- Users can earn rewards by staking against the real-world assets
From Monday 26 August 2024, users will be able to stake against Swarm’s gold NFTs on its dedicated staking platform
Since launching in Summer 2023, $SMT holders have been earning rewards by staking the token against their favorite real-world assets (RWA), choosing between Swarm’s nine publicly-listed stocks, like Apple and Tesla, to its Bond ETF tokens.
Depending on issuance and trading demand, token holders have been earning varying degrees of APR.
$SMT holders who lock up their tokens by staking against the tokenized RWAs that are traded on app.swarm.com and the dOTC earn rewards each week.
And some weeks we’ve seen APY hit triple figures on some assets!
Stakers receive a prorated share of the rewards generated from trading volume in their chosen RWAs on the Swarm platform.
SMT staking is available to anyone who holds the ERC-20 token. Staking is done on a dedicated platform, which does not require onboarding.
