📊 Staking and Yield Farming with Shekel Coin
Staking and Yield Farming with Shekel Coin
As the cryptocurrency landscape continues to evolve, innovative ways to earn passive income through digital assets have become increasingly popular. One such method is staking and yield farming, which allows holders to earn rewards by actively participating in the network. In this article, we will introduce the concepts of staking and yield farming, explain how to stake Shekel Coin, and detail the rewards system we have implemented to benefit our community.
Introduction to Staking
Staking is a process where cryptocurrency holders lock up their coins in a wallet to support the operations of a blockchain network. By doing so, they help secure the network and validate transactions, earning rewards in return. Staking not only incentivizes holders to keep their coins but also contributes to the overall health and stability of the blockchain.
Yield farming, on the other hand, involves providing liquidity to decentralized finance (DeFi) platforms in exchange for rewards. This process often includes staking tokens in various pools to earn interest or additional tokens.
How to Stake Shekel Coin
Staking Shekel Coin is a straightforward process designed to encourage participation from all community members. Here’s how you can start staking:
Choose a Staking Platform: Select a reputable staking platform or wallet that supports Shekel Coin.
Deposit Shekel Coin: Transfer the amount of Shekel Coin you wish to stake into your chosen platform’s staking wallet. For Shekel Coin, use the Solana wallet address:
2QLhcgUeJzXrApurDaHvrKEyify417mMkxDPNpxwpyzo.Initiate Staking: Follow the platform’s instructions to initiate the staking process. This typically involves selecting the staking pool and confirming the amount to stake.
Earn Rewards: Once your Shekel Coins are staked, you will start earning rewards based on the amount and duration of your stake.
Rewards System
Our rewards system is designed to provide competitive returns to our stakers, ensuring that participating in the network is both beneficial and attractive. We will also be implementing farming in 10 different coins to diversify and maximize earning potential for our holders. Below are the details of our staking rewards:
Staking Rewards
Ethereum (ETH)
Rewards Rate: 2.80%
BNB (BNB)
Rewards Rate: 0.40%
Cardano (ADA)
Rewards Rate: 1.70%
Polygon (MATIC)
Rewards Rate: 3.00%
VeChain (VET)
Rewards Rate: 1.50% (in VTHO)
Solana (SOL)
Rewards Rate: 4.60%
Cosmos (ATOM)
Rewards Rate: 11.50%
Harmony (ONE)
Rewards Rate: 5.00%
Polkadot (DOT)
Rewards Rate: 9.10%
NEAR Protocol (NEAR)
Rewards Rate: 5.40%
Tezos (XTZ)
Rewards Rate: 3.30%
Oasis Network (ROSE)
Rewards Rate: 1.40%
Fetch.ai (FET)
Rewards Rate: 4.40%
Kusama (KSM)
Rewards Rate: 11.60%
Kava (KAVA)
Rewards Rate: 4.50%
Threshold (T)
Rewards Rate: 2.20%
Sui (SUI)
Rewards Rate: 2.00%
Ontology (ONT)
Rewards Rate: 20.00% (in ONG)
Celer Network (CELR)
Rewards Rate: 2.90%
Livepeer (LPT)
Rewards Rate: 33.70%
Audius (AUDIO)
Rewards Rate: 12.80%
By participating in our staking and yield farming programs, you not only earn substantial rewards but also contribute to the growth and stability of the Shekel Coin ecosystem. We are committed to providing our community with opportunities to maximize their holdings and benefit from the continuous development of our platform.
Payout Example
Let's illustrate how the earnings are distributed with a real-world example. Suppose the total earnings from staking amount with in the KPAX Dao is $15,000. Here’s how the amount would be allocated:
Allocation Breakdown:
Non-profits: 30% - $4,500
Bit Bear Legends: 25% (from Bit DAO allocation) - $3,750
Shekel: 15% (from Bit DAO allocation) - $2,250
Kpax: 10% (from Bit DAO allocation) - $1,500
Liquidity: 20% - $3,000
Now, let's consider the total liquidity payout of $5,250 and how it would be distributed among 50 Shekel users:
Total Liquidity Payout: $5,250 Number of Users: 50
Calculation: Each user would receive $105.
Join us in buying Shekel Coin and getting into the KPAX Dao to take advantage of these rewarding opportunities today. Stay tuned for more updates and new features as we continue to innovate and expand our offerings.
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