DIA Staking Program

After successfully passing the DAO proposal, the DIA Staking Program is now live. DIA holders can now earn yield in DIA tokens by locking DIA tokens in an interest yield contract. Read more to learn the details and participate.

DIA Core Team
DIA Insights
4 min readApr 23, 2021

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Update July 1, 2021: Participation in the DIA Staking Program is now closed. Payouts will take place after the selected runtime (9, 12 or 24 months).

Overview

The DIA DAO voted to launch a new staking program designed to reward long-term token holders and create positive supply and price effects. The proposal successfully passed in favour of a decentrally hosted staking option.

The program enables DIA holders to earn yield in DIA tokens by locking DIA tokens in an interest yield contract. The program allows token holders to allocate tokens to a smart contract that will yield varying yields in DIA for runtimes of 9, 12 or 24 months, respectively.

Program details

  • In total, a maximum of 300.000 DIA tokens can be allocated to the DIA Staking Program across all runtimes. Participation orders may be partially filled, depending on the availability of the program.
  • The DIA tokens participating in the staking program will be locked in a smart contract. This will provide transparency and mitigate the possibility of an over-collateralization.
  • Smart contract address: 0x90Ef220F222e8c319504bdB510a2B739222a5f4f

Timeline

  • Participation in the program is enabled on April 23, 2021, 16:00 CEST.
  • Participation will be possible until June 30, 2021, 23:00 CEST.

Yield determination structure

A total maximum of 300.000 DIA tokens can be allocated in the program between all participating DIA holders. The yields displayed in the table below are the yield calculations for the whole pool of 300.000 DIA tokens of the staking program.

Time period involved in months or years, following the 30/360 day count convention method.

Program methodology and more details can be found here.

How to participate

To access the DIA Staking Program interface and participate, head over to staking.diadata.org and follow the next steps:

Step 1: Connect your wallet

  • Connect the wallet that holds your DIA tokens. You can connect via Metamask or WalletConnect.
  • When prompted, confirm/approve.

Step 2: Enter DIA amount and program runtime

  • Enter the amount of tokens you wish to allocate and set the runtime you wish to lock them in for.
  • The amount of DIA you will earn and the total accrued amount you receive back will be calculated and displayed in the interface.

Step 3: Enable the interest transaction

  • Click the first button “Enable the interest transaction”.
  • Clicking the button will initiate the authorisation to transfer the defined amount of DIA tokens to the DIA Interest Smart Contract from your wallet. When prompted, confirm/approve.

Step 4: Lock your tokens

  • Click the second button “Lock your tokens”. When clicking, your wallet will prompt you to confirm.
  • When you confirm, the DIA tokens will be withdrawn from your wallet and sent to the DIA Interest Smart Contract.

Step 5: Success!

  • Once approved, the interface will allow you to view the Tx on Etherscan of the approval transaction and staking transaction.
  • After the yield period finalised, the DIA Staking Program interface will be extended to allow withdrawals for users.

Program audit

The DIA Staking Program smart Contract has been independently audited by Chainsulting:

Additional information

  • Make sure to add enough gas fees to your transactions. This is a tool to calculate gas fees.
  • Your tokens will be locked into the interest contract along with the appropriate 100% backed amount of DIA interest. The amount will be available to withdrawal on the strike date.
  • Locked up tokens are not eligible for voting, data dispute staking, trading or other token related activities during the time locked up in the smart contract.
  • No additional interest will accrue if later payment is made in accordance with the provisions regarding payments due on a day other than a business day.

This is not investment advice. Before deciding to proceed, please read our Terms & Conditions for the DIA Staking Program as well as our Legal Disclaimer.

About DIA

DIA (Decentralised Information Asset) is an open-source, financial information platform that utilises crypto economic incentives to source and validate data. Market actors can supply, share and use financial and digital asset data.

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DIA Core Team
DIA Insights

DIA is a multi-chain, end-to-end, open-source data and oracle platform for Web3. https://diadata.org/