Rewardable, a prominent task-to-earn crypto platform, has launched the “Stake & Earn” option, which allows $REWARD token holders to earn income. The staking product also offers single-token and liquidity pool staking to cater to various Web3 earnings profiles.
Rewardable operates an open staking pool for $REWARD tokens, where users can lock their tokens for 60 days, 90 days, or 120 days at fixed intervals. The product currently has an Annual Percentage Rate (APR) of around 60% for staking a long-term hold.
Single-Token Staking Offers Flexible Rewards
The staking process is straightforward, appealing to users who prefer a simpler approach to earning. However, the APR rate is dynamic and may vary based on the total amount of $REWARD tokens staked. This mechanism ensures balanced reward distribution and maintains engagement with the platform’s growing community.
Liquidity pool staking provides a more profitable alternative for users seeking enhanced returns. Participants can add liquidity to the ETH/REWARD pool on Uniswap and earn Liquidity Provider(LP) tokens. These LP tokens can then be staked on Rewardable, with current APR rates nearing 1600%.
The high APR reflects the platform’s strategy to encourage liquidity provision, strengthening the $REWARD token’s ecosystem. Like single-token staking, the APR for liquidity pool staking fluctuates based on factors such as the total staked amount and liquidity pool contributions.
Rewardable Enhance Passive Income and Ecosystem Growth
The “Stake & Earn” feature benefits participants by providing passive income. Liquidity provision stabilizes the $REWARD token, fostering confidence within the community. Rewardable’s deflationary tokenomics further adds value by reducing token supply over time and aligning user and platform incentives.
To be an active user on Rewardable, one has to sign up through the website with an account and go to the ‘Stake & Earn’ tab to join the preferred staking plan. Thus, one can either stake single tokens or actively participate in a liquidity pool while staking and supporting Web3.
Rewardable’s new feature underlines its commitment to innovation. It provides users with secure and effective methods to maximize earnings within the decentralized finance landscape.
