LAYERK Staking

LAYERK Staking: A secure and dependable method to earn rewards while supporting the network.

LAYERK Token

LAYERK holders can participate in the Vesting Protocol by locking their LAYERK tokens to receive vLAYERK. Vesting involves temporarily locking a portion of the total token supply out of circulation. vLAYERK is a non-transferable token that grants holders access to various benefits within the ecosystem. This includes earning rewards from the vLAYERK Ecosystem, gaining advantages through the Ranking System, and voting in LAYERK-DAO decisions. For each LAYERK token committed, one vLAYERK is issued to the user's wallet.

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Unvesting

It will be possible to initiate the unvesting of vLAYERK tokens through the Unvesting page. Upon executing a smart contract, you will receive LFi tokens. According to the unvesting smart contract, LFi tokens will be released gradually over approximately 730 days, on a per-block basis. The release will follow the formula outlined below:

$$LAYERK\ released\ each\ block = \frac{vLAYERK\ committed}{20937860}$$