Staking
REMINDER! On September 22nd, right after the token listing, the subscriptions for the preparation period will be opened. The first 1000 addresses that sign up for the staking pool will be whitelisted and granted early access to the Access Point Nodes staking.
Will you offer any 3air staking?
Yes, we will offer staking of 3air tokens with the reward pool of 100 million 3air (12.05%), distributed over roughly 3 years. The rewards will be distributed weekly. An app will be provided for easy 3air staking starting on October 22, 2022, ~12pm UTC.
Read more on staking here: https://docs.3air.io/ecosystem/staking/
Will 3air create an app or a vault for holders to connect their wallets during staking? "Users will connect their wallets and insert the amount of tokens they want to stake"
Yes, we will provide an app for easy staking in the early stages.
What are the anticipated APY rates?
The floating APY pool does not grant a fixed APY on staking but balances the APY rate based on staking supply and demand. The pool grows on a logarithmic scale to match the token circulating supply.
Is there a limit to what someone can stake?
2,500,000 3air tokens per wallet
Can you please clarify this statement "This means early stakers will get higher rewards as the 625,000 3air tokens will be distributed over less staked tokens".
So if there are 625k tokens for rewards and there is 1M tokens staked you would get 0.625 token per staked token. 10M staked would mean 0.0625 per staked token etc. In the beginning less tokens will be in circulation so less will probably be staked. So the earlier the bigger the rewards, probably.
Using the word "staking" can cause confusion in the crypto space as it might implicate PoS.
Yes, we do understand that but we can't use the word yield from a legal perspective. We have been looking into rephrasing it, but the word itself does not in any way implicate that it’s PoS. Actually the word originates far before Crypto was even an idea. You can also look at Binance and staking there and you will see that majority of “staking” in Crypto doesn’t mean PoS. The word staking is not reserved for POS nodes. Yet as said, we do see how it can cause confusion. If you have an idea how to rephrase, let's hear it.
What happens to the token if the pool closes?
Staking pool can be discontinued at any point in time. On pool discontinuation, all tokens become immediately claimable. Claiming functionality must be available for a minimum of 24 weeks after pool discontinuation.
How does unstaking work?
Once a user clicks unstake, the 7-day unstaking period starts and only the first next reward is paid during this time. The tokens in unstaking are not captured in the next snapshot so the tokens will be equally distributed among other staked tokens for future rewards. Once the 7-day period is over, the user needs to claim their tokens.
Staking runs for three years, what happens after three years?
We are planning to launch our own PoS sidechain that will use the 3air token for powering and securing the network through validators.
Read more on staking here: https://docs.3air.io/ecosystem/staking/