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FAQ
Q: How does this work?
A: It’s very simple! You can stake and lock your $AVRK for a period of time (30 Days, 60 Days, 180 Days, or 360 Days), and earn $AVRK rewards at the end of your lock period! The longer the lock period is, the higher the APR!
In addition to the guaranteed APR, depending on your placement on leaderboard, you’ll get even MORE rewards!
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Q: How does the leaderboard work?
A: In addition to the guaranteed APR you get when staking $AVRK, you’ll get extra DAILY rewards from the leaderboard. The more $AVRK you stake, the higher your placement on leaderboard would be. The rank snapshot is taken at 0:00 UTC everyday.
For example, if you ranked 1st while staking 1,000 $AVRK for 360 Days (70% APR), you’ll get additional 70% * 150% = 105% APR in addition to your guaranteed 70% APR, resulting in a total of 175% APR!!
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Q: When can I claim my rewards?
A: Depends on the reward you’re claiming.
1. For the base/guaranteed APR, you can only claim them when the lockup period ends.
2. For the leaderboard Rewards, you will be able claim them after March 19th, 2025.
Afterwards, you can claim whenever you want with a 7 days cooldown between each leaderboard rewards claim.
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Q: Can I cancel my staking?
A: Once you have staked your $AVRK, you need to wait until the lockup period is over before being able to move your staked $AVRK.
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