Just wondering how the process works. I’m curious how much can I expect to earn from staking. Is there an APY? Will there be a lock up period? Are there other platforms where I can also stake without a lock up period?
Hey @Biscuito, welcome to the community!
Staking WMTx lets you earn rewards while helping secure the World Mobile network. Here’s a quick breakdown:
- APY & Rewards: Earnings come from network activity + an inflationary model that started at 11.41% per year and decreases over time. Early stakers earn more, but rewards taper off over 20 years, targeting a 2B WMT supply. Note 11.4% is the inflation not the APY - in the first year, I think you’ll be looking at 35% to 50% APY (NFA).
- Lock-up Period: If staking directly with World Mobile, expect a commitment period (currently set around 7 days).
- Other Staking Platforms: No official info yet, but some third-party options may emerge.
Note: Staking is paused while the migration and upgrades are completed, but it should resume soon!
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Hey @Biscuito
Core Staking is now live
You can now stake WMTx directly through World Mobile on two chains:
- Cardano using the Vault
- Base (EVM) using a smart contract app
Here’s what you need to know:
- APY: You can earn up to 5% annually. It’s not fixed and can vary by epoch based on network activity and participation.
- Lock-up: There’s no lock-in period. But to earn rewards, your WMTx must stay staked for the full monthly epoch. If you unstake early, you forfeit that month’s rewards.
- Platforms: Right now, staking is available through worldmobiletoken.com/staking.
Here’s everything you need to get started:
- Stake here: worldmobiletoken.com/staking
- Full guide: worldmobile.club/stake-wmtx
- Community help: worldmobile.club/help
Let us know what setup you go with! Staking is a great way to support the mission and earn while you do.