> For the complete documentation index, see [llms.txt](https://docs.paragonsdao.com/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.paragonsdao.com/docs/staking/whats-new-in-staking-v2.md). # What’s new in Staking v2 We launched the first version of PDT staking in October 2022. The final reward epoch for v1 concluded on August 27, 2024—this contract is no longer funded with rewards, and we’ve decomissioned the user interface.\ \ Staking v2 launched on September 4, 2024, following a successful governance vote on the proposal [PDIP 18.2 - Repositioning the PDT Staking contract for the future](https://discuss.paragonsdao.com/t/pdip-18-2-repositioning-the-pdt-staking-contract-for-the-future/244). While there are many similarities with v1, there are also a number of key differences. **Differences** * **Minimal transaction costs on Base.** Staking v2 is deployed on Base, whereas v1 was on Ethereum mainnet. This significantly reduces transaction costs for users, makes staking accessible to smaller holders, and aligns our ecosystem more closely with Parallel’s ecosystem. * **No multipliers.** We’ve simplified staking and made it more equitable to all users. We’ve removed unsustainable, uncapped multipliers that favor only long-term holders and disincentivize unstakes. All stakers are equal in v2. * **Flexibility for multiple rewards.** Staking v2 allows us to add multiple reward tokens to the contract—v1 only allows for PRIME. * **Partial and mid-epoch unstakes.** The new contract allows you to unstake any amount you want, at any time you want. You’ll still be eligible to receive any rewards accrued during that epoch. In v1, unstaking meant removing all of your tokens, and foregoing that epoch’s rewards. * **Receipt token (stPDT).** In v2, you’ll receive an amount of stPDT (non-transferable ERC-20 receipt tokens) for the amount of PDT you staked. These represent your stake and your claim to rewards. Through community governance proposals, contracts can be whitelisted for transferring stPDT—enabling future possibilities for wrapped staked tokens, auto compounding vaults, collateralized loans, etc. * **Reward expiry.** In v2, user rewards left unclaimed for 2 years are considered “Expired” and can be reclaimed by ParagonsDAO for redistribution into the contract, ensuring rewards are not wasted. The expiry time frame can be adjusted through community governance proposals. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.paragonsdao.com/docs/staking/whats-new-in-staking-v2.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.