Staking is the process of participating in a blockchain network's Proof-of-Stake (PoS) consensus mechanism by locking up your crypto assets. By locking your PEKONG tokens, you help secure the network and validate transactions. In return, you receive passive rewards in the form of additional tokens, similar to earning interest in a savings account.
How do I stake PEKONG tokens?
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To stake PEKONG, first ensure you have a compatible Solana wallet such as Phantom or Solflare. Second, connect your wallet by clicking the 'Connect Wallet' button. Once connected, enter the amount of PEKONG you wish to stake in the available field and confirm the transaction in your wallet. Your tokens will then be locked, and you will begin earning rewards.
What is the reward token?
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The reward token for staking PEKONG is tPEKONG. This token serves as a "liquid staked token." This means it represents your claim on your staked PEKONG and the rewards you have earned. You can hold, transfer, or even use this tPEKONG in other DeFi protocols.
Can I unstake my tokens at any time?
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Yes, you can unstake your PEKONG tokens at any time. The platform has no lock-up period, which means you have full flexibility over your assets. Standard network transaction fees may apply when you decide to unstake.
How are staking rewards calculated?
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Your staking rewards are calculated based on the amount of PEKONG you have staked and the current Annual Percentage Rate (APR). Rewards are accumulated in real-time. You can use the calculator at the top of this page to predict the amount of tPEKONG you will receive based on your input.