Staking & Rewards
Why stake AGT for veAGT ?
AGT holders can stake & lock their AGT into the Antfarm DAO staking contract to receive veAGT. Staking allows participants to vote in the Antfarm DAO Governance and to claim rewards based on profits made by the DAO's positions on Antfarm pools.
veAGT determines the voting power within the DAO, and participate in shaping the future of the Antfarm ecosystem. The more AGT are locked, the more veAGT are earned and the more power comes with it.
veAGT is a non-transferable ERC-20 token. veAGT is only available after staking and locking your AGT. This is the fairest and more transparent model to keep the community engaged and involved for a better common future.
- The initial lock period is 1 month, renewed when claiming staking rewards
- When staking AGT you'll receive veAGT in a 1:1 ratio
- Your veAGT will be burned when you unstake your AGT (after the locking period has expired)
Alongside Liquidity Providers, the DAO invests and reinvests liquidity within Antfarm's pools. Thereby, the DAO collects a portion of ATF fees paid from some pool's swaps.
Currently, 30% of the DAO's collected ATF fees are shared among veAGT holders, the remaining will be sent to the DAO's Treasury.
veAGT holders can claim ATF fees (distributed by the DAO), at any time. The claimable ATF amount depend on the AGT amount staked (same amount as the veAGT owned).
Anytime you stake more AGT or you claim your rewards, the locked period will be renewed. This is to ensure that users who profit from the protocol can't unstake right away.
You can unstake your AGT after the lock period expired. Unstaking AGT will burn the equal amount of veAGT.
When unstaking, your unclaimed rewards will be redistributed to the remaining veAGT holders.