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Staking
Note: Dione Protocol does not guarantee any return on value. The Dione Staking Program is a decentralized, community-driven smart contract that allows community members to interact with the contract in order to gain additional "rewards" for their staked Dione tokens. The rewards and terms of the program are provided below.
The anticipated end date for this staking program will be aligned with the deployment of the mainnet and will be announced in the coming months.
Rewards
Penalties
Penalty Pool
Staking Time Lock
The return will be 1% per 30 days of staking (i.e. if the mainnet is launched after 8 months, users who staked on the first day will receive 8% in total, in addition to the perks mentioned below).
The following perks are in addition to 1% per 30 days reward.
- Full tax reimbursement (i.e. 2%)
- It implies that if a user stakes on the first day, does not withdraw before the launch of the mainnet and the mainnet is launched after 8 months of staking, the total rewards will be 10%
- Share of the penalty pool (distributed among all current stakers based on their staked amount)
Quick Calculation (an example)
Assuming that a user stakes on the 1st day and does not unstake before being migrated to our mainnet:
- 1.Rewards received: 8%
- 2.Tax reimbursement: 2%
- 3.Share of the penalty pool: Depends on the amount staked
Result: The user will get a total return in the range of 10%-12% within 8 months in addition to the principal amount.
Important: All holders that do not unstake will get their principal investment, APY reward, tax reimbursement, and the share of the penalty pool in Dione Native Coins after migration and consolidation.
If the users unstake before consolidation, they will be subjected to the following penalties:
- 1.Withdraw under 1 month post-staking: 7% penalty and the holder will not get back the 2% tax
- 2.Withdraw under 3 months post-staking: 6% penalty and the holder will not get back the 2% tax
- 3.Withdraw anytime before we migrate to our blockchain but more than 3 months post-staking: 5% penalty and the holder will not get back the 2% tax
Important: If the users unstake before migration, their prorated reward and penalties will be calculated and the due rewards along with the principal investment will be disbursed in Dione tokens.
100% of the penalties that are accrued from holders withdrawing their staked Dione tokens early before the staking period expires will have their penalty % sent to a "Penalty Rewards Pool".
Dione Protocol will utilize this pool to pay out additional rewards to holders who have fulfilled their staking time.
It should be noted that:
- 1.There is no minimum staking amount required
- 2.The maximum staking amount allowed per wallet is 2% of the supply
- 3.30 days before we end this staking program, the new stakers will ONLY receive 1% per 30-day return (or prorated, whichever is applicable)
Last modified 9d ago