HOPR Staking is Now Live!
The HOPR staking program is now live and will run until January 17th. Here's how to get started.
HOPR’s gamified staking program is live! You can now stake and lock your tokens in preparation for the first rewards on July 27th.
Staking and locking
The contract will be available for staking deposits from today. The contract will be deployed on xDAI Chain and the staking token will be xHOPR. To stake and lock tokens visit our staking page at stake.hoprnet.org
Rewards
Rewards will start to pay out from July 27th. Rewards are paid in wxHOPR and can be claimed at any time. Rewards accumulate with each block and, once claimed, can be immediately sent back to the contract to compound your stake (but make sure you unwrap them first!).
The staking contract pays out 0.05% per day, which works out at 18.25% APR. However, it’s possible to boost your rewards much higher by earning NFTs.
NFTs
The cornerstone of the program is the NFT boosts. These are a way for us to reward active and engaged community members by boosting their stake. The main way to earn NFTs will be to participate in HOPR testnets to help us develop the advanced features of our privacy protocol. But there will also be NFTs linked to contests, the HOPR DAO, and other events.
The first NFT is the HODL NFT, designed to reward loyal community members. Every HOPR holder will be airdropped an NFT. The boost it grants will be based on how long you’ve been holding HOPR tokens, up to 10% additional APR for anyone holding since before March.
A full tutorial on making your first stake is available here. More details on the staking program can be found here.