Continuing to bring more opportunities for their holders to earn rewards, ELONGATE has successfully launched their Staking Vault. Their staking solution intends to provide opportunities for high returns while adding a new layer to earning as part of Elongate’s mission to merge earning and giving on the blockchain.
STAKING IS LIVE! 💎
— ELONGATE #TeamSeas (@elongateog) December 14, 2021
Stake ELONGATE for a high APY and still get holder rewards!
Token reflections + vault rewards + locking bonus + community airdrops… all compounding daily!
👉 https://t.co/DpTNUEnXW5
For technical support: https://t.co/JoANVUMmQp pic.twitter.com/JFzKHE9vZ5
Staking Rewards
Holders can stake their Elongate tokens through the web app at stake.elongate.cc. A variable estimated APY determines staking rewards with reward distributions that compound daily. In addition to the base staking rewards, there’s a time lock bonus of up to 3%. A vital feature of this staking implementation allows holders to continue receiving the standard on-chain reflections in addition to the staking rewards.
How to Stake ELONGATE
Staking Tokens in the Elongate Staking Vault is as simple as connecting your wallet app, enabling the vault, entering the number of tokens you would like to stake, and selecting the time lock period between 15 and 180 days. That’s it; you can now hit the stake button and confirm the transaction through your wallet app.
You can find a comprehensive guide and more information about the ELONGATE Staking Vault here.
Update 12/16/21:
Over $3,000,000 worth of ELONGATE Tokens have been staked in the vault in just the first two days after launch, based on the token price as of December 16th, 2021, and the total number of staked tokens continues to grow with over 10% of the circulating supply staked.
Alex G
admin
