In this present article we will elucidate the new tool on PipeFlare and how you can do it!
What is staking?
Staking is where you earn interest for letting your crypto/tokens sit without doing nothing, some places there's a lockup and usually the higher the period you're locking it up the higher the interest rate!
Now going straight to the point..
PipeFlare Staking
So PipeFlare staking has some differences and i will be listing down bellow:
For Supporters/Premium users the max you can reach is 10% APY.
For Free users the max you can reach is 5% APY
You can activate the stake without the lockup however the APY is quite reduced since you can withdraw whenever you want!
This image above clarifys those points listed previously.
If you choose to stake your FLR tokens you will be eligible to pariticipate on those Premium Airdrops (some are quite nice)
Conclusion
I've decided to stake all of my FLR tokens since I don't see much use (yet) as you can see the image bellow and it's something that you can actually consider, if you don't want to lock it up there's the option of no lock up.
