What is oEUR staking?
The Staking Kanga Liquidity oEUR mechanism allows users to deposit oEUR tokens to a dedicated staking account and participate in the daily distribution of rewards.
How much is the oEUR staking reward?
Rewards are paid out in oEUR tokens. Reward amount varies depending on a number of factors. The most important among them is the sum total of all deposits on the staking pool and the return earned from using the deposited funds over the previous 24-hour period.
The funds are used as a liquidity pool for key Kanga Exchange services and for decentralized cryptocurrency exchanges where the KNG token is or will be listed. In the case of Kanga Exchange services, the funds are used primarily to secure liquidity for high-volume over-the-counter transactions carried out in affiliate brick-and-mortar locations. Profits from both sources are shared with all Kanga Liquidity oEUR Staking participants.
Deposit and withdrawal of funds for oEUR staking
Tokens deposited to the staking account are frozen for 1 day (counting from the beginning of the next staking period). Tokens withdrawn from the staking account are frozen for 18 days (also counting from the beginning of the next staking period). Reward payouts are processed instantly.