Staking
Here’s a simple breakdown of how staking works with KIDDO Staking OG Smart Contract:
Deposit Your Tokens: Use the staking system to lock your KIDDO tokens.
Watch Them Grow: Earn rewards over time based on a fixed Annual Percentage Yield (APY).
Claim Rewards or Unstake: You can claim your rewards at any time or withdraw your staked tokens and rewards when you’re ready.
All actions above are accessible through our dapp at https://www.shidokid.com/staking
Key Features of KIDDO Staking
1. Fixed Rewards — 8% APY
Earn rewards at a fixed annual rate (8% APY).
The longer and the more you stake, the more rewards you earn.
2. Staking Period — 365 Days
You can stake your tokens during the staking period, which started at 21th January 1PM UTC and ends after a 365 days. Make sure to stake early so you can maximize your rewards!
Rewards can be claimed during staking period or after.
3. Hard Cap
The Staking Contract Max Stakeable Amount is 33M
4. Fees (SHIDO Coin)
To keep the platform sustainable, small fees (in SHIDO, the native blockchain coin) are charged for certain actions:
Staking Fee: A small fee for staking your tokens.
Claim Rewards Fee: A fee when you claim your earned rewards.
Unstaking Fee: A fee for withdrawing your staked tokens.
These fees ensure the platform can continue running smoothly and help cover operating costs.
4. Easy-to-Use
Staking is designed to be simple and accessible for everyone, whether you’re a crypto pro or just getting started.
If you’re blacklisted (for security reasons), you’ll still be able to withdraw your staked tokens, but rewards won’t be accessible.
5. Transparent Reward System
The contract calculates your rewards dynamically based on how much you staked, how long you staked, and the fixed APY.
You can claim your rewards anytime or wait until the end of the staking period to withdraw both your tokens and rewards.
How to Interact With KIDDO Staking
1. Staking Tokens
What It Does: Lock your tokens in the staking pool to start earning rewards.
What You Need: Your KIDDO tokens, some SHIDO for the staking + gas fee, and a wallet like MetaMask.
How to Do It:
Approve the staking contract to use your tokens.
Enter the amount you want to stake and confirm the transaction.
Sit back and watch your rewards grow!
2. Claiming Rewards
What It Does: Collect the rewards you’ve earned so far without unstaking your tokens.
What You Need: A small SHIDO fee.
How to Do It: Click “Claim Rewards,” confirm the transaction, and your rewards will be sent to your wallet.
3. Unstaking Tokens
What It Does: Withdraw your staked tokens and any unclaimed rewards.
What You Need: A small SHIDO fee and a wallet to receive your tokens.
How to Do It: Click “Unstake,” confirm the transaction, and your tokens and rewards will be sent back to your wallet.
Important Details
Here are a few key points you should know:
Staking Period:
The staking pool has a start and end time. You can only stake tokens during this period.
After the staking period ends, you can still claim your rewards or unstake your tokens.
Rewards Pool:
The reward pool is pre-funded, ensuring rewards are distributed fairly.
The rewards are calculated based on how much you stake and for how long.
Blacklist Protection:
To ensure the security of the staking system, certain addresses may be blacklisted (e.g., bots or malicious actors).
Blacklisted users cannot stake or claim rewards but can still withdraw their staked tokens.
What Makes KIDDO Staking Different?
Simplicity: It’s easy to stake, earn, and withdraw rewards.
Transparency: Fees and rewards are clear and fair.
Security: Blacklist integration ensures bad actors are blocked.
Sustainability: SHIDO fees support the platform’s operations.
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