Staking

What is Staking/Unstaking $PACT?

Staking is a mechanism that allows you to get extra rewards from locking your $PACT (you cannot trade/transfer/sell for the period you set). Unstaking is the opposite mechanism when you unlock your $PACT, to be available in your wallet. Learn more: https://medium.com/impactmarket/impactmarkets-staking-de24ce9f3816

What is Staking APR?

Annual Percentage Rate, abbreviated APR, is the annual rate of return expressed in percentages. It means the annual rate that you will get when you stake your $PACT.

What is the difference between my impact farming rewards and my impact staking rewards?

The impact farming rewards are the $PACT token you get after a donation. You get rewards allocated to you for the next 30 days after a donation. The impact staking rewards are extra $PACT tokens you get from holding your $PACT and staking them. You get interest for every day that you have tokens staked.

What are the advantages of staking my $PACT?

- Multiplier effect on donations: For example, if someone donates $100 cUSD and has 2M PACT staked (& there are 10M PACT staked in total), it will add a 20% markup/premium effect on the amount donated. Meaning that it will be considered as a $120 cUSD contribution for the calculation of the daily PACT rewards allocation. - Daily rewards based on how much PACT is staked: For example, if someone has 1M PACT staked, it will account, for the calculation formula, as a $1 cUSD (Celo Dollar) cont...

What are the staking rewards?

The staking rewards are $PACT.

When can I stake my $PACT?

24h after your donation, your $PACT tokens are allocated to you, and you can stake them.

Can I choose the amount of $PACT that I want to stake?

Yes, you can choose the amount if you have $PACT tokens in your wallet ($PACT claimed or transferred). If you want to stake right after the allocation of the tokens (24h after your donation), you need to stake the total amount of your impact farming rewards.

Where will I receive my staking rewards?

Your staking rewards will be displayed as rewards on the impact farming page, and you should claim them on your wallet 15 epochs after the award or stake them 24 hours after the award. To check your rewards: 1. Go to www.impactmarket.com 2. select the "Take action" page 3. Click on "Impact Farming" and scroll down to the "Staking" menu.

Do I lose voting power when I stake my $PACT?

No. Let's say you have 10K $PACT in your wallet. You decide to stake it. When doing so, you are sending the 10k $PACT from your wallet to the staking contract, and in return, the staking contract gives you 10k SPACT. This new token, SPACT can be used for voting. This is mainly to prevent you from losing voting power. At any moment, you can unstake. When unstaking, the staking contract burns your SPACT and gives you your 10K PACT again.

How to stake $PACT?

You have two options to stake $PACT. Directly on your Libera (you stake all your $PACT) or on the website (you choose the amount of $PACT to stake) Libera: 1.Open your Libera 2.Go to the menu “Earn” 3. Press “Stake” Website: 1.Go to www.impactmarket.com (http://www.impactmarket.com) 2.Connect your wallet 3.Go back to your wallet and approve the connection 4.Go to the menu “Take Action" and choose "impact farming" 5.Choose option “Staking” 6. On the menu “Stake” - choose the amo...

Can I unstake my $PACT tokens?

Yes, at any time and any amount, but their allocation to your account takes 15 days.

When will I receive my unstaken tokens?

15 days after you ask to unstake them, your tokens will be available. Afterward, you must go to the impactmarket website and claim your tokens. They won´t be sent to your wallet directly!

How to unstake $PACT?

1. Go to www.impactmarket.com (http://www.impactmarket.com) 2. Connect your wallet 3. Go back to your wallet and approve the connection 4. Go to the menu “Take action” and choose "impact farming" 5. Choose the option “Staking” 6. On the dashboard, choose Unstake 7. Choose the amount you want to unstake and press “Unstake” 8. Go back to your wallet to approve the transaction

Where can I follow how many days is missing to receive my unstake tokens?

1. Go to https://www.impactmarket.com/ 2. Connect your wallet 3. Go back to your wallet and approve the connection 4. Go to the menu “Take action” and choose "impact farming" 5. Choose the option “Staking” 6. On the dashboard, choose the tab Stake 7. On “Rewards allocated,” you have an “i”. There is the information

How can I claim my unstaked $PACT?

1. Go to www.impactmarket.com (http://www.impactmarket.com/) 2. Connect your wallet 3. Go back to your wallet and approve the connection 4. Go to the menu “Take action” and choose "impact farming" 5. Choose the option “Staking” 6. On the dashboard, choose Unstake 7. Go to the option "Claimable Unstaked" 8. Press "Claim" 9. Go back to your wallet and accept the transaction 10. Your claimed tokens will be automatically transferred to your wallet