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. 1 Week Stake (Tier 1)

   • Duration: 7 days

   • Reward Multiplier: 1.0x base rewards

2. 1 Month Stake (Tier 2)

   • Duration: 30 days

   • Reward Multiplier: 1.3x base rewards

3. 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

1. 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

2. 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

3. 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:

Effective APY = Base Rate × Tier Multiplier × (1 + Consecutive Stake Bonus)

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

1. Stake Size Impact

   • Minimum stake (15,000 SQUID) receives standard rewards

   • Larger stakes up to maximum (10,000,000 SQUID) receive proportionally more rewards

2. 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):

1. Base Tier 3 multiplier: 1.8x

2. After 4 consecutive stakes: 0.4x bonus

3. 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.