Introducing New Staking Pools for $PKF on Red Kite
Dear Red Kite community,
We are thrilled to announce the release of 3 new staking pools for $PKF on Red Kite. Each pool will have a different staking duration and set of benefits.
Take a look at the table below for detailed information about 3 new staking pools!
The staking requirements and mechanisms are the same for the old and new staking pools, but the APR is different. The reason for this change is our platform will undergo a substantial update next month, promising potential and providing additional utilities for $PKF. As a result, we decided to change APR values to align with the project’s development path and improve the user experience.
How to stake $PKF?
For new users:
1️⃣ Access the Red Kite website and choose the “Staking” menu.
2️⃣ Choose the “Linear Rate” and “Live” tabs.
3️⃣ Stake $PKF tokens in the pool you want.
👉 View detailed guidelines here: https://redkite-faq.polkafoundry.com/staking/linear-rate-pool
For users who have already staked:
Users who are staking in pools that still have a lockup term remaining (pools that are still valid) must wait until the lockup period expires before switching pools
1️⃣ Access the “Staking” menu on the Red Kite website and open the pool you are staking.
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2️⃣ Choose “Switch to Live pools”
3️⃣ After the popup appears, select a new staking pool you want to stake.
4️⃣ Choose the “Switch” button, then confirm by signing in with your wallet.
⚠️ NOTES:
- Users who are staking in pools that still have a lockup term remaining (pools that are still valid) must wait until the lockup period expires before switching pools without unstaking.
- After signing successfully and the transaction is confirmed, the user’s $PKF amount and prizes earned up until the moment of the user switch will be kept 100% and transferred to the new pool. This switch pool has no impact on the number of RKP that users gain from reputation.
- Users need to have gas fees ready to stake or switch pools.
About Red Kite
Red Kite is a cutting-edge launchpad powered by PolkaFoundry as a part of the growing $PKF ecosystem. Red Kite projects are carefully chosen through vetting, which takes everything from the origins of the project teams to legitimacy and implementation capacities into account. These projects are also supported by a network of our high-class marketing partners, leading influencers, and interactive communities.
Need more information about Red Kite? Follow us on PolkaFoundry’s official groups and channels so you won’t miss anything!
