Staking

Single-pool staking is the easiest way to earn rewards on 9inch.

You can stake 9INCH tokens to earn BBC tokens as rewards, no liquidity provision needed! Single-asset staking is a way for you to earn passive income without any impermanent loss risk, since you only need one token and no LP tokens at all. 9inch offers both flexible and locked staking

Flexible Staking:

Possible to insert more tokens to the stake.

Withdraw your tokens any time, along with all yield/rewards.

You can also harvest the yield any time leaving the principle staked.

There is though a 4% penalty on principle if withdrawing during the first 3 days.

This is to protect the community and staking contract from possible abuse.

After 3 days it is possible to remove without penalty.

On flexible staking there is a 2% performance fee that is applied only to BBC rewards.

APR is based on how big percentage your share is of the whole pool.

Locked Staking:

Withdraw your tokens and yield/rewards after a pre-determined time, anywhere from 1 - 52 weeks. Locking your stake will typically give you much higher APR than Flexible.

Locked stakes benefit from Performance Enhancer; up to maximum of 21x yield boost for 52 week stake. IE if you stake $100 worth for 52 weeks, it will compare to having $2100 in flexible pool.

Total APR/yield will be calculated by your percentage share of the pool vs other participants shares and can fluctuate as other people enter or leave the staking pool, and how long you are staked vs them.

Locked stakes can not be Emergency End Staked. You will be able to withdraw the principle and rewards only after stake has fully matured.

At any time you can add more tokens to locked stake. You then have the option to:

• Renew/extend the locking period

• Keep the original lock

Extending the lock will also renew the Performance Enhancer Yield boost up to max 21x.

Keeping the original lock period will recalculate the Performance Enhancer based on remaining time, which will obviously be less than what it was before.

Un-Staking:

Matured locked stakes have 14 days grace period to un-stake and withdraw rewards without penalty. After the 14 days the rewards will start to burn incrementally and after 90 days all rewards have been burned. You will still be able to withdraw your principle even after over 14+90 days, but you would not get any rewards. Thus, it is recommended to un-stake within 14 days after stake maturity.

Note: Unstaking a fully matured locked stake. You first have to convert to flexible, and then you can Pull Out from the staking pool.

Here's how single-pool staking works on 9inch:

Here's a quick step-by-step staking guide:

1. Navigate to the "Pools" tab on app.9inch.io and select the 9INCH pool.

2. Click on "Approve" to allow 9inch to access your 9INCH tokens.

3. Once approved, enter the amount of 9INCH tokens you want to stake in the pool and confirm the transaction.

4. Congratulations! You are now staking 9INCH tokens in the pool. As long as your tokens are staked, you will continue to earn BBC rewards.

5. The amount of BBC rewards you earn will depend on the total amount of 9INCH tokens staked in the pool and the duration of your staking period.

6. To unstake your tokens, simply click on "Unstake" and confirm the transaction. You will receive your staked 9INCH tokens back, along with any accumulated rewards.

Or read more in-depth instructions in Beginner's guide to DeFi - How to Stake

As part of the 9inch roadmap, we'll add single-pool staking for other tokens!

That means you'll be able to earn BBC rewards by simply staking your favorite project tokens. To get your community's token listed, simply head out to the Casting Couch