🕤EverEarn Staking
Last updated
Last updated
EverEarn Staking Apps offers its holders the ability to stake BUSD or USDC, and be paid back in the same stablecoin. While you are required to hold $EARN tokens to stake, your $EARN will not be locked and remain accessible to you at all times. https://dashboard.everearn.net/staking
$EARN holders can stake up to 20% (USD value) of the total $EARN they hold. For $EARN BNB, up to 20% of the total value can be staked into the $EARN BNB Staking App as BUSD. For $EARN ETH, up to 20% of the total value can be staked into the $EARN ETH Staking App as USDC.
Unlike other staking app offerings, where you select one out of however many options there may be, there are 4 separate EverEarn Staking Apps on each blockchain, and an $EARN holder can participate in each of the EverEarn Staking Apps, up to 20% of the total value of their $EARN into each.
An $EARN holder may choose to sell some or all of their $EARN without affecting their stake, while it is locked. However once the staking period ends, the original rules will come back into effect in order to get back into the staking pools again.
Presently, all of the EverEarn Staking Apps offer APY staking terms; that is, an holder commits to locking in their BUSD or USDC for a specific period of time, and at the end of that time, they receive their original staked amount back plus the APY interest owing for the period. Network transaction fees (gas) apply to all transactions on each network, and EverEarn does NOT receive any of that transaction fee. APY stands for Annual Percent Yield, and specifically refers to the amount of "interest" you would receive, if you remained in for one full year. Therefore, if you are locked into a 90-Day EverEarn Staking App that pays out 50% APY, the actual amount owed to you is as follows; 50% APY / 365 Days (1 year) X 90-Day Staking Period = 12.232877%
A staked holder may withdraw their stake from the EverEarn Staking Apps early, via the Emergency Withdrawl button. In doing so however, the user forfeits any interest, but will have their original staked amount returned to them, minus any network transaction fees. Again, network transaction fees (gas) apply to all transactions on each network, and EverEarn does NOT receive any of that transaction fee.
