Staking Barter (BRTR). Passive Income in Crypto.

Dmitry Zhukov
bartersmartplace
Published in
3 min readMay 29, 2024

In accordance with the Barter Smartplace project roadmap, the BRTR token staking protocol was created to incentivize users to support the ecosystem.

How does BRTR staking work?

Participants in staking (stakers) will share a total reward of 32.5 million BRTR, which constitutes 32.5% of the maximum issuance. The reward rate is set at 2% per month ( 24% annually) for TVL up to 16.25 million BRTR. The minimum staking amount to receive rewards is 100 BRTR.

As the locked value for staking exceeds 16.25 million BRTR, the rate will decrease as follows:

V — amount of BRTR (TVL / Total value locked) staked.

X — remaining BRTR in the staking pool for distribution.

If V>=16,250,000, then X/100 will be distributed monthly.

X = 32,500,000 (initial supply).

For example,
with a total TVL of stakers at 25 million BRTR, the rate will be:

325000 / 25000000 = 1.3% .

How to start earning BRTR passively?

  1. Visit the website: https://barter.company/stake
  2. Purchase BRTR on the Polygon network via Uniswap: https://app.uniswap.org/explore/tokens/polygon/0x6e7f6a2404ff6b4363b0a5085dbf7b78d46e04d7
  3. Click the “Connect Wallet” (Web3) button on the website and authorize: https://barter.company/stake
  4. To start staking or increase the token amount in the current stake, click “Add BRTR” and sign two transactions in your wallet: 1) specify and confirm the amount of BRTR tokens to be used; 2) click “Add BRTR” again and confirm the transfer of BRTR to the staking protocol.
  5. Staked BRTR tokens will be credited to your wallet at a 1:1 ratio with BRTR; the amount of stBRTR will increase every second and cannot be transacted, only stored in the staker’s account. The smart contract address for Staked BRTR tokens (stBRTR) is 0x66b66ae84d3d9b95065991eedbd1a6b8dfbfd9ae.
  6. To withdraw profits in BRTR tokens from staking, specify the amount in the “Remove” tab and click “Remove BRTR.” Staked BRTR tokens will be redeemed for BRTR at a 1:1 ratio, but in a larger quantity, as stBRTR allows for an increase in the original BRTR amount.
  7. Your staker address can be found in the general table at the bottom of the page, including rankings, shares, and total rewards. You can also view personal statistics in the “My Stake” section.

Key facts:

  1. Stakers can increase their BRTR amount by 100% over the entire staking period.
  2. The BRTR issuance will also increase by 100%, meaning that in addition to the current 32.5 million BRTR, another 32.5 million will be added through staking, making a total of 65 million BRTR.
  3. The full distribution of tokens totaling 32.5 million is expected within the next 5–8 years.
  4. Over 30% of the BRTR issuance is expected in staking during the first 3 months from launch.
  5. Stakers with a total TVL up to 16.25 million will earn 2% every 30 days on their deposit. Subsequently, the overall rate will decrease as TVL increases and remaining amounts decrease.
  6. By increasing your BRTR amount through staking, you also increase your share as a participant in Barter DAO for management and profit distribution.
  7. The quantity of stBRTR increases in the staker’s wallet every second.
  8. BRTR staking on the Polygon blockchain.
  9. 100 BRTR — the minimum staking amount to receive rewards.

Join BRTR staking now to start earning rewards at the maximum rate from day one.

Stake BRTR and passively grow your deposit by 2% per month: https://barter.company/stake

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Join the community:

https://linktr.ee/brtr

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