Introducing: Wrap Stacking

Welcome Stacking!

Wrap Stacking is the newest feature to the $WRAP tokenomics allowing $WRAP token holders to earn more $WRAP with their $WRAP tokens. Already available on app.tzwrap.com, Stacking allows you to stake your $WRAP tokens into a staking contract and receive $WRAP token rewards every block!

We’ve introduced stacking to provide incentives for users to hold their $WRAP tokens and reward the faithful $WRAP holders!

Stacking Rewards

So, let’s talk rewards…

As outlined in our announcement of new Tokenomics to the Wrap Protocol, 13% of weekly $WRAP distribution will be distributed to those willing to lock (a.k.a stack) their $WRAP tokens.

We see stacking as a super important feature of our Tokenomics and want to make it super rewarding to you!

How does this 13% allocation translate to your reward?

For the first 8 weeks, $WRAP stacking rewards will be of 4.195 $WRAP per block, which amounts to a little over 12,000 $WRAP per day!

These $WRAP rewards will be received pro-rata of the amount of $WRAP stacked by all $WRAP stackers!

Withdrawal fees

To further incentivize the $WRAP HODL wave, Wrap Protocol is implementing the following withdrawal fees.

• 25% withdrawal fee before 1 week
• 12.5% withdrawal fee before 1 month
• 6.25% withdrawal fee before 3 months
• 4% withdrawal fee after 3 months

These withdrawal fees will be burned directly upon withdrawal, adding further value to your $WRAP!

Remember that withdrawal fees apply to an unstaking transaction only, you can claim your rewards without unstaking!

Final Thoughts

We look forward to seeing your engagement with $WRAP stacking and we hope this new feature is exciting to our community!

Make sure to join our Twitter, Discord & Telegram to keep up with the protocol and the changes we are making to Tezos DeFi!

Get stacking!