$OVL3 Staking
Description of how to stake $OVL3
Staking is an entirely on-chain activity that allows you to earn rewards over time by holding on to your $OVL3.
You earn rewards while your $OVL3 is "staked" because of a "consensus mechanism" called Proof of Stake, which allows the blockchain to put your token to work. This mechanism ensures that all transactions are verified and secured without a bank or payment processor. If you choose to stake your token, it becomes part of the process.
APR is dynamic and will vary depending on the total number of participants and the volume of $OVL3 staked. The capacity of the pools and the number of $OVL3 tokens to be won will increase every quarter.
To access the Staking in OVAL3 please click the Token tab on the OVAL3 menu, or click here.
There are 2 different pools: Open and Locked.
Open Staking
Here are the key details for the open staking:
Lock: There is no-lock.
Duration: The open staking lasts for 1 year.
Max. capacity: The max capacity of the pool for the first quarter is 9,413,475 $OVL3 tokens.
Min. deposit: 10 $OVL3 tokens
Max. deposit: No maximum
Investment withdrawal: you can withdraw at anytime
Interest Claim: at any time every minute
Min APR: 10.85% (if the pool is full)
Current APR: 118% APR
Max APR: 10355050% (if only 10 tokens are stacked in the pool over a year)
Tokens to be won daily for the first quarter: 2,837 $OVL3 (up to 14,577 in the fourth quarter
Total Tokens to be won: 5,250,000 $OVL3
Locked Staking
Here are the key details of the locked staking:
Lock: 6-month locked
Duration: The locked staking lasts for 2 periods of 6 months
Max capacity of the pool for the 1st quarter: 6,275,650 $OVL3 tokens
Min deposit: at least 10 $OVL3 tokens
Max deposit: none
Investment withdrawal: Funds are locked for 6 months
Interest claim: at any time every minute
Min APR: 30% (if the pool is full)
Current APR: 465% APR
Max APR: 18826700% (if only 10 tokens are stacked in the pool over a year)
Tokens to be won daily for the 1st quarter: 5,158 $OVL3 (up to 19,532 on the 4th quarter)
Total tokens to be won: 9,750,000 $OVL3
Daily Emissions Schedule
| Daily Emissions per Quarter | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
Open Pool | 2837 | 2837 | 2837 | 6185 | 6185 | 6185 | 10743 | 10743 | 10743 | 14577 | 14577 | 14577 |
Locked Pool | 5158 | 5158 | 5158 | 11245 | 11245 | 11245 | 19532 | 19532 | 19532 | 26504 | 26504 | 26504 |
Example:
If you stack 100,000 $OVL3 on 1st January in the open pool and the pool is 5% full (470,674 tokens stacked).
You will earn 603 tokens per day, which is 21% (100,000/470,674) of the 2,837 $OVL3 daily tokens to be won.
If the pool stays like this, and you withdraw it after 3 months, you will have won 54,873 tokens in 3 months. This represents a 220% APR.
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