Under default settings, we automatically credit the Staking rewards to your staked amount. Click on the toggle button to change it to Manual (or Automatic).
It is the number of tokens you have chosen to withdraw from stake till now. These tokens are available for withdrawal after the block timer ends. If you wish to make an immediate withdrawal, i.e., before the block timer ends, you can do so by paying a penalty of 20% of the amount set for withdrawal.
You need to remove(unstake) some DMZ to withdraw them.
Frequently Asked Questions
What is staking? How will it help me?
Staking tokens is a great way to earn passive income - just as you might do via a bank's savings and interest account. Staking will push DeMons' network's decentralisation to a new level while bringing more benefits to our wider community.
The APY for non-custodial staking will depend on the total amount of $DMZ in circulation being staked for 6 months.
What is the minimum stake amount of $DMZ?
The minimum stake amount is 1 $DMZ.
What is the unstaking? Do you have any?
It is the minimum amount of time you must stake your $DMZs. Yes, we have an unstaking period of 2 weeks.
What penalty do I pay if I withdraw my stake before the expiration of the unstake period?
The penalty will amount to 20% of the total $DMZs you want to unstake from the Staking Portal.
What APR do you offer?
We currently offer a fixed APR of 35%
How can I withdraw my stake?
• Click on the Remove Stake button and fill in the amount you wish to remove from the stake. This amount will be programmed for withdrawal, and you won't receive any rewards on this amount.
• Confirm the withdrawal in the Withdraw Stake section either immediately with the penalty or when the block timer ends.
What is the maximum time I can stake my $DMZs?
The maximum time you can stake your $DMZs is 4 months starting from 19th May'22.
When will I get my staking rewards?
Staking rewards are auto-credited to your wallet by default. You can change the setting to Manual by using the toggle button in the Rewards section.
Why was staking paused?
The team discovered technical issues in the Staking Smart Contract. We have resolved these issues, and the Staking Portal is now operational.
What happened to my previous rewards?
We have airdropped appropriate rewards to those who had staked their $DMZs under the former Staking Smart Contract.
Do you charge any fees for staking $DMZ?
While we do not charge any fees, every transaction on the Zilliqa blockchain will cost you a fraction of a ZIL.