DigiCol
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DigiCol

Staking DGCL…on PancakeSwap

The official pool of DGCL on PancakeSwap is now officially live — get up to 150% APY!

Possibilities unfold after our integration with Anyswap!

As the market volatility continues, the high transaction fees remain to be a headache for users on the Ethereum network. Our latest integration with Anyswap allows the transfer of our native token DGCL from the ERC20 network to the BEP20 network, so we opened an official pool of DGCL/WBNB on PancakeSwap where our users can stake their DGCLs into without paying high gas fees.

Link to official pool: https://pancakeswap.finance/info/pool/0x5738f9072e955a5cf51109fa97a65d9f1fb0d204

Learn how to transfer DGCL from ERC20 network to BEP20 network here: https://medium.com/digicol/digicol-partners-with-anyswap-b8f3c4a0c8bf

Staking Rewards

The staking of DGCL on PancakeSwap follows the same rules of the program on Uniswap.

DigiCol distributes pro-rata staking rewards for those who provide liquidity to DGCL/WBNB pool on PancakeSwap. This implies that all payouts will be distributed every 30 days according to how many DGCL tokens (staked amount) and how long (days staked) they were staked while the annual percentage yield (APY) is 150%. The reward campaign pool is 5,000,000 DGCL capped. Keep in mind that only those who stake for at least 30 days consecutively are eligible for the rewards.

The staking rewards will be paid out to the deposit address which provides liquidity to DGCL/WBNB pool on PancakeSwap. The distribution is on the last day of every calendar month and it is first-stake, first-served within the 5,000,000 DGCL reward pool.

Payout Eligibility

  • Minimum staked amount: 5,000 DGCL
  • Minimum staked duration: 30 days
  • Expected APY: 150%*
  • Stake Pool Size: 5,000,000 DGCL

Payout Distribution

  • Pro-rata payout = Staked Amount * > 150% * (Days staked / 365)
  • Payout format: DGCL
  • Payout date: the last day of every calendar month
  • Payout address: the deposit address which provides liquidity to DGCL/WBNB pool on PancakeSwap

To ensure accuracy, we will run the calculations every minute to confirm the staked amount and days staked.

Link to official pool: https://pancakeswap.finance/info/pool/0x5738f9072e955a5cf51109fa97a65d9f1fb0d204

  • At present, the APY is 150%. DigiCol can change that in the future.

Payout Example

  • You stake 10,000 DGCL from 15 Sep 2021 till 30 Sep 2021.

> You will NOT get the staking reward because the staked duration does not meet the minimum requirement of 30 days.

  • You stake 10,000 DGCL from 15 Sep 2021 till 31 Oct 2021.

> You are eligible to get the staking reward because the staked duration exceeds the minimum requirement of 30 days.
> The reward is first-stake, first-served within the 5,000,000 DGCL reward pool.
> The reward is pro-rata. In this case, the amount will be “10,000 DGCL *150% * (47/365)”

A Summary on Staking Options

DGCL users can choose to stake their tokens at Uniswap, DefiCliq, and PancakeSwap. Three different APYs are offered but they also come with different requirements.

While we offer a higher APY for staking DGCL at Uniswap and PancakeSwap, users are also required to provide liquidity (equal value of ETH) to the DGCL pools. For users who would not prefer to do so, DefiCliq might be a better choice.

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