How does INFINITE staking work?
An explainer for INFINITE staking in the InfiniteAI ecosystem
Stake INFINITE into the InfiniteAI ecosystem to power the future of Web3 internet infrastructure. By staking you will help contribute, secure and earn for bolstering the ScalerNodes that provide decentralized hardware resources to a distributed cloud network.
At a glance
INFINITE can be staked to ScalerNodes only
INFINITE must be locked before staking for a chosen period
INFINITE can be staked and unstaked freely during its lock period
Staker will choose a lock period which will apply multipliers to earn rates based on the length of the chosen lock
INFINITE staking rewards have 0 claim delay
INFINITE will be liquid withdrawable after its lock period has elapsed
Staking Flow
Select ScalerNode to stake to
Input amount to stake
Choose lock period and associated APY
Confirm transaction to lock & stake
Here is the full lifecycle of INFINITE:
When INFINITE is locked it also locks in a specific APY curve multiplier that defines the earn rate for the INFINITE when staked. INFINITE cannot be removed from the system during this period and importantly rewards are only earned during periods when the INFINITE is staked.
Once staked INFINITE can be unstaked and staked again freely if a user wants to change which node it stakes on.
If INFINITE's lock expires, then the owner will be able to withdraw that back to liquid INFINITE. If the INFINITE lock expires while it is staked, it must be first unstaked and then withdrawn.
Lock Period
When staking fresh INFINITE, you will need to select a lock period.
The lock period ranges from 1 day up to 48 months. This only applies to how long the INFINITE is locked inside the InfiniteAI Protocol, it does not affect staking time and users will be able to stake the locked INFINITE for as long as they like on any node.
Longer lock periods offer longer commitment times of INFINITE to the ecosystem creating a greater level of security for the network, which is rewarded with greater earn rates which reflect the value generated in the network.
Finally after the lock period elapses a user is able to withdraw their INFINITE again for fluid usage like transfers. Crucially, if a user keeps his INFINITE locked, he will enjoy the same earn rate as his original lock period when staking. Users are incentivized to lock for long periods in order to get higher allocation efficiency per INFINITE staked.
Last updated