Staking
What is Staking?
Pomerium Staking is designed to effectively manage the circulation of PMG (Pomerium Ecosystem Token) tokens and to incentivize participation in Pomerium transactions. By staking PMG tokens, users contribute to the security and stability of the Pomerium blockchain network. As the total amount of staked PMG increases, the circulating supply in the market decreases, helping Pomerium build a sustainable token economy while enhancing token stability and user engagement.
Join in the growth of the Pomerium ecosystem through PMG staking.
How to Use Staking
Create a Pomerium Wallet: To stake PMG, you need to create a Pomerium Wallet. You can create one at pomerium.space.
Hold Pomerium Ecosystem Tokens: To stake, you need to hold PMG, the Pomerium Ecosystem Token. PMG can be purchased on crypto exchanges. You can find globally available crypto exchanges on pomerium.space.
Staking: Use your created Pomerium Wallet to stake PMG. Staking can be done at pomerium.space/staking.
Claim Rewards: Rewards for PMG staking depend on the amount of PMG staked and the duration. Rewards are automatically distributed at regular intervals. Refer to the details below for reward-related information.
Benefit
Rewards are fixed at a 10% *APY rate. *APY: Earn 10% of the staked amount as rewards when staking for one year.
Rewards are distributed at one-minute intervals.
Staking & Lock-up
Staking is only possible in integer units.
The lock-up period is 14 days.
If you unstake within the lock-up period, a 10% penalty will be applied to the requested amount.
If you stake additional PMG while already having staked PMG, the lock-up period will be reset. *It will be changed to 14 days from the time of additional staking.
ex) If you have staked 100 PMG with 3 days remaining in the lock-up period and stake an additional 50 PMG:
-> The total staked amount is 150 PMG, and the lock-up period for all staked amounts will be released 14 days from the time of staking 50 PMG.
Unstaking
Unstaking is only possible in integer units.
When unstaking, the requested amount plus the total accrued interest will be withdrawn simultaneously.
Reward Claim
When claiming rewards, the total accrued rewards will be withdrawn.
Partial withdrawal of accrued rewards is not supported.
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