Staking Pools
The dual-token strategy is incredibly important to the sustainability and future growth of the Yeti-Apes ecosystem. Staking pools are at the core of the decentralized governance strategy.
Last updated
The dual-token strategy is incredibly important to the sustainability and future growth of the Yeti-Apes ecosystem. Staking pools are at the core of the decentralized governance strategy.
Last updated
The purpose of the two staking pools is to enhance governance and ensure ecosystem participation, not to provide financial returns. The details of the two staking pools are as follows:
Yapes Staking Pool
Yapes have been designed to be used throughout the entire Yeti-Apes ecosystem. As Yapes is the core utility token and is expected to be used by all Yeti-Apes users, a route has been designed that allows users of the ecosystem to become the future decision makers. Yapes stakers receive Yoints, giving them a voting share. This ensures that ecosystem users are further incentivized to participate in the long-term sustainability of the project.
The Yapes staking pool allows users to earn rewards, and then, up to their discretion, they can unstake their tokens by burning their Yoints or continue to earn Yapes.
Yoints Yield Farming
As the decision makers of the ecosystem, Yoints holders are fundamental to the future of Yeti-Apes. Through the Yoints yield farming opportunity , Yoints holders will have the option to stake their tokens and earn Yapes which can be used with Yeti-Apes decentralized applications or staked to grow their position. This aligns products with holders, incentivizing them to make the best decisions for the current and future direction of the ecosystem.
How Staking Works?
Staking works by sending your tokens into a smart contract and receiving a proportional share of rewards based on your staking weight. It is a novel method of ensuring that you can earn interest on your holding and doing research on our staking pools prior to participation is recommended.
Below is a video explaining general staking. If you have any further questions about the Yeti-Apes-specific staking mechanics, please join our community as we are always happy to assist.