In addition to ongoing weekly staking events, starting July 1st and ending with December 31st, Qredo has started two bonus staking rounds.
Again, all you need to do is hold your QRDO within the Qredo Network until each of the two rounds is done (September 30th and December 31st, respectively), and you’ll get your extra 5.05% APY reward for the time your QRDO was being staked.
To get the most out of these two bonus rounds, put your QRDO in your QRDO wallet as soon as possible.
- Round One - Keep your QRDO within the Qredo Network for 3 months, and you’ll get an extra 5.05% APY for 3 months of staking at the end of the round (September 30th)
- Round Two - Keep your QRDO within the Qredo Network for 3 additional months (6 months total), and you’ll get an extra 5.05% APY for 6 months of staking at the end of the round (December 31st)
Note that the rewards for the two rounds are calculated based on weekly staking events compounding. In other words, the 5.05% APY for each of the bonus rounds is calculated according to the amount of QRDO you have at the end of the round, not based on the amount you’ve entered the staking event with. You are encouraged to start staking ASAP.
Do I have to do anything?
In order to stake your QRDO, all you need to do is have tokens inside your QRDO wallet(s). Therefore, the QRDO you already have within the Qredo Network will be auto-staked. If you want to add tokens for staking, here’s how to do it.
When should I deposit?
The sooner you deposit QRDO to your QRDO wallet, the bigger return you’ll receive, provided you don’t withdraw it during the two bonus staking rounds.
Can I withdraw QRDO?
You can withdraw your QRDO at any point during a staking event. However, such a withdrawal will forfeit any rewards that have accrued so far on the amount withdrawn.
During each staking round, no matter at which point you remove an amount of QRDO, that amount will not count towards your APY earnings at the end of the said round.
- Withdraw QRDO before the ending of the first round, and you don’t get any rewards for the round.
- Withdraw QRDO after the ending of the first round, and you’ll get a 3-month 5.05% APY reward, but you won’t get any round 2 rewards.
- Withdraw QRDO after the ending of the second round, and you’ll get a 6-month 5.05% APY reward.
What happens if I deposit more QRDO?
You’re encouraged to deposit more QRDO to your QRDO wallet, at any point of a staking event. The sooner you make the deposit, the more QRDO you’ll receive at the end of each staking round.
What happens if I withdraw QRDO during the staking event and deposit it back?
Withdrawing QRDO from any QRDO wallet will forfeit any staking rewards that have accrued so far on the amount withdrawn. Depositing the same amount (or any amount) will start the staking of that amount based on the date deposited.
Keeping your QRDO inside the same QRDO wallet throughout the staking rounds will land you with the biggest rewards. Don’t refrain from depositing more tokens, though.
What happens if I withdraw QRDO from one QRDO wallet and deposit it to another QRDO wallet within the same account?
If you do this, you will forfeit any staking rewards that have accrued so far on the amount withdrawn. Note that staking is done on a per-wallet basis, not per account. Doing this is the equivalent of “resetting” your staking for the said amount - you’ll receive a diminished reward at the end of each bonus staking round, compared to having left the tokens inside the same QRDO wallet.
Example: after 3 months of keeping 1,000 QRDO in your QRDO wallet, thanks to the weekly staking events, your total QRDO amount just before September 30th will be ≈1022 QRDO. As a result of the first staking round, you’ll get additional ≈4 QRDO at the end of round 1. At the end of the round 2 on December 31st, the additional reward will be ≈26 QRDO
Auto-Staking Returns that accrued less than 1 QRDO will not be paid.