Stake your KREDIT tokens for sKREDIT and participate in the Fee sharing mechanism of Kairos Cash!
By clicking on the STAKE button in the top part of the screen, users will be able to access the KREDIT Staking page.
Users will be able to choose to either STAKE or UNSTAKE as shown above. When a user clicks on these two buttons they will be met that will either allow them to add KREDIT tokens to their position or withdraw KREDIT tokens from their position. To switch between these two frames simply click on the two arrows in the middle.
Note: The "Approve" transaction is only needed when staking for the first time; subsequent staking only requires you to perform the "Stake" transaction.
All the sKREDIT tokens are subject to a 24 Hours lock-up period. In other words, every time a user deposits KREDIT tokens, he will no be able to unstake them for the following 24 Hours.
In the bottom right corner of the screen, users will be able to see the sKREDT - KREDIT ratio. As more and more fees get added, 1 sKREDIT token will be worth more and more KREDIT. Bear in mind that this is how rewards for staking KREDIT are distributed: the increasing of the value of sKREDIT tokens in terms of KREDIT tokens!
Here users will be able to check how many sKREDIT tokens are available in their wallet, as well as the dollar value of those tokens. Underneath it, users will be able to find the Approximate Staking APR given which is computed by Last month's annualized revenue of the protocol.
Do not send tokens directly to the contract, they will be lost.
APR will be calculated based on expected annualized revenue from the last month' fee distribution.