# Staking

Staking is a mechanism that allows users to earn yield. Staking a single asset is also known as simple staking or single-side staking. It simplifies the staking process for users and reduces the cost of participation. Further, this means that impermanent loss is being omitted as we only deal with one type of currency.

# Benefits of Staking SPL token

Simple: You only need to hold one type of token, SPL.

Efficient: Reduced number of transactions needed to participate in the staking process, making it more efficient.

Daily Accural: You'll earn rewards daily based on the APR rate and can claim them at the end of the staking period. The longer you commit to staking, the higher your APR.

APR boost: Staking SPL will boost APR rates, increasing your Staking rewards.

No Impermanent Loss: Unlike AMMs, you won’t face impermanent loss because you’re staking only one token, not a pair.

Sustainable: Eliminates the need to sell holdings to fund transaction fees, allowing investors to keep more tokens while earning rewards.

Airdrops: Staking SPL tokens will allow users to access token airdrops that will take place in the future

Exclusive NFT collections: Staking SPL tokens will allow users to access to exclusive NFT collections that will take place in the future

# How does Staking work

Staking provides a convenient and straightforward way to stake SPL tokens and earn staking rewards. Users can earn daily rewards by staking their tokens for a locked period of 15, 30, 90, or 180 days.

Your tokens will earn daily rewards based on the daily APR rate for the lock period, calculated as follows:

Rewards = (Deposited Funds x ( (APR / Seconds in a year) x Tier time in seconds) / 100

All the daily distributed rewards can only be claimed after the end of the staking reward.

Note: APR is subject to changes daily. The estimated rewards shown at the start of the locked staking period may differ slightly from the actual rewards generated.

# When can I claim my rewards

Users can claim rewards at the end of the staking period, 15, 30, 90, or 180 days from the staking date. Tokens will not be withdrawable before the staking period expires.

Note: users who have not unstaked their funds when the locking period has expired will not continue to accrue daily rewards.