AZC Staking Guide

Last updated 3 months ago

AZC Staking Guide

Welcome to the staking guide! Follow the instructions below to understand how to stake your assets, earn rewards, and manage your subscriptions.

1. Staking on the Marketplace

To participate in staking, you need have $AZC tokens into your Marketplace account. Staked tokens will be locked according to your chosen subscription plan.

If your AZCoiner account has completed KYC and has unlocked $AZC, it will be displayed in your Marketplace account.

If your AZCoiner account has not completed KYC and has no unlocked $AZC, you can deposit $AZC into the Marketplace for staking.

2. Rewards

The Annual Percentage Rate (APR) is the fixed interest rate applied to your respective subscription plan. Rewards are calculated daily and distributed as follows:

Accumulation Period: Rewards start accruing from the day after your subscription begins (starting at 00:00 UTC).
Distribution: Rewards are distributed to your L2 Wallet starting two days after subscription, between 00:00 UTC and 08:00 UTC.

Formula for Daily Rewards: Daily Rewards = Deposited Assets × APR/365 Note: The rewards are rounded down to 5 decimal places.

3. Subscription Cancellation

Please carefully consider your staking plan before subscribing. Once you stake your assets:

Lock-in Period: You cannot unsubscribe or withdraw your assets until the contract period ends.
Asset Usage: Locked assets will remain inaccessible during the contract period.

4. Available Staking Plans

There are four staking plans available. The APR for each plan may vary depending on market conditions:

12 Months (12M)
6 Months (6M)
4 Months (4M)
1 Month (1M)

Choose a plan that aligns with your financial goals and risk tolerance.

Note: Always double-check the APR and subscription terms before locking your assets. Staking is a great way to earn passive income, but it requires commitment for the contract duration.

Happy staking! 🚀