GSA/WGSA Staking

📝 Introduction

The GSA/WGSA Staking system allows users to lock their GSA tokens in exchange for WGSA, a token that represents their participation in the staking contract. This mechanism encourages long-term participation and ecosystem stability.

⚙️ Staking Mechanism

Users can deposit their GSA tokens into the staking contract and receive WGSA at a fixed ratio. As rewards accumulate in the staking pool, users can increase their participation and benefits.

📥 Deposit

Deposit Process: Users deposit their GSA tokens into the staking contract, where they receive WGSA at a fixed ratio:

1,000,000 GSA = 500 WGSA every 48 hours.
This implies that for every 1 GSA, users will receive 0.0005 WGSA every 48 hours.
As rewards accumulate, the value of WGSA grows, and the user’s share of rewards increases.

To participate in staking, users send their GSA tokens to the staking contract. The key aspects of the deposit process are:

Fixed Ratio of 1 GSA = 0.0005 WGSA every 48 hours: This ratio applies uniformly to all users.
The WGSA token’s value increases as staking rewards accumulate in the contract. Users can monitor their earnings and adjust their position as needed.
No Minimum/Maximum Limits: There are no hard limits on how much GSA can be staked, making it accessible to a wide range of participants.

🔄 Withdrawal

The amount of GSA withdrawn depends on the pool ratio and staking duration.
There are no penalties or waiting periods for withdrawals.

🎁 Rewards

Staking rewards come from:

Transaction fees within the ecosystem.
Revenue distribution generated by the protocol.
Special incentives during specific events or periods.

Users can claim their accumulated rewards at any time without restrictions.

🔒 Security & Transparency

The staking contract has been audited to ensure security. Additionally, all fund movements and reward distributions are transparent and verifiable on the blockchain.

The GSA/WGSA Staking system provides an efficient and secure way for users to participate in the ecosystem, earning benefits while contributing to the protocol’s stability.

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Last updated 7 days ago

📥 Deposit

Deposit Process: Users deposit their GSA tokens into the staking contract, where they receive WGSA at a fixed ratio:

1,000,000 GSA = 500 WGSA every 48 hours.

This implies that for every 1 GSA, users will receive 0.0005 WGSA every 48 hours.

As rewards accumulate, the value of WGSA grows, and the user’s share of rewards increases.

To participate in staking, users send their GSA tokens to the staking contract. The key aspects of the deposit process are:

Fixed Ratio of 1 GSA = 0.0005 WGSA every 48 hours: This ratio applies uniformly to all users.

The WGSA token’s value increases as staking rewards accumulate in the contract. Users can monitor their earnings and adjust their position as needed.

No Minimum/Maximum Limits: There are no hard limits on how much GSA can be staked, making it accessible to a wide range of participants.

🔒 Security & Transparency

The staking contract has been audited to ensure security. Additionally, all fund movements and reward distributions are transparent and verifiable on the blockchain.

The GSA/WGSA Staking system provides an efficient and secure way for users to participate in the ecosystem, earning benefits while contributing to the protocol’s stability.