to include token staking, allowing users to earn rewards by participating in the platform's ecosystem.
What is Staking?
Staking is the process of depositing and locking your tokens to:
Earn rewards (typically additional tokens)
Support the security and operations of a network
Participate in governance (in some systems)
LockFi Staking Features
When launched, LockFi's staking platform will offer:
Simple Staking: Easy-to-use interface
Flexible Terms: Options for different staking durations
Transparent Rewards: Clearly defined APY and reward distribution
Secure Implementation: Built on Solana for speed and security
Note: Specific APY rates will be announced after launch.
How Staking Will Work
The staking process on LockFi will be straightforward:
Connect your wallet
Navigate to the Staking section
Select a staking pool
Choose the amount to stake
Confirm the transaction
Begin earning rewards
Claiming Staking Rewards
Once staking is live, users will be able to:
View earned rewards in real-time
Claim rewards based on the pool's distribution schedule
Restake rewards for compound returns (where applicable)
Stay Updated
As we prepare to launch staking:
Follow our Twitter for announcements
Check back on this documentation for detailed guides
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