Staking on UpRock

Written By UpRock Support

Last updated About 11 hours ago

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Staking on UpRock allows users to lock their tokens for a set period to earn additional UPT, Supporting the network's growth and providing passive income. Ensuring the token economy is preserved and UPT tokens are constantly moving as well as valuable in the hands of users by staking in multiple tier segments.

STEPS ON STAKING

  1. On your UpRock app, click on the ''Wallet'' Icon at the bottom of the homepage

  2. Click on label that says ''Start staking UPT''

  3. Click on ''Stake''

  4. Select UPT tokens as preferred option to stake and click ''Get started''

  5. Select your preferred staking plan (The longer you stake, the more you earn)

  6. Next, enter your staking amount and click ''Next''

  7. Next, you can decide to enable ''auto-restaking'' depending on your choice.

  8. Finally, confirm your Stake.

Together with the community, we developed several tiers of staking as well as APY rewards shown below;

Months

Multiplier

Amount (UPT)

minimum stake amount

Early unstaking

APY

Total stake Yield

1

No multiplier

12,000 staked

100 UPT

30% penalty

10% annual percentage yield

12,000*0.10= 1,200 UPT

1,200/12=100 UPT

12,000+100= 12,100 UPT

3

1.1x only for 100k UPT and above

50,000 staked

1,000 UPT

40% penalty

12% annual percentage yield

50,000*0.12= 6,000 UPT

6,000/4= 1,500 UPT

50,000+1,500= 51,500 UPT

6

1.3x for 100k above, 1.1x for 50k-100k UPT

80,000 staked

1,000 UPT

50% penalty

15% annual percentage yield

80,000*0.15=12,000 UPT

12,000/2= 6,000 UPT

6,000*1.1= 6,600 UPT

80,000 UPT+6,600= 86,600 UPT

12

1.5x for 100k above, 1.3x for 50k-100k UPT, 1.1x for 10k-50k UPT

100,000 staked

1,000 UPT

60% penalty

20% annual percentage yield

100,000*0.20 =20,000 UPT

20,000*1.5 = 30,000 UPT

100,000*30,000 UPT = 130,000 UPT

NOTE.

Understand that the stake amounts listed in the table above are only for explanation purposes.