PALM & PLP can be staked to earn a share of fees as rewards. The rewards share is based on the total sum of PALM and PLP that is staked.
- Stake PLP to earn 50% of Trading fees in USDT
- Stake PALM to earn 25% of Trading fees in USDT
Further benefits in the future will be:
- Receive a discount on trading fees
- Increase affiliate commissions from the referral program
- Participation in Palm Pad projects
APRs are updated weekly on Saturday based on the fees collected that week. Rewards are distributed every second to staked tokens.
Withdraw: After submitting a withdrawal, the cool-down period will start and the staker can withdraw his tokens after 7 days.
Claim: Rewards can be claimed every time also without a cool-down or lock period.
When you have earned rewards through the PALM tokens you have in staking you can compound them into the pool. Compound will buy PALM tokens with your rewards through a router via Pancakeswap and add them to your PALM staking balance so you can earn more.
To stake PALM tokens a few steps have to be done:
To unstake PALM tokens you have to click on the "-" button. The rest of the steps are the same as explained above.