Last updated on July 7th, 2022 at 11:43 am
SolChicks recently announced that holders of its native tokens, $CHICKS can now stake their tokens to earn APY. As of the 5th of February 2022, the dashboard is available and anyone can seamlessly stake their SolChicks native tokens.
Staking on the intuitive dashboard is quite simple because of the top-notch user interface. To begin the staking process, head to the SolChicks staking website now.
https://staking.solchicks.io/
How to stake $CHICKS tokens
Anyone can stake the $CHICKS tokens, as long as they have a compatible wallet like Phantom or Solflare.
The wallet should have the native tokens and $SOL for the transaction fees. Gas fees are about 0.1 $SOL.
SolChicks has pegged the minimum staking quantity at 2000 $CHICKS, and its minimum staking period is eight (8) weeks.
When $CHICKS tokens are staked, the user is given xCHICKS, which gives them a percentage of ownership of the $CHICKS token pool. As more $CHICKS are staked by a user, the higher their potential rewards are.
Those that decide to withdraw their staked tokens before the eight (8) weeks will be subject to a twenty percent fee.
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