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Let’s Welcome HAKKA Staking

Hakka Staking and sHAKKA are LIVE now

As the details we disclosed in “Introduce HAKKA Staking & sHAKKA”, HAKKA Staking is officially LIVE now on https://staking.hakka.finance/

Walkthrough

Hakka Staking is introduced on Ethereum mainnet. Only those who have HAKKA on Ethereum may participate in the HAKKKA staking.

To stake your HAKKA, please visit https://staking.hakka.finance/. Here you may decide how many HAKKA you would like to stake and how long is the Staking period. There will be 4 options for the staking periods.

Staking Periods

Staking contract allows HAKKA holders to stake their $HAKKA under different terms of locking periods: 1 month, 3 months, 6 months, and 12 months. The longer the locking period is, the more sHAKKA you will be granted (along with greater voting power being bestowed).

Beginning Parameters

Stake 1 HAKKA for 12 months will receive 1 sHAKKA ;

Stake 1 HAKKA for 6 months will receive 0.5 sHAKKA ;

Stake 1 HAKKA for 3 months will receive 0.25 sHAKKA ;

Stake 1 HAKKA for 1 month will receive 0.083 sHAKKA

Gradually Incremented Incentives

What’s more, we have implemented an incentivization factor to preserve the time value of sHAKKA: the staking rate (mintage rate) of sHAKKA will be gradually incremented by time, and it will be incremented to 2x every year, which means staking 1 HAKKA for 12 months in the anniversary of staking contract will receive 2 sHAKKA, and so forth.

For more details, please refer to Introduce HAKKA Staking & sHAKKA

Staking Reward of sHAKKA

To incentivize HAKKA Staking, we will introduce an sHAKKA reward pool. There will be 3,000,000 HAKKA rewards in this pool in the 1st month. The mining allocation will start from 13:37 April 18th, 2021 (UTC). As usual, these HAKKA rewards will be distributed under our vesting term to stabilize the circulation of HAKKA.

Other reward pools of sHAKKA might be introduced in the near future. Stay tuned!

On the other hand, according to our HAKKA distribution schedule in Financial Statements of Hakka Finance v1, some of the HAKKA will be distributed to the team and early investors these days.

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Hakka Finance is a decentralized financial ecosystem with remarkable DeFi products administered by the governance token: HAKKA.

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