Knightswap Introduces Flexible and Locked Staking Pools

We are excited to introduce flexible and locked staking for stake $KNIGHT to earn $KNIGHT pool. This new feature allows users to stake their $KNIGHT while having the flexibility to withdraw their funds at any time or locking them up for a higher APY.

Flexible Staking

Flexible staking allows users to earn rewards by staking their $KNIGHT tokens, with varying levels of risk and reward. Users can stake for any length of time they prefer, with no lock-up periods.

The rewards for staking in each pool are variable and depend on a number of factors, including the amount of tokens staked, the length of time staked, and the overall demand for that particular pool. Users can track their rewards in real time and withdraw their staked tokens at any time, without penalty.

Locked Staking

Knightswap now offers lock staking pools for the users who prefer a more structured and beneficial investment strategy. These pools allow users to lock their tokens for a set period, in exchange for a higher annual percentage yield (APY).

Lock staking is a great option for investors who are looking for a higher reward, long-term investment strategy. Unlike flexible staking pools, where users can withdraw their tokens at any time, time lock staking pools have strict lockup periods and the stakers cannot withdraw their tokens before the end of their lockup period.

Step-By-Step Guide To Stake

• Open up raids page, connect your wallet and enable the contract.

• Once enabled, click “Flexible” to stake $KNIGHT tokens in the flexible pool.

• Enter the amount and click confirm, then confirm the transaction in your wallet.

• Once you’re staked in flexible, you can always choose to convert staked tokens into locked staking by clicking on “Convert to Lock” button.

• Enter the number of weeks you want to lock for and click confirm. Longer staking duration means higher APY.

• To stake in locked staking, click the “Locked” button.

• Enter the $KNIGHT amount & lock duration length, then click confirm.

• Once you’re staked in locked staking, you can choose to add more $KNIGHT tokens by clicking on “Add KNIGHT” or extend the locking duration by clicking on the “Extend” button.

For any queries, reach out to Knightswap team on Discord.