Update and info on Staking
London 23 rd of April 2022
Staking can be useful and misguided at the same time and create a hype of thin air. This post is to update and clarify Propel single token staking and Propel liquidity mining farming) and what is next.
Propel Single Token Staking 100% APY Almost Finished
There are around 220 million Propel on BSC left to stake until Pool is finished.
When the pool is 100% staked to 800m Propel with max 800m Propel Staking Rewards. There will be NO more single staking Pool on PayRue BSC.
People asked us what is the reason in the first place for this single staking pool. The most logical answer is, of course, to encourage holders not to sell Propel and that is partly true, same time another important factor was always for PayRue to be able to give and reward very early users of Propel in a way that gave them Hodl opportunity and same be able to claim Staking Rewards even hourly, daily or monthly by choice.
How To Stake?
The easiest way to Stake is to
- Install/Download PayRue Wallet from Apple Store or Google Play Store and Stake directly in PayRue Wallet
- Connect to payrue.finance with MetaMask and Stake directly on the web page.
Important Update: Liquidity Mining (Farming) APY Rates
On the 2nd of May 2022, PayRue is reducing the APY for Liquidity Mining of BNB/Propel in PanCakeSwap V2 and JulSwap from 120% APY to 33% APY.
Future
PayRue will launch a new rewarding way to Earn Propel soon that will be based on
- Trading Volume on new PayRue NFT Exchange
- Earn LP Tokens for governance, swap, NFT, farming, and rewards based on activity.
