SQUIDS Staking
How Squids Staking Works
Overview
The Squids Staking system is designed to reward SQUID token holders who commit to holding their tokens for specific periods. By staking your SQUID tokens, you can earn ETH rewards while supporting the ecosystem.
Key Features
Staking Tiers
There are three staking tiers, each offering different reward multipliers:
1 Week Stake (Tier 1)
Duration: 7 days
Reward Multiplier: 1.0x base rewards
1 Month Stake (Tier 2)
Duration: 30 days
Reward Multiplier: 1.3x base rewards
3 Month Stake (Tier 3)
Duration: 90 days
Reward Multiplier: 1.8x base rewards
Staking Limits
Minimum Stake: 15,000 SQUID
Maximum Stake: 10,000,000 SQUID
Bonus Features
Consecutive Staking Bonus
Each time you restake (stake again after a completed stake), you receive a 10% bonus
You can earn up to 50% bonus through 5 consecutive stakes
This encourages long-term participation in the ecosystem
Referral Program
Earn 5% rewards when you refer new stakers
The person you refer must stake for at least 2 days
You cannot refer yourself
How to Participate
Start Staking
Choose your preferred staking duration (7 days, 30 days, or 90 days)
Stake at least 15,000 SQUID tokens
Optional: Include a referrer's address if someone introduced you to the platform
During the Stake
Your tokens will be locked for the duration you chose
You'll earn rewards based on your tier multiplier
The contract tracks your participation for consecutive staking bonuses
After the Stake
Once your staking period ends, you can:
Withdraw your tokens and rewards
Restake to earn consecutive staking bonuses
Start a new stake with a different duration
Rewards
Rewards are distributed in ETH
The more you stake and the longer you stake, the more rewards you earn
Bonus multipliers from consecutive staking can significantly increase your earnings
Referral rewards provide additional earning opportunities
Special Achievements
The contract tracks several achievements:
Top Staker: The address with the highest staked amount
Top Referrer: The address that has earned the most referral rewards
Your personal statistics including total stakes and rewards earned
APY Calculation Formula
Your effective APY is calculated as:
For example:
If you're in Tier 2 (1.3x) with 2 consecutive stakes (0.2x bonus):
Your multiplier would be: 1.3 × (1 + 0.2) = 1.56x the base rate
Additional Reward Factors
Stake Size Impact
Minimum stake (15,000 SQUID) receives standard rewards
Larger stakes up to maximum (10,000,000 SQUID) receive proportionally more rewards
Referral Rewards
Additional 5% rewards from referred users' earnings
These rewards are separate from and stack with your staking APY
Real-World Example
Let's say you stake 100,000 SQUID for 90 days (Tier 3):
Base Tier 3 multiplier: 1.8x
After 4 consecutive stakes: 0.4x bonus
Final multiplier: 1.8 × (1 + 0.4) = 2.52x base rate
If you also referred others, you'd earn an additional 5% of their rewards on top of your staking returns.
Important Notes
APYs are not fixed and depend on:
Total amount of ETH distributed
Total number of stakers
Distribution of stakes across different tiers
Your consecutive staking history
Rewards are distributed in ETH, not SQUID tokens
The contract automatically calculates and applies all multipliers
Higher tiers and consistent restaking lead to the best APY outcomes
Remember that past performance doesn't guarantee future returns, and APYs can fluctuate based on market conditions and total participation in the staking program.
Safety Features
The contract includes security measures to protect user funds
All transactions are protected against reentrancy attacks
Emergency withdrawal functions are available (controlled by contract owner)
The contract uses industry-standard OpenZeppelin security libraries
Remember: Always verify the contract address and interact only with official sources when staking your SQUID tokens.
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