CHMB Staking: Frequently Asked Questions
How to Stake CHMB
Stake Here:
https://staking.chumbivalley.com/
Laptop/Desktop Tutorial:
Mobile Tutorial:
Staking Frequently Asked Questions:
What pair is required?
No pair is required for staking. CHMB is all you need to stake (Single token staking).
What network is CHMB staking on?
BSC
Can I stake using mobile Metamask?
Yes, but If you experience trouble using Metamask on mobile, we recommend staking using the Metamask plugin on either laptop or desktop computers.
Will the APR be fixed?
The APR will start extremely high and go down as more people stake. The targeted minimum APR is 100% for the 3 month pool, 150% for the 6 month pool, and 200% for the 12 month pool.
How low can the APR go?
The APR will actually start much higher and decrease over time as more users stake. 100%, 150%, and 200% are the targeted minimums.
Will the tokens be locked?
Yes, the tokens will be locked for the duration of the staking period. You can choose between 3, 6, and 12 months. The longer you lock, generally the higher the APR. Please note that staking for the full duration is only possible if you start staking on day 1 (at staking launch). The staking UI will display how much of the lock duration is left if you start staking later than day 1.
Will it be possible to unlock early?
No, you will not be able to unlock your tokens until the end of the lock period.
What’s the advantage of staking on the Chumbi Valley website vs the liquidity pool on PancakeSwap?
The advantage of staking using the Chumbi Valley website is that you will get a higher APR and there is no token pair required.
What does APR mean?
APR means ‘Annual Percentage Rate’. If the APR was to stay at 100% a user would earn 100% of their tokens as rewards after a full 12 months. This would also be equivalent to 8.33% per month, or 0.27% per day.
Is it possible to have an auto-compound for the staking?
At this stage, auto-compounding is not supported.
Is there a maximum amount a user can stake?
There is no individual user maximum, however, the pools do have a staking cap.
How do I withdraw my staking rewards?
Users will be able to withdraw their staked tokens + staking reward in full at the end of the locking period using the same staking UI.
In Discord, do we need to take any actions with collab.land for keeping the holder roles/badges after staking our tokens?
If you lose your Discord badge due to staking your tokens, please contact one of our moderators to assist you.
Will there be different badges for holders and stakers?
We are looking for a way to integrate a staking badge, this is still in discussion.
Is there a maximum or minimum amount a user can stake?
There is no minimum amount (1 CHMB is the minimum)
There is no maximum amount. (There is however a cap per pool)
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