Staking
The Staking feature in DeXe DAO Studio is a transformative tool designed to enhance member engagement, incentivize active participation, and support the growth of DAOs. This feature empowers DAO participants to lock their governance tokens and earn rewards while contributing to the stability and governance of their community. Let's explore how staking works in DeXe, its key benefits, and how DAOs can effectively leverage this functionality.
Key Features of Staking in DeXe DAO Studio
1. Rewards for Participation
Participants can stake all or part of their governance tokens in one or multiple programs.
Staking rewards are distributed directly from the DAO Treasury.
Rewards are proportional to the number of tokens staked and the duration of staking.
This direct connection between contributions and rewards encourages active and dynamic participation.
2. Integrated Governance
Staked tokens remain eligible for voting, ensuring participants maintain their influence in governance.
Staking and governance are seamlessly integrated, balancing incentives and decision-making power.
3. Customizable Staking Programs
DAOs can define parameters for staking programs, including:
Governance and reward tokens.
Staking duration and reward pool allocation.
Up to 10 staking programs can run simultaneously, providing flexibility for different community needs.
Programs are activated through community proposals and voting, ensuring transparency and alignment with DAO goals.
4. Audited and Secure
The staking mechanism has undergone a thorough audit by AmbiSafe, ensuring robust security and transparency.
5. Transparent and Informative
Each staking program displays clear metrics, including:
Total rewards and locked tokens.
Current Annual Percentage Rate (APR).
Remaining time in the program.
How to Activate Staking in Your DAO
Navigate to Proposals > Launch Staking Proposal.
Configure the staking program:
Select governance tokens for staking.
Define reward tokens and allocate the reward pool (limited by the DAO Treasury balance).
Set the staking duration (minimum: 1 hour, maximum: 273 years).
Add a descriptive title and summary for the program.
Sign the transaction for staking activation:
This step is required only the first time activating staking in DAO, after this activation, all subsequent staking proposals will skip this step.
Submit the proposal for voting.
Upon approval and execution:
The staking tier is automatically created.
Staking becomes active for the DAO.
Participating in Staking
Open the Staking Tab on your DAO’s profile page.
Explore available staking programs, reviewing details such as:
Reward pools and locked tokens.
Remaining time and current APR.
Select a program, specify the token amount, and confirm your stake.
Monitor your staking progress in real-time, including:
Amount staked.
Remaining duration.
Updated APR and participant count.
Reward Distribution
At the end of the staking period, rewards are distributed proportionally based on:
The number of tokens staked.
The duration of staking participation.
Participants can claim their rewards directly through the Staking Tab.
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