Staking FAQ

What lock duration can we choose?

You can choose from 1-52 weeks.

What variables affect the POD Staking Pool APYs (Flexible and Locked Staking options)?

Since flexible staking and locked staking options are part of the same pool, the following variables affect the APY of both:
  • Total POD staked in flexible staking and locked staking (the sum of both). The more POD staked, the lower the APY.
  • Total locked POD in locked staking. The more POD locked means more yield boosts, resulting in fewer POD rewards for others (especially flexible staking).
  • The average lock duration of all POD locked in locked staking. If the average lock duration increases, APY will decrease.

Can I harvest the rewards during the locked period?

No. You can harvest the rewards only when the locked duration is ended. This is based on the yield/return we are providing as well as the technical implementations.

Can I extend the lock duration?

Yes. Extending the lock duration adds more time to your initial lock duration. When choosing to extend your lock duration, note:
New extended lock duration = initial lock duration + added duration

Can I remove my POD from locked staking via contract if I change my mind?

No. Your POD cannot be removed or withdrawn from locked staking at any point in time until your lock duration ends and your POD is unlocked.

What is the "POD Locked" amount?

The "POD Locked" amount is a user's initial locked POD balance plus POD rewards to date.
POD Locked = Initial locked POD balance + POD rewards
When adding more POD to locked staking, the "POD to be locked" amount is the user's initial locked POD balance, POD rewards to date, and the POD being added.

Can the Locked Staking POD pool APY change after I lock my POD?

Yes, the locked staking POD pool APY is variable. The locked staking POD pool APY is not fixed and is dependent on:
  • Total POD staked in the POD pool (the sum of both Flexible + Locked Staking).
  • The average lock duration of all POD locked in locked staking.
  • A yield boost (similar to a multiplier) calculated from a user's initial lock duration. The longer you lock your POD, the higher the yield boost.
For example, if you lock your POD for 52 weeks, your yield boost will be larger than if you lock your POD for 26 weeks. The yield boost increases linearly the longer you lock your POD.

Can I use both the Flexible Staking POD pool and the Locked Staking POD pool at the same time?

No. As mentioned above in the "What’s the difference" section, both options are part of the same, single pool. You currently can never have POD in both locked and flexible staking.
We have multiple solutions coming in the future to allow users to use both flexible staking and locked staking at the same time, but for now, you can choose only one of them.

Is there a fee for converting Flexible Staked POD to Locked Staked POD?

No. There are no additional fees for moving POD from flexible staking to locked staking, only network fees.

What happens at the end of the lock duration? What is "After Burning"?

When your locked staking period ends, and your POD unlocks, you have 7 days to complete one of two options:
  • Lock your POD to begin a new locked staking period or
  • Convert your staked POD to flexible staking (no 72-hour withdrawal fee).
During these 7 days, you will still earn POD at the same APY as your lock period.
After 7 days, if you have not done one of the two options, your staked POD will enter what is called "After Burning". In "After Burning", you will still earn POD, but a portion of your rewards will be sent to burn at a linearly decreasing APR over 90 days, where your APR will be 0% after 90 days.
The “After Burning” state will last for 90 days until all the POD rewards are burnt. So, to avoid missing out on POD rewards, we recommend starting a new locked staking period or converting your POD to flexible staking at the end of your lock staking period.