BRBC Staking: Third Round
Another round of BRBC Staking is about to start! This long-awaited Staking Campaign brings some updates and surprises! One of the innovative features for Staking 3.0 is your personal NFT containing information about the staked amount and period!
Read more about the rules below.
On August 5th, 2022, Rubic will begin its 3rd Staking Round. One of its main provisions (total cap amount) was validated by token holders via governance.
There are some new rules for this round, so please pay attention to the detailed rules and parameters:
- The Staking contract will be deployed on the BNB Chain
- Users can deposit any amount of BRBC — a minimum of 1 BRBC
- Users can deposit BRBC at any time after August 5th, 2022, and until the program ends
- Staking Periods: 3 / 6 / 9 / 12 months
- Users can deposit BRBC multiple times (for any periods), but it needs to be a new lock each time
- Users can’t withdraw deposited BRBC until the chosen period ends
- After depositing BRBC, users will receive an NFT which contains information about the amount of tokens deposited and the period; NFT is transferable
- The Staking pool amount remains uncapped
- For the Earn rules, please check the Earn. section below
- Annual Percentage Rate:
The user’s APR is not static and depends on the pool share, BRBC amount, token price, Rubic’s revenue, and staking period. You can stake your tokens from 3 to 12 months, APR increases depending on the length of the staking period. For example, the users who staked their assets for 6 months will get more revenue in 3 months, than the users who staked only for a 3-month period.
The users who stake first will gain a maximum benefit due to a smaller number of participants and therefore receive bigger pool share.
Preliminary APR estimates are in accordance with their time periods (12-month-based, valid for a pool of up to 10M BRBC):
Now, we are glad to present you with a step-by-step guide on how to easily stake $BRBC and earn your rewards.
HOW TO GET BRBC TOKENS
You can easily obtain them on rubic.exchange or via the Rubic Relay Widget.
HOW TO STAKE
- Get BRBC via Rubic.exchange.
- If you already have RBC on Ethereum, please bridge your RBC to BRBC at https://app.rubic.exchange/?fromChain=ETH&toChain=BSC&to=BRBC&from=RBC
- Connect your wallet and choose the network (Binance Smart Chain) in MetaMask or other Wallet where the $BRBC stake will be made from. Please be aware that your staking deposit will ALWAYS go to the BSC blockchain smart contract.
- Press the “Stake” button on the Staking page and then confirm two separate transactions: one to approve and another one to stake.
- Done! Your BRBC tokens have been staked.
HOW TO GET YOUR REWARD?
- Each week, rewards will be added to the Rewards Pool on Mondays at 2PM UTC. Everyone who has joined the staking pool before that time, will be eligible for rewards from that pool throughout the week. Those who join after Monday at 2PM UTC will only be eligible for rewards starting the following Monday. Ergo, make sure you stake your BRBC before that time to ensure you will receive rewards throughout the following week!
- For eligible participants in the Staking Pool, their rewards are awarded and distributed with every block and in accordance with the pool share. These rewards are distributed from the Rewards Pool that is refilled each Monday.
- Rewards can be fully or partially in BRBC or USDC. Users can withdraw their rewards at any time, but not their initial deposit.
- Users have to wait until their chosen time period ends before being able to withdraw deposited funds. Rewards can be added back into the staking pool as a new stake, if users choose to do so.
Staking will allow Rubic token holders to participate in exclusive governance votes in the future. Those who stake more than 5,000 BRBC will be rewarded with reimbursement compensation for any cross-chain fees (except for the ones charged for swapping BRBC into RBC).
If you have any questions, please contact us at firstname.lastname@example.org.
Rubic is a One-Click Cross-Chain Aggregator which allows users to swap any of 15,500+ tokens, on and between 13 blockchains and receive the best rates from all leading trading providers. Rubic includes On-Chain & Cross-Chain swaps for Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Arbitrum, Gnosis, Fuse, Celo, Optimism, Moonbeam, OKC, and Cronos; with seamless fiat on-ramps and more!
Rubic provides the tools for crypto projects to become fully interoperable between blockchains with an easy-to-install widget and a fully customizable SDK. Rubic is already servicing more than 80 projects! Installation takes only 10 to 30 minutes and unlocks DeFi for any project, with access to over 15,500+ tokens across 13 blockchains, all available right on your website or inside your app.