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Staking

Benefits of Staking VST

The benefits of staking the VentiSwap tokens (VST) will not just be to gain rewards over time. There will be other benefits related to the usage of future VentiTech products that are yet to be released. These additional benefits and use cases with be updated here over time.
Current planned staking periods and rewards are as follows:
  • 1 Month = 1% Bonus VST Rewards
  • 3 Months = 2% (Per Month) Bonus VST Rewards
  • 6 Months = 3% (Per Month) Bonus VST Rewards
A high percentage of VST tokens are are currently staked. Please note that 10% of the total supply is reserved for staking reward payouts and included in the below total staked value. Cofounder tokens are also locked in the staking contract, but no rewards are being taken. Any rewards occurring from cofounder stakes are retuned to the deployer wallet or redeposited to the staking reward pool.
32.9% of Total Supply is Staked!
Staking also plays an important role in slowly releasing tokens to the market over years as not to flood the market with too many tokens at any one time.

Staking Mechanics

  • Only one stake per wallet is possible at any given time
  • Multiple wallets allowed as only one connection to the staking contract can be connected at one time
  • Rewards are claimable once per month
  • Rewards must be claimed and DO NOT automatically transfer to your wallet
  • Unclaimed rewards do not yield more reward tokens unless restaked
  • Restaking resets current stake start date for the currently staked time period
  • Once staking period over - tokens must be withdrawn. Rewards will not continue if not withdrawn or restaked.

Supported Wallets

The VentiSwap staking dapp supports the following wallets on the ETH network only, but on both Mobile and Desktop:
  • MetaMask
  • Coinbase

How to Stake VST

Staking VST tokens is quick and simple to do. Visit the main VentiSwap website https://www.ventiswap.com/ and look for the Stake VST link. This is the most secure way to enter the VentiSwap Staking DAPP.
Steps to Stake:
  1. 1.
    Once navigating your browser to the VentiSwap Staking DAPP - Click Connect Wallet in the top right corner of the site.
  2. 2.
    Connect to one of the supported wallets.
  3. 3.
    Once connected - you should see your balance of VST and if you are currently staked with the connected wallet. The Claim button will show in it's enabled state (Pink) if already staked AND rewards are available. Also - details about your current stake should be visible.
  4. 4.
    If rewards are available - simply click the Claim button and approve in the connected wallet.
  5. 5.
    If wishing to stake for the first time, or additional VST - Click the Stake button. Approve the transaction and wait for confirmation. After approving - a second transaction will be needed to send your VST to the staking contract and activate the stake.
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