Staking FAQ
Has the staking contract been audited?
Yes. The contract went through two independent audits from Certik and Peckshield, both of which found no significant issues with the contract. You can find the audits reports on our Contract Audits page.
Can I still use my PDT for voting in ParagonsDAO’s governance if it’s staked?
Yes. Snapshot (our voting platform) will recognize if you’ve staked PDT and allow you to vote with your total staked and unstaked PDT.
What is a reward epoch?
A reward epoch is a period of time in which ParagonsDAO can earn PRIME to fund the staking reward pools and pay rewards to stakers. You can only claim PRIME rewards once an epoch ends, which is when the contract calculates how your time staked during the epoch and multipliers impact your claim. You’ll need to remain staked until the end of an epoch to earn a share of its rewards.
💡More info and examples may be found on our Epoch Rewards page.
Do I need to be staked for the entire epoch to earn PRIME rewards?
You can begin staking after an epoch begins, and the staking contract will calculate how long you were staked during that epoch and allocate rewards accordingly. You need to remain staked until the end of an epoch to earn a share of its rewards.
💡More info and examples may be found on our Epoch Rewards page.
Are all reward epochs the same length?
Starting with Epoch 1, each epoch is designed to be 30 days long, allowing you to claim rewards at short, regular intervals.
💡More info and examples may be found on our Epoch Rewards page.
Can I claim PRIME rewards any time?
You can only claim PRIME rewards for an epoch once ends. This is when the contract can finalize how your time staked during the epoch and multipliers impact your claim, compared to everyone else.
After an epoch ends, you can claim rewards for that epoch (any any prior epochs) at any time.
💡More info and examples may be found on our Epoch Rewards page.
How does the multiplier work?
To reward the most dedicated PDT holders, our staking contract uses a time-weighted multiplier. As your multiplier grows, so does your share of the staking reward pool and therefore, the PRIME you’re eligible to claim at the end of a reward epoch.
The staking contract applies a new multiplier to each staking event—an amount of PDT staked today will have a greater multiplier than a future amount staked. Unstaking removed all of your staked PDT from the contract, and resets your multiplier. 💡More info and examples may be found on our Multipliers page.
How fast does the multiplier increase?
When you stake, your multiplier starts at 1x and begins growing linearly. Every six months, the multiplier increases by 1x — that’s linear growth of about 0.042x per week or 0.167x per month.
💡More info and examples may be found on our Multipliers page.
What happens to my multiplier when I unstake?
Unstaking removes all your staked PDT from the contract and resets your multiplier. If you foresee yourself unstaking a portion of your PDT in the future and don’t want to impact the multiplier on your full balance, you may consider staking a portion from another wallet.
💡More info and examples may be found on our Multipliers page.
Does ParagonsDAO have enough PRIME to keep paying attractive staking rewards?
For Year 1 of staking (Epochs 1-12), we've designed a sustainable model intended to fund ongoing, attractive staking rewards.
30% of our game token revenues (currently, only PRIME) fund our staking rewards pool, and we will continue earning PRIME through sink throughput and gameplay revenue (by lending our cards).
We're funding the first year of staking rewards in a way that offsets the risks if these expected revenues are delayed.
Can vesting vouchers/unvested PDT be staked?
ParagonsDAO founders were awarded PDT vouchers that linearly vest over a 2-year period.
Unvested PDT from these vouchers cannot be staked. Any vested PDT from these vouchers can be claimed and then staked.
Where can I get PDT?
The easiest place to get PDT is on Uniswap (the decentralized echance (DEX) hosting our liquidity pool), however, we recommend trading through a purpose-built DEX aggregator like Cowswap to protect your trades from sandwich attacks (import the PDT token using this contract address 0x375abb85c329753b1ba849a601438ae77eec9893
).
Where can I find the original staking whitepaper?
The original staking whitepaper, of which our current model is based upon, can be found at this link.
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