For $VANA Stakers
Why Stake $VANA?
Staking $VANA is your chance to actively support the Vana ecosystem while earning rewards. By staking to DataDAOs, you:
- Grow your holdings: Earn proportional rewards based on your stake and duration.
- Back innovation: Support pools that drive data contributions for unique & useful data sets.
- Maximize rewards: Commit longer to increase your multiplier and unlock greater returns.
How to Stake in DataDAOs
Step 1: Choose a DataDAO
- Explore the list of DataDAOs on the future DataHub dashboard.
- Evaluate each DataDAO based on:
- Ranking History: Consistent Top 16 placements indicate a stable pool.
- Treasury Allocation: Pools that allocate more rewards to stakers may offer better returns.
- Community Activity: Active DataDAOs often offer incentives and engage their contributors.
Step 2: Allocate Your Stake
- Select your preferred DataDAO and decide how much $VANA to stake.
- Your stake is immediately reflected in the DataDAO’s total, helping boost its ranking.
Step 3: Wait for the Rankings
- At the end of the 21-day Rewards Cycle, the Top 16 DataDAOs are determined based on total stake and unique data contributors.
- Only these pools earn rewards for the Rewards Cycle.
- If your DataDAO doesn’t make the cut, your stake remains safe, and you can reallocate it in the next Rewards Cycle.
Step 4: Earn Rewards
- Rewards are calculated based on:
- Your stake amount.
- The duration of your stake.
- The size of the reward pool earned by the DLP.
Step 5: Claim Rewards
- Rewards vest over the next Rewards Cycle (21 days) after being granted.
- Claim vested rewards incrementally with each block during next Rewards Cycle. Or wait for the entire amount to unlock.
- Examples:
- Example 1: Sarah earns 2,100 $VANA in Rewards Cycle 1. She claims ~100 $VANA daily for 21 days during the Rewards Cycle 2.
- Example 2: Mike earns 1,500 $VANA in Rewards Cycle 1 and waits 21 days to claim the full amount at once at the end of the Rewards Cycle 2.
- Example 3: Emma earns 3,000 $VANA in Rewards Cycle 1, claims 1,500 $VANA on Day 10 during Rewards Cycle 2, and the remaining 1,500 $VANA on last day 21 of this Rewards Cycle.
How the Multiplier Works
The staking multiplier is a reward booster that increases the longer you keep your $VANA staked. It incentivizes long-term staking by giving your stake more weight in calculating rewards over time.
- Starts at 1x: When you first stake, your multiplier is 1x (no bonus).
- Gradually increases: The multiplier grows over time:
- 1.5x at Day 21 (1 Rewards Cycle).
- 3x (maximum) at Day 63 (3 Rewards Cycles).
- Example:
- If you stake 10,000 $VANA for 63 days, your rewards are effectively tripled for that Rewards Cycle.
Tips for Staking Success
- Start Early in an Rewards Cycle
- Maximize rewards by staking from Day 1 of the 21-day Rewards Cycle.
- Diversify Your Stakes
- Spread your $VANA across multiple DataDAOs to reduce risk and increase reward opportunities.
- Commit for Longer
- Benefit from the multiplier effect by staking for at least 63 days to triple your reward potential.
- Monitor Rankings
- Check the future dashboard regularly to ensure your chosen DataDAO remains in the Top 16.
FAQs for Stakers
What happens if the DataDAO I staked in drops out of the Top 16?
- You won’t earn rewards for that Rewards Cycle, but your stake remains safe, and you can reallocate to another DataDAO.
Can I unstake my $VANA at any time?
- Yes, but tokens become accessible after a 7-day withdrawal period. Unstaked tokens during this stage won’t be counted toward further rewards.
What if I forget to claim my rewards?
- Unclaimed rewards remain in your account and can be claimed at any time.
Ready to Start Staking?
- “Follow our page onX!” To be the first to stake on upcoming Mainnet!
- Need Help? Explore Discord
Updated 7 days ago