Yay! Staking Campaign
Yay! staking campaign aims to deploy a staking system and build a strong foundation toward the development of a web3 ecosystem.
Stake and earn rewards
In this campaign, participants can earn Yay! Gold and ???? points in addition to protocol points and yields from the staking vault based on the amount and duration of their staking.
*Details of the ???? points will be announced later. *For the detail of airdrop, please check here.
Launch Date
Opens on August 28, 2024, at 9 a.m. ET
How to participate
- Open the referral link, enter the code, or Click skip.
- Access the Yay! Dashboard and connect your wallet.
- Click the “Stake” button, select the staking Vault, and click “Next” (initially only StakeStone is available).
- Review the terms and conditions, and if there are no issues, click “Accept”.
- Enter the amount of ETH (mainnet) you want to stake and click “Confirm stake”.
- A pop-up will appear in your wallet for approval, then approve the transaction if agreed.
- Once the transaction is approved, the staking is complete.
- How to Unstake and Its Impact on Points
- Access Yay! Dashboard and connect your wallet.
- Select the staking vault you want to unstake from and click the "Details" button.
- Click on the "Unstake" tab.
- Choose between "Instant Unstake" or "Normal Unstake."
- Enter the amount you wish to unstake, and click “Confirm unstake” button.
- Confirm the transaction in your connected wallet and click “Confirm”.
- Once the transaction is approved, the staked assets will be unstaked.
- When unstaking, the entire amount of staked ETH will be unstaked. Accumulation of Yay! Gold will stop, but any Yay! Gold you have earned will remain.
- When you unstake ETH, your accumulated ???? point will reset to zero.
- If you stake again, you will continue to earn Yay! Gold from where you left off, but you will start earning ???? point from zero.
- Lock-up conditions and the impact on points upon unlocking may vary depending on the protocol, so please check each protocol's regulations before unstaking.
- Unstaking fees vary depending on each staking Vault.
- About Referral Bonuses
- By inviting acquaintances, both the inviter and the invitee can earn bonus Yay! Gold.
- When the invitee participates in staking using the referral link or entering the referral code, they will automatically receive a bonus of Yay! Gold.
- Referral Requirements
- One unique referral link is issued per wallet.
- Even if a user disconnects their wallet, the wallet information is saved, and referral rewards will apply the next time they stake.
- The referral limit per wallet is 50.
- Referral rewards are paid in Yay! Gold.
- Referral Reward: John, the inviter, receives 10% of the Yay! Gold allocation of the referred staker (Alexa in this example) during the staking period.
- Additional Reward for the Invited User: During the staking period, the invitee receives an additional +5% to their daily Yay! Gold rewards.
- *The staking Vaults will be added sequentially. The points earned, besides Yay! Gold and ???? points, will vary depending on the selected Vault.
Essential Information Before You Unstake
Example of the Inviter Receiving a Referral Bonus
John invites Alexa using his referral link. Alexa stakes ETH and, after daily reward calculations, receives 1,500 Yay! Gold from her staking amount. John receives an additional 10% of Alexa's 1,500 Yay! Gold reward, which is 150 Yay! Gold, separate from his staking rewards.
Example of the Invitee Receiving a Bonus
Alexa earns 1,500 Yay! Gold from her staking amount. Alexa receives an additional 5% of 1,500 Gold, which is 1,500 + 75 = 1,575 Yay! Gold in total.
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