Everything you need to know about staking PEAKDEFI
Lock in your PEAK to receive more PEAK. The more you stake the more you get. The longer you stake the more you get. The earlier you start the more you get! Ready to stake?
What is PEAK Staking?
Besides investing in the PEAKDEFI Global Fund you can grow your Capital by Staking PEAK. At a very basic level, “staking” means locking your crypto assets for a certain period of time for a specific purpose. With regard to PEAK you’ll get Rewards for decreasing the current circulating supply in the Market and stabilizing the PEAK price by locking your PEAK on the PEAKDEFI Platform. 1 Bln. are reserved for Staking Purpose. 700 Mio. PEAK are reserved for “natural” Staking Rewards, 250. Mio. PEAK the for so called Protection Staking and 50 Mio. are reserved for Referral Ranking Bonus. You can earn up to 83% in natural PEAK Staking per Year!
PEAKDEFI Rewards Breakdown: Bigger and Longer Bonus and Early Factor
The PEAK-Staking Formula depends on 3 Parameters: The Amount of PEAK to stake (Bigger Bonus), the period of time you are willing to lockup your PEAK (Longer Bonus) and the stage when you start staking (Early Factor). The amount of PEAK staked (s) can be 10–1,000,000 PEAK. The time the PEAK are staked for (d), can be 10 to 1,000 days.
How to Stake PEAKDEFI
Step 1
Go to www.peakdefi.com and click “connect” to connect your Metamask wallet that contains both a balance of PEAK and ETH.
Step 2
Once inside the investor portal click into the “Rewards” section on the left hand side.
Step 3
Once in the “Rewards” section click “Stake PEAK”
Step 4
Once in the “Stake PEAK” section please define the amount of PEAK you want to stake as well as the amount of days that you want to stake for. Please note that an expected reward calculation will update on the right hand side as you update the two variables. Click “Stake” when ready.
Step 5
Now that you have clicked “Stake” you can hit “Confirm” in Metamask to allow PEAKDEFI to spend your PEAK. Wait for the allowing transaction to confirm before proceeding. Next you will be able to verify the transaction details on Metamask and hit confirm to Stake your PEAK. You can verify all transactions on a block explorer to see if they get confirmed.
*If you are having trouble getting a transaction to confirm it could be due to not enough gas – try increasing your allowable gas fees for the transaction.
Conclusion
Staking PEAK is relatively straightforward and easily compatible with Metamask. You can monitor your rewards from the PEAKDEFI investor portal.