Staking FAQ
Has the staking contract been audited?
Yes. The newest staking contract went through two independent audits from Zellic and Hashlock, both of which found no significant issues with the contract. You can find the audits reports on our Contract Audits page.
Do I maintain my multiplier from Staking V1?
No, the V2 staking contract does not recognize multipliers and treats all stakers equally.
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.
Where can I get PDT on Base?
You can get PDT on Aerodrome.
Alternatively, you can still buy PDT on Ethereum Mainnet through Uniswap or Cowswap to bridge it to Base. However, the gas fees and transaction costs will be significantly higher compared to purchasing on Base via Aerodrome.
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 claim PRIME rewards during the epoch, where stakers will earn a share of the total reward pool based on the amount of PDT staked and how long they staked during the epoch. Each reward epoch is 30 days in length.
Are all reward epochs the same length?
Starting with Epoch 1, each epoch is designed to be 30 days long. Epoch length could be changed through a successful governance proposal.
Can I unstake a portion of my staked amount?
Yes, you can unstake a portion of your staked amount. You can toggle if you would like to unstake 25%, 50% of your staked PDT. Alternatively, you can also specify the exact amount of PDT you want to unstake.
Can I claim PRIME rewards any time?
You can claim earned PRIME rewards from past epochs at any time.
However, for the current epoch, your PRIME is not claimable. You can only claim the current epoch’s PRIME after the epoch ends. Your rewards are calculated based on the amount of PDT you’ve staked relative to the total PDT staked and the duration of your staking during the epoch.
What happens if I don’t claim my rewards?
If an earned reward is not claimed within 2 years of earning it, the rewards will expire and will be recycled into future reward epochs for all stakers.
What are PROMPT Points?
PROMPT Points are points allocated to PDT Stakers.
PROMPT earned from June 19, 2024 until PROMPT TGE will be allocated to PDT Stakers, where we’ll distribute based on the total PROMPT Points each user earned.
The tokens will be directly distributed to stakers through an airdrop.
What is $PROMPT?
$PROMPT is the native token of Wayfinder, serving as both a gas token and a payment method within the ecosystem. It also plays a key role in governance processes. The token is expected to launch with a maximum authorized supply of 1 billion tokens.
PROMPT can be earned through caching PRIME—which ParagonsDAO has in large supply. We’ve cached a significant amont of our PRIME over varying time horizons, and currently expect to earn about 0.8% of PROMPT’s total supply. The token has not yet launched, but we’d like to get ahead of sharing our allocation with PDT stakers—we’re doing that through our Prompt Points program.
For more details, please refer to Wayfinder’s whitepaper.
How are Prompt Points calculated?
Stakers earn Prompt Points based on their ratio of user weight to contract weight at the end of each staking Epoch. Each staking epoch will be funded with an equal amount of Prompt Points. Once TGE occurs, all earned Prompt Points will be tallied, converted to the equivalent amount of eligible PROMPT, and distributed as appropriate to stakers.
How does ParagonDAO fund Prompt Points?
450,000 PRIME has been cached and locked up in Wayfinder’s caching contract. 90% of ParagonsDAO’s PROMPT allocation, following its token generation event, will be dispersed to all eligible stakers.
How does ParagonsDAO fund staking rewards?
Stakers receive 90% of the protocol's revenue, with rewards currently distributed in PRIME and Prompt Points. Our revenue comes from various streams, including player rake collected from sharing our Parallel NFT assets with Paragons Alliance members (through Echelon’s Bond and Gear model), PRIME caching through Wayfinder, and caching through Paraset, Masterpiece, and Prime Drive. Additionally, our Priming products, like Sleeve and upcoming solutions, contribute to our revenue. For more information, you can read here.
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