$GEM Staking
$GEM can now be staked on our platform to earn native yield in additional $GEM tokens. By following these steps, you can maximize your $GEM earnings through staking on our platform.
How it works
Access Staking Page: Go to app.gembox.wtf/staking and connect your wallet with $GEM tokens.
Approve and Stake: Approve the amount you wish to stake and sign the staking transaction.
Earning Yield: Your staked $GEM will accumulate an annual percentage return (APR) based on several factors, including your staked share, the total staked amount in $GEM, and the potential $GEM yield. The yield may vary depending on these parameters.
Collect $GEM
You can collect your accumulated $GEM rewards at any time by clicking the "Collect" button and signing the transaction. Collecting your rewards is not affected by the penalty period.
Withdraw staked $GEM
You can withdraw your staked $GEM at any time. However, please note that there is a 30-day penalty period.
30-Day Penalty Period
To prevent malicious activities such as staking and unstaking close to yield distribution times, a 30-day penalty period has been implemented. If you withdraw your staked $GEM within this period, 10% of your staked amount will be automatically retained and redistributed among other stakers.
Restake $GEM
You can increase your staked amount at any time by restaking your accumulated $GEM rewards. This will increase your total staked amount and yield. Be aware that restaking will reset your penalty period to 30 days.
Yield Sources
$GEM yield starts with two main sources: Equalizer Exchange Fees and Rewards & $GEM Bribes.
Equalizer Exchange Fees and Rewards
Trading $GEM on the Equalizer exchange generate $GEM fees and SCALE rewards. The accumulated $GEM fees are fully distributed among the stakers, while SCALE rewards are partially locked for veSCALE to vote on the $GEM pool, allowing it to receive more SCALE as LP and the other part is traded into $GEM and used as yield.
$GEM Bribes
A portion of the $GEM bribes also contributes to the yield. When someone burns their BOX, 5% of the bribed $GEM is burned. This percentage is adjusted to 2.5% burned and 2.5% distributed to $GEM stakers.
These measures ensure a fair single-sided yield opportunity for all stakers. More sources are still to explore and will be added.
Providing Liquidity to Equalizer.Exchange
Additionally, anyone can deposit GEM/ETH into the Equalizer pool to receive additional SCALE rewards.
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