3️Lazy Zone
Sprint Project: SWP Staking Service
In the Sprint project, we are planning to introduce a SWP staking service. This service will allow users to lock-up their SWP tokens for a certain period of time, and in return, they will receive rewards in the form of additional SWP tokens. The rewards are calculated based on an Annual Percentage Rate (APR) which varies depending on the lock-up period chosen by the user.
Here's a tentative structure for the staking rewards:
30-Day Lock-up: Users who choose to lock-up their SWP tokens for 30 days can expect to receive an APR of 10%. This means that if a user stakes 1000 SWP tokens, they would earn approximately ~8.2191 SWP tokens as a reward at the end of the 30-day period.
90-Day Lock-up: For a 90-day lock-up period, the APR increases to 15%. Using the same example, a user staking 1000 SWP tokens would earn around ~36.9863 SWP tokens as a reward.
180-Day Lock-up: Users opting for a 180-day lock-up period can expect an APR of 20%. In this case, a user staking 1000 SWP tokens would earn approximately ~98.6301 SWP tokens as a reward.
365-Day Lock-up: For those who are willing to lock-up their SWP tokens for a full year, the APR is set at 30%. Therefore, a user staking 1000 SWP tokens would earn around ~300.000 SWP tokens as a reward.
Please note that these APR rates and reward calculations are subject to change based on market conditions and the overall performance of the Sprint project. We recommend users to carefully consider their staking decisions and always stay updated with the latest information from Sprint.
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