Long-Term CREAM Staking

Long-term CREAM Staking is here! As mentioned in the post yesterday here, we are rolling out a new set of long-term staking contracts, where CREAM token holders can choose to deposit into long-term staking contracts for 1, 2, 3, or 4 years and receive CREAM rewards from these pools. Rewards will be calculated per block, based on each participant’s CREAM divided by Total CREAM in the pool.

Reward Pools

1 Year Pool — 35,000 CREAM tokens
2 Year Pool — 75,000 CREAM tokens
3 Year Pool — 165,000 CREAM tokens
4 Year Pool — 275,000 CREAM tokens

How Does It Work?

We are keeping the rules simple and easy to understand. This is the simple, long-term CREAM staking opportunity that our community has asked for. Rules are as follows:

1) Lock deposited CREAM until specified unlock date.
2) Distribute CREAM rewards linearly and proportionately per block between start and end dates.
3) Only upon the end date of the staking period will the smart contract allow for unstaking and withdrawing of both the reward and staked amount.
4) Locked tokens will not be eligible to participate in governance and voting during the lockup period.

There will be no admin unlock capability. Once tokens are staked, they are locked until the unlock date is reached. Please be sure that you are ready to commit to the 1, 2, 3, or 4 year locks before you stake. Pools will open for deposit very soon, around September 23rd, 11pm UTC+8, with rewards starting an hour later, around 11:59pm UTC+8.

Happy Staking!

C.R.E.A.M. DAO
Crypto Rules Everything Around Me, C.R.E.A.M.

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