HeliSwap and Staking
What is “One Side Betting” in HeliSwap… ?
One-sided Staking or also called “single asset staking” is a mechanism that allows users to earn staking rewards without having to provide a second token. This simplifies the overall staking process and reduces the cost of participation. In other words, Unilateral Staking requires users to own only one type of token in order to participate in the staking process. It also means that permanent losses are ignored as we only deal with a single currency type. This makes it easy for users to adjust their investment strategies and react to changes in the market. One-Sided Staking is made to keep things simple and efficient.
$HELI One-Sided Staking; $HELI is the main token of HeliSwap DEX and its usage is deeply rooted in the platform. That’s why we launched a Single Sided Staking (FAQ) pool where users can stake $HELI tokens and earn $HELI rewards. But the work does not end there; HeliSwap’s FAQ comes with several features:
Flexible Staking
Lock Mechanism for Single Side Staking
Voting Rights for DAO
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Flexible Staking; For those that have been around for a while, this might be considered “FAQ Phase 1”. The platform allows you to flexibly enter and exit the FAQ Pool on HeliSwap while accumulating claimable rewards. The APR percentage mimics the yield group in that it is dynamic and adjusted to the total stake. Users can deposit and withdraw tokens at any time.
Locking Mechanism for One-Sided Staking; HeliSwap offers the ability to “lock” your staked $HELI stocks for a predetermined period (minimum 3 weeks, maximum 1 year) from the flexible stake pool. Enabling the lock on your location will gain a static APR as well as dynamic APR from flexible staking. Static means that the APR remains constant regardless of how many users and tokens benefit from the lock.
Once the lock is activated, the flex bet position remains locked until the lock expires and cannot be removed early. We understand that some users may want to adjust their locks and increase their stakes, so adding more coins to the lock and extending the lock duration are two additional features you can take advantage of even when the lock is active.
Voting Rights for the DAO; Flexible staking and locking gives the DAO voting power and allows you to actively participate in the management of HeliSwap by creating and voting on proposals. To participate, users must gain the “vote power” which can ONLY be obtained through the above mechanisms
@HeliSwap_DEX
