Step App Perpetual Staking
The Step App staking dashboard offers the first of its kind perpetual staking. You stake once to get access to any opportunities that come. Lootboxes, yield, sponsored SNEAK drops, and pretty much everything else — starts here.The staking campaign begins with Lootboxes. Rather than sell the first NFTs to the community, we maintain our community-centric approach and offer these for free to the early adopters.
For every 100 $FITFI staked per 24h, you earn one DT
At the end of the Lootbox event, a snapshot is taken and a lottery takes place
You get bonus Drop Tickets for higher stakes, but no single address can win more than 5 Lootboxes
Lootboxes contain SNEAKs, gems, energy and $KCAL
Events keep looping: Lootbox events can be followed by different Lootbox events, yield events, brand drops, and other opportunities
You do not need to re-stake for future events. This staking is perpetual and rolls over to the next event automatically.
The staking is flexible and has no lock. You can leave whenever you like. Staking does have a short cooldown period of 14 days, meaning once you want to exit, you have to wait 14 days.
Anyone who wants to immediately unstake can do so aswell. This skips the 14 days of cooldown. The penalty of that is 16%. This amount goes to the DAO treasury, which can vote to do anything with this amount. Even burn it.
We are excited to bring the industry the first of its kind perpetual staking contract. We believe this form of staking is in the best interest of the community as a one-time stake opens opportunities to almost everything happening in the ecosystem.