🔵STAKING
Introduction to Bond staking
Someone is said to have a stake in a venture when they contribute some assets in exchange of exercising some level of control, influence, or participation in its activities.
In the bond finance world this is understood as giving users some kind of right or reward for as long as they don’t transfer some tokens in their possession. A staking mechanism usually encourages token holding against token trading, which in turn is expected to drive up the token valuation.
At BOND FINANCE we believe that transparency and information exists to be shared, and here The whole project including development environment and tests is available from our contract.
The staking mechanism
staking token. BNDc & USDB
Data structures to keep track of stakes, stakeholders and rewards.
Methods to create and remove stakes.
A rewards system.
the interaction
Staking BNDc & USDB Tokens
Here’s how to get started:
Launch the bond dApp.
Connect your Web3 wallet i.e. Metamask.
Once your wallet is connected, switch to BSC NETWORK by selecting it on the dropdown menu.
Click BND Farming and select Staking BNDc OR USDB
Choose your staking rate option.
Click Approve BND to confirm.
As an important reminder, you will be prompted to approve the allowance of BND before you can proceed. Kindly wait for the transaction approval to complete before proceeding to stake.
Getting Your Rewards
Once your staking period matures, your reward will start vesting over a span of 1 week.
While we are working to make the vesting process automatic once your staking period is up, this feature is currently not available yet.
This is why in order to initiate the 10-week vesting period once your staking period is done, you will need to un-stake your BND.
To do this, here’s how:
Launch the Bond DApp.
With your wallet connected, select Vesting BND.
Un-stake your BND balance.
Click Approve BND to confirm.
STAKING Contract 0x61046504A03B0bdD1679B27f8cA1f8841a533D70
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