Staking (Android Devices Only)

Staking Overview (Android Devices Only)

The Staking feature in PortPay Pro is currently exclusive to Android users. This feature allows users to stake specific tokens to earn annual percentage yields (APY) over a set lock period. Staking is a popular way for cryptocurrency holders to earn passive income by participating in blockchain consensus mechanisms or lending liquidity.

Key Features on the Staking Page:

Staking Tokens
  • In the screenshot provided, we see that pUSDT (USDT on the PortPay platform) is available for staking.
  • The tokens are displayed with the following information:
  • APY (Annual Percentage Yield): This is the return users can expect to earn by staking the token.

There are three different APYs based on the lock periods:
0.5% APY for a 30-day lock period
2.0% APY for a 90-day lock period
5.0% APY for a 180-day lock period

  • Lock Period: This refers to the time during which the staked tokens will be locked and cannot be withdrawn.
Earning Rewards
  • The staking mechanism allows users to earn rewards based on the duration of their stake. The longer the lock period, the higher the APY, and thus the greater the potential rewards.
My Staking Section
  • Below the available staking tokens, users will eventually see their active stakes listed under My Staking, where they can track their current stakes, lock periods, and earnings.
  • This section is currently empty in the screenshot, indicating that no tokens have been staked yet by the user.

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