🏦Staking & Reward Pools

Shine Pad enables any project to create its own staking or rewards pool. These pools are designed to incentivize early adopters who engage with the project's protocol or service by locking up their tokens for an extended period. Stakers are rewarded with additional project tokens for committing their tokens to the pool. This process is similar to earning passive income, akin to a bank term deposit.

Projects that establish a staking and rewards pool with Shine Pad can manage these pools through the project's specific token details page. An admin view will be available to those whose wallet addresses have created any smart contracts using Shine Pad services, such as team token locks, liquidity locks, token vesting, or staking.

Individual token pages will serve as a central hub where stakers can find information about a project's staking and reward pools, as well as view the staking power of its liquidity pool. A project can use its individual token page as a comprehensive resource for its community members and investors, offering details on staking pools, vesting, locking information, and more.

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Shine Pad Staking & Rewards Pool

• For Projects: Staking reduces the total number of tokens in circulation, which can decrease supply and potentially lead to price appreciation. Shine Pad's staking and rewards pools synergize with other Shine Pad services, allowing projects to direct their communities to a single page to view project details, lock events, and vesting schedules, in addition to joining active staking pools.

• For Stakers: The Shine Pad platform offers simplicity and a low barrier to entry for earning passive income. Staking pools make it easier for individuals to participate in proof of stake (PoS) networks by allowing them to join a pool and delegate their stake, rather than setting up their own node. This provides a convenient and low-risk way for stakers to earn returns on their digital assets.