Synapse Takes Staking to the Next Level.
Explore a new way of passive investment with the newly integrated Synapse LP Staking solutions, a comprehensive set of technical tools aimed to fulfill your investment plans no matter what they may be.
The next step to the introduction of our Gamified Staking Solution is here with our latest addition, a new way of LP Staking for the Synapse Holders.
Today we will be going over in detail on what constitutes LP Staking for the Synapse team and how exactly our community can benefit from our new LP Staking solutions.
First of all, we have changed our tiered system to fit even more ways of investing and added multiple new solutions for members just joining the Synapse ecosystem. Below you will find a detailed list of all the new integrations:
- We have constructed 6 different time periods that you can pick in which to stake your LP: 1-month staking, 3 months staking, 6 months staking 12 months 24 months and 36 months respectively.
- LP staking directly translate into SNP power: from x1.8 to x4.5 — here we multiply the SNP tokens x2 and only then count the multiplier.
- When adding your LP to the Staking pools, we will automatically calculate how many SNP tokens are in your LP.
- Depending on the type of lock you chose ( time period) and how many SNPs you have in your LP your APR can range from 13.5% to 210%.
- All of our Staking pools will only count the amount of SNP tokens you have in your LP, not the SNP +Stablecoins.
- During the Staking period, there are no claims or prizes to make, this is specifically to maximise the prize amount reached at the end of the time period you choose.
- To Unstake without a penalty, you will need to wait for the whole time period to end.
- You can make an emergency withdrawal whenever you need to, but you will lose the rewards on the withdrawn amount plus a set penalty fee.
- After more than 75% of the time period you chose has elapsed, you will get access to a special time slot in which you can convert the prizes you have already earned by:
Taking half of them with a SWAP to our DEXes and exchanging them for a stable coin.
Add the other half alongside the SWAPPED stablecoins to your liquidity.
- As the Added Liquidity, we have primary tokens and new tokens summed together, and new rewards are calculated. Users that have staked with a previous APR will maintain the old one, while new entries will have the recalculated APR.
We want to remember to everyone that to add tokens, you will need to open a new staking pool, and if you want to restake you can either choose the same step (time period) you already choose or hop to any of the next levels to get higher APR.
For example, if you just staked your token for 180 days, and you want to restake from the same pool, you can either start with another 180 days staking position or jump to a higher step, like the 12 months, 24 months or 36 months pools.
The changes to our Staking Pools, alongside our Investors Protection Program and the multiple security solutions developed by the Synapse Labs, are all aimed to give our community and our investors the best possible environment, maximising safety while keeping the best returns in our category.
We are proud to have reached this point, being at the forefront of investor security in the space, and we are looking forward to all the improvements that we can bring to bear for our community, so, as always, stay tuned to our media channels to always get promptly updated about what’s going on in Synapse, and never miss an opportunity thanks to the Network always better integrations.
About Synapse Network
Synapse Network is developing a cross-chain investment and start-up acceleration ecosystem based on blockchain technology to give everybody an equal chance to contribute to great upcoming projects and to do so early on. We are bridging the gap between the traditional & crypto market. The idea of the Synapse Network technology goes beyond the standard offer of launchpads available on the market, becoming a true technological brand providing tech solutions.