Staking in CrossCurve

Staking in CrossCurve is an effective method for earning passive income by locking EYWA tokens. The platform combines traditional staking with additional income streams through voting and NFT boosts.

How Staking Works

In CrossCurve, you lock EYWA tokens for a specific period (from one week to three years) in a special DAO Locker smart contract. Each epoch lasts one week, starting Thursday at 00:00 UTC and ending Wednesday at 24:00 UTC. The longer the lock duration, the more voting power (veEYWA) you receive, with a maximum ratio of 1 locked token = 1 vote when locked for three years (156 weeks).

Rewards are accrued each epoch and tied to your EYWA DAO NFT. Rewards are distributed at the start of each new epoch for the previous one. The amount of veEYWA decreases linearly as the lock period nears completion.

Your stake is represented as an NFT, allowing you to:

• Transfer staking positions to other users

• Combine NFTs to increase efficiency

• Flexibly manage your position despite the lock period

Income Sources

1. Basic Staking Income

Weekly, you earn EYWA tokens proportionally to your veEYWA share. The "Compound" function allows automatic reinvestment of rewards, increasing your principal amount and generating compound interest - your income growth exponentially.

2. Voting Income

Locked tokens grant voting power (veEYWA) that can be monetized. Projects offer additional rewards for voting in favor of their pools. Voting yields various tokens, creating a second income stream. Read more here.

3. Yield Boost through NFTs

EYWA NFTs significantly enhance staking efficiency:

• Increase the amount of veEYWA earned

• Boost basic rewards

• Increase profits from voting

NFTs have five rarity levels and can enhance your returns up to 3x. Each NFT features a veEYWA multiplier (MV) and capacity (CT), defining the maximum token amount for boosts. Read more here.

Profit Maximization

To achieve maximum returns, it’s recommended to:

• Opt for longer locking periods

• Utilize the "Compound" function for reinvestment

• Acquire EYWA NFT for reward boosts

• Actively participate in incentive voting

• Combine NFT for optimal capital optimization

Benefits of Staking in CrossCurve

• Passive Income: Tokens generate income continuously, 24/7

• Management Flexibility: NFT representation allows transfers and stake combinations

• Multiple Income Streams: Combination of basic staking, voting, and NFT boosts

• Governance Participation: Influence platform development through decentralized voting

• User-friendly: Intuitive interface with clear epoch and reward structures

Conclusion

Staking in CrossCurve is a comprehensive system providing passive income through multiple reward streams. Diverse income sources (basic staking, voting, NFT boosts) offer potentially high returns compared to traditional staking models.

The platform enables not only regular passive income but also active participation in shaping the future of decentralized finance through voting, converting governance actions into additional profits. It represents an investment opportunity with potentially high returns and multiple parallel reward streams.