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Ryan J. Shaw
@rjs
Summary: - DEGEN deposited into the staking contract produces LDEGEN tokens in a 1:1 ratio - LDEGEN is non-transferable and non-delegatable i.e. purely for accounting purposes - minimum deposit amount is 10k (can be changed by Degen team) - lock duration 90 days (can be changed by Degen team, max. of 365 days) - deposit can be topped up but it will reset the lock duration for preceding deposits to the full duration - partial withdrawals are allowed
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baubergo
@baubergo-
- Is there any update on the policy regarding having two verified wallets? I'm worried because my entire stash is on a ledger wallet (verified on Warpcast), and I have a second wallet verified here that I use daily for minting and other activities. Both are attached to my FID, but I'm concerned they might change this. - Is there any information about APR or different incentives for staking longer?
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Fibo / Scryptoguy
@fibo112358.eth
>Is there any information about APR or different incentives for staking longer? It's already a few days ago, but Jacek said there's no planned incentive other than more tip allowance.
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Ryan J. Shaw
@rjs
Did he say that explicitly? I thought he said that staking ==> tip allowance, did he say staking =/=> anything else?
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baubergo
@baubergo-
Which is a bummer if true, because like I said earlier, I think staking should have its own program. 🐳 that want to stake will not care for allowance (it takes time, it takes evolvement, and it's not even for you, it's for others). Staking should have incentives for outsiders to find it's attractive.
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