Fixed Staking V2 is Set to Launch!

We are excited to announce the upcoming launch of Fixed Staking V2. The official release is set for Wednesday, October 25th, 2023, at 9:00 AM PST🔥.

This marks the second iteration of Fixed Staking offered by Ethernity, a highly sought-after DeFi product that has captured the attention of many in our community. This time, there have been some minor adjustments, all of which are detailed below.

What is Fixed Staking?
Fixed staking involves “locking up” a portion of your ERN tokens for a specified period, contributing to the ERN community in exchange for incentives, which are in the form of ERN tokens.

Staking Incentives
Stakers will receive incentives for staking their ERN tokens, with the incentive rate increasing incrementally based on the duration for which tokens are locked. The longer you choose to lock your ERN tokens, the larger your portion of the incentives.

Staking Durations and Incentives:

Plan A

By staking your ERN tokens for 90 days, you’ll earn an interest rate of 3% over the 90-day period.

Plan B

Opting for a 180-day lock-up period will yield an interest rate of 8% over the 180-day period.

Plan C

For those staking their ERN tokens for 365 days, an interest rate of 18.5% over the 365-day period is offered.

IMPORTANT:

• This time, we’ve set aside a 50,000 ERN incentive budget as a rewards pool with no specific limits between lock-up periods. In other words, incentives may be entirely allocated to participants in the 365-day pool, or divided among the 90-day, 180-day, and 365-day pools based on demand. However, the total rewards distributed will not exceed 50,000 ERN.
• Users with active stakes from Fixed Staking V1 can claim their rewards/tokens through a dedicated tab on the Fixed Staking product on our website. Please note that Fixed Staking V2 is considered a new staking offer, and active staking in V1 won’t impact the staking limit in V2.
• Ethernity Fixed Staking pools operate on a first-come, first-served basis. Once all 50,000 ERN has been reserved for stakers, further staking will not be allowed.
• Redeeming your stake early will result in a 70% reduction in the earned incentive (penalty fee). Early redemption will also involve a 5-day waiting period before you can claim your tokens.
• Any rewards that have been returned back to the rewards pool (due to early redemption of the staking) can be reused by other stakers.

Minimum Staking Amount: 10 ERN

Maximum Staking Amount: 25,000 ERN

How to Stake Your ERN Tokens

To start staking your ERN tokens, follow these steps:

1. Visit the Fixed Staking page on Ethernity.io.
2. Log in to your Ethernity account and connect your wallet through the Ethereum network.
3. Select the desired duration for your ERN stake.
4. Enter the amount of ERN tokens you wish to stake.
5. Review the Terms of Service and click “Agree.”
6. Click the “Stake” button.
7. Approve the transaction using your wallet.

That’s it! Your tokens are now locked, and you’ve initiated the process of staking ERN on the Ethernity platform.

About Ethernity:

Ethernity is a community-centric marketplace offering authenticated and licensed digital collectibles from the top entertainment brands in the world. The Ethernity ecosystem is built on the Ethereum blockchain and utilizes web3 technology for NFT, DeFi, and next-gen consumer products.

Ethernity links:

Website: https://ethernity.io

Twitter: https://twitter.com/EthernityChain

Discord: https://discord.gg/ethernitychain

Medium: https://ethernitychain.medium.com

Telegram: https://t.me/ethernitychain