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APYS Staking Is Now Live

News from the APYS Coin Development team on October 5, 2021

APYS staking launches today!

APYS holders have an opportunity to participate in Foundation’s staking pool on Solana. Worry not, every holder can partake in staking, as Allbridge’s solution allows you to transfer your APYS from any supported network to Solana.

To ensure that everything goes smoothly for our holders, we prepared a step-by-step guide.

Staking reward pool amounts to 5,000,000 ABR, which is a 5% of ABR total supply. As you know, another 5% of the allocation will be issued in the form of an airdrop. You can find more details about the airdrop in our previous article.

Please keep in mind that the pool’s APY will depend on the total number of people participating — the more participants there are, the lower it gets.

Staking rewards will be subject to 12-month cliff and 24-month linear unlock. Meaning that v12ABR are pool’s reward tokens. Your stake, however, is not locked. You can unstake your APYS at any time. Learn more about what v12ABR and cliff are from our GitBook.

We are always looking for ways to reward our project’s holders. As we onboard more projects, the staking yields will include tokens of every Foundation member. We hope you enjoy the launch, and thank you for being a part of the APYSwap family!

About Allbridge

Allbridge is modular and expanding token bridge with on-chain consensus. It’s a simple, modern, and reliable way to transfer assets between blockchain networks. Allbridge mission is to make the blockchain world borderless and provide a tool to freely move assets between different networks. In the future it will evolve into a DAO-style multi-chain hub, establishing connections between the EVM and non-EVM networks.

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About APYSwap Foundation

APYSwap Foundation is established to inspire and support new projects using the APYSwap ecosystem. All of the parts in APYSwap Product Matrix can and will be independent, with APYSwap playing the key role in bringing these projects together. So whether you’re building a Vault or a Marketplace or an Oracle, or even a bridge, the APYSwap Foundation is here to help.

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