PolkaRare Staking launched with up to 90% APY

PolkaRare is very excited to announce the PRARE staking program in partnership with Ferrum Network.

This partnership will empower PolkaRare to offer multiple staking programs leveraging Ferrum’s infrastructure and platform.

Holders of PRARE tokens will now be able to stake their tokens and generate passive income. All you will need to do is stake your $PRARE and help in network operation.

But first, let us quickly grasp what staking APY (Annual Percentage Yield) means. APY indicates the rewards that you will receive for a staking duration of one full year.

To calculate the number of PRARE rewards you will receive at the end of the staking period depends on:

  • Staking duration

The Structure

You can stake your tokens and earn returns depending on the number of tokens you stake and the time for which you stake them. By staking $PRARE, you can earn a maximum annual percentage yield, or APY, of as much as 90%

Sapphire Pool

  • Pool Size: 3,000,000 PRARE

Staking Steps

  1. Download and install the Ethereum based web wallet MetaMask if you don’t have it already.

ERC contract address:0x2C2f7e7C5604D162d75641256b80F1Bf6f4dC796

BSC contract address:0xe6bf0e14e33a469f2b0640b53949a9f90e675135

  1. Deposit PRARE you want to stake into your MetaMask (plus enough ETH/BNB to pay gas fees)

Staking Details

Flexible Early withdrawal

Withdraw early, stake until full maturity, or withdraw somewhere in between. However, leaving early will lead to forfeiting some of the rewards.

Limited Time Period

There is only a limited time period to contribute to the staking pools (10 days or until the pool is full). The pools are limited in size; therefore, they will be selected on a first-come, first-served basis.

Staking Structures

We have put both rewarding and sustainable staking structures with two different pools, representing different time lengths and APYs. You may stake in more than one pool at the same time.

About PolkaRare

PolkaRare is a web3 economy that supports unique and precious digital assets. It is a multichain NFT marketplace powered by Polkadot, Polygon, Ethereum, and Binance Smart Chain. Its native token, PRARE, is a governance token that can be used as staking rewards, a medium of exchange, and for NFT farming. Polkarare will be a platform to showcase rare NFT collections which include licensed art, music, and sports cards.

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PolkaRARE

A web3 economy for unique and scarce digital assets Powered by Polkadot, Polygon, Ethereum and Binance Smart Chain.