$SOULS Staking: Live Now

We are thrilled to announce that staking $SOULS is now available in The Unfettered!

As the native token of The Unfettered, $SOULS holds a central role in the game’s ecosystem. It is a deflationary token with various use-cases, including purchasing in-game items, trading NFTs on the marketplace, repairing equipment, participating in the governance mechanism of The Unfettered DAO, and buying/selling land NFTs within the game.

Now, with the introduction of staking, players can further leverage their $SOULS holdings to generate additional rewards.

How to Stake $SOULS

To start earning passive income through $SOULS staking, follow these simple steps:

• Platform: Head over to our official staking platform, (https://stake.theunfettered.io), to begin the staking process.

• Connect Your Wallet: Connect your compatible wallet to the staking platform. This will allow you to access your $SOULS tokens and interact with the staking mechanism seamlessly.
• Select Staking Duration: Choose your preferred staking duration. We recommend opting for the 12-month duration, offering an attractive 75% annual percentage yield (APY) rate. However, you have the flexibility to select a different duration (3-month (30% APY rate), 6-month (45% APY rate) and 12-month (75% APY rate)) that suits your investment strategy.
• Stake $SOULS: Once you have chosen your desired staking duration and the amount of $SOULS you intend to stake (min: 5,000 $SOULS), the platform will provide you with an estimated projection of the rewards you can anticipate earning throughout the staking period. To complete the process, simply click on the ‘STAKE’ button and finalize your staking transaction.

Calculating Staking Profit and Penalty Fee on Emergency Exit

The profit generated from staking $SOULS can be calculated using the following formula:

p= (n*r*d) / 365

p: profit
n: stake amount
r: APY rate
d: stake duration

However, it is essential to note that early exits from the staking period will incur penalties. The penalty rate can be determined using the following formula:

pr = (r -((r * doe) / d)) / 100

pr: penalty rate
r: APY rate
doe: duration on exit
d: stake duration

Let’s explore a couple of examples to illustrate how staking rewards and penalties work:

• Staking without emergency exit;

Staked amount: 1,000 $SOULS
Staking duration: 12 months
APY rate: 75%

Profit: (1,000 * 0.75 * 365) / 365 = 750 $SOULS
Result Amount: 1,000 + 750 = 1,750 $SOULS

• Staking with the emergency exit on the 6th month;

Staked amount: 1000 $SOULS
Staking duration: 12 months
APY rate: 75%
Duration on exit: 6 months

Profit: (1,000 * 0.75 * 180) / 365 = 369.86 $SOULS
Penalty Rate: (75 -((75 * 180) / 365)) / 100 = 0.38
Penalty Amount: (1,000 + 369.86) * 0.38 = 520.54 $SOULS
Result Amount: (1,000 + 369.86) -520.54 = 849.32 $SOULS

Penalty fees on emergency exits are applied to the total amount of the staked funds and the accumulated income. The penalty rate starts at the same rate as the APY and gradually decreases over time until it reaches zero at the end of the staking period. This means that while the staking rewards increase throughout the staking duration, the penalties applied in the case of an emergency exit will decrease, allowing for maximum profitability at the conclusion of the staking period.

Staking Contract Addresses

3 Months Staking Contract: 0xbce889a7688b7A0115bf81fCc786d7376E2D6aC7

6 Months Staking Contract: 0x3f5E5688Db132C8e5Ab866D68634f2e5C40d33A9

12 Months Staking Contract: 0x682F9868B23169272BD45D4915AfF0411d2dfaD0

Be aware of scams: As the popularity of $SOULS staking grows, it’s crucial to remain vigilant against fraudulent or scam staking platforms and contracts. Always ensure that you are accessing the official staking platform of The Unfettered and Polygon verified contract addresses to securely stake your $SOULS.

Conclusion

With the launch of $SOULS staking, The Unfettered provides players with an exciting opportunity to earn passive income while actively participating in our immersive gaming experience. By staking $SOULS, players can secure attractive rewards based on their chosen staking duration and the amount of tokens staked. Start staking your $SOULS today and unlock the full potential of The Unfettered.

The Unfettered

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