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Bond Staking

Unit Network / Explore / UNIT / Community

Overview

Bond Staking, Bonding or Yield Farming as it is also known is the process of staking your tokens for a chosen (or specified) amount of time to earn token rewards. This is not to be confused with Liquidity Pool Staking which serves a different purpose.
The idea is simple: Put your UNIT tokens into the bond staking pool, and you claim back the tokens you staked, along with an additional tokens you are rewarded for “locking up" your UNIT tokens.
Bond staking is also be available for all tokens created on Unit Network. The token administrator will be able to set the fixed APY from 1-30% and specify unbonding period from 0-28 days. Any user may also add additional tokens to a bonding pool if they choose.

Use

  • Gradually increases circulating supply of UNIT
  • Consistent rewards for early users, helpful to incentivise community growth
  • Allows any UNIT Token holder to increase their holdings without buying additional UNIT
  • Supports network growth by reducing selling pressure

Conditions

  • There is no cost to bond stake or unstake your UNIT tokens
  • There is a 28 day unbonding period where your UNIT will remain locked within the pool. During this time your UNIT will not be earning any rewards. After 28 days the UNIT tokens automatically be returned to your user wallet.
  • Each daily bond staking reward must be claimed within 28 days of issue or it will be returned to the bond staking pool.

Bonding Schedule

Bond staking rewards for UNIT will be fixed at 10% APY with a 200m UNIT pool and a 28 day unbonding period. Based on this, the more users that stake the faster the pool will diminish vs. a variable rate schedule which reduces staking rewards based on a higher number of users staking.
  • Tokens claimed from bond staking rewards will be immediately sent to a users wallet
  • Users are able to unbond any amount of their total tokens staked at any time which will be subject to a 28 day unbonding period
  • Users are able to cancel any unbonding requests within the 28 day period, though they will not be awarded any of the potential UNIT that could have been earned during that time
  • Users will be able to claim the bond staking rewards daily and re-stake for compounding returns
Bond staking is also be available for all tokens created on Unit Network. The token administrator will be able to set the fixed APY from 1-30% and specify unbonding period from 0-28 days. Any user may also add additional tokens to a bonding pool if they choose.

How to Bond Stake / Unstake

  1. 1.
    Select the Wallet page from the left navigation panel and choose Staking
2. In the Bond Staking module, enter the amount of UNIT you would like to Bond Stake or remove if you have have staked tokens already.
3. In the Bond Staking Rewards module you can see current pool data and the rewards you can expect to accrue each week. As the rewards are claimable daily you might consider re-staking the newly generated UNIT for compounding rewards.