Gcookie Gspark! Did you meet $SPK @sparkdotfi who came to us yesterday? When I looked at Spark's Twitter this morning, the token I had already staked I was surprised to see that it was over 10M, so I went and went to it, and it exceeded 20M, wow! Staking is risky, so let's take a look at why we stake so much?? 1⃣ What is SPK Staking? Users can stake SPK tokens to enhance the security of the Spark network (e.g., bridges, etc.) Start earning Spark Points and Symbiotic Points rewards instantly by staking. Now there's a new method, right? It was a moment when I became more curious about the purpose of Spark Point! 2⃣ How to stake Connect your wallet here and click the Stake button Enter the amount of SPK to stake and execute the transaction Start earning rewards immediately after completion! 3⃣ reward Spark Points and Symbiotic Points are two types of points that are credited immediately after staking. You can check the status of your rewards in the Spark app. 4⃣ Unstaking & Withdrawals Click Unstake → specify quantity → register withdrawal queue Minimum 2 weeks and up to 4 weeks unstaking waiting period There is a waiting period for Uns, so I think you should choose well and stag! You can check when withdrawals are available in the UI Click Finalize and withdraw SPK to your wallet through the transaction 5⃣ Withdrawal Delay Mechanism Based on Symbiotic's Staking Infrastructure (Epoch) Each epoch is 14 days, and can only be withdrawn after the end of the current + next epoch For example, if you unstake on day 7 of Epoch 38, → 7 days remaining in Epoch 38 + 14 full days of Epoch 39 = 21 days (Actually, I still don't understand it well, but the withdrawal is delayed anyway!) The good thing is that Spark Points will continue to accumulate while you are waiting for withdrawals 6⃣ Reasons for the delay Secure your network Prevent sudden and large withdrawals Safeguards to secure minimum collateral staking I'm sure @sparkdotfi's Spark Points are preparing a new reward system!! Happy SPARK day! Get started! 😍
Over 10m SPK staked! Overdrive 🏎️💨
Show original
56
13.06K
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.