Motoswap Staking
Last updated
Last updated
For every swap which $MOTO or $PILL is used as the selling token, a fee is taken and sent to the Motoswap staking rewards pool. More rewards are incurred from the early unstaking slashing penalty from other stakers, which you can read about below.
Before staking, it is important to understand the slashing rate for early claiming and unstaking of staked $MOTO.
Upon staking your $MOTO, there is a 2000* block timer until you can claim and unstake rewards without any penalty.
The penalty starts at 20% of your initial staked $MOTO upon unstaking, which gets added to the reward pool of other staked users.
Every 100* blocks, the percentage decreases by 1%, until 2000* blocks, where you no longer have any slashing penalty.
*Block timers may vary due to the block time of Testnet3, which have reached up to 2 block/s. For reference, Bitcoin Mainnet blocks are approximately 10 mins per block.
Go to .
To stake on Motoswap, you first need $MOTO.
Then enter via the "Stake" link on the header menu.
After you've selected the amount of $MOTO you'd like to stake, click the "Stake MOTO" button.
You will be first prompted to sign an approval transaction to approve the use of your $MOTO:
After the signing transaction has confirmed, you can then click the "Stake MOTO" button again to receive another transaction to sign, which will send the stake transaction.
To claim your $MOTO and $PILL rewards, either click the "Claim Rewards" button next to the "Rewards Accumulated" counter, or go below and switch the tab to "Claim".
Simply click "Claim Rewards", a modal will pop up to show the amounts of $MOTO and $PILL you've accrued. Click "Claim all rewards" and sign the transaction to claim your rewards.
To unstake your staked $MOTO, switch to the "Unstake" tab, next to the "Claim" tab. There you can click "Unstake MOTO". Please note that you may not partially unstake your staked $MOTO, you can only remove all the $MOTO you have staked during the unstaking process.
