πŸ’Έ Live - Brewlabs Staking

What is a Brew Pool?

A brew pool is a cool nickname for Brewlabs staking pools.

What is a staking pool and how does it work?

Staking pools are a common utility concept available across many platforms in the decentralised finance space and a great way to earn passive income on your existing holdings.
The process of staking is undertaken by the individual who instead of holding their tokens in a web3 wallet can instead lock their tokens into a staking pool contract. The staking pool contract will then reward the individual for the lock up of tokens by slowly releasing additional free tokens on top of the individual's original staked amount.
Our pools are also designed to ensure you still receive your BUSD reflections from trading volume, whilst you are staking your tokens.

How do I get started with staking?

It's very easy! Head over to the Brew Pools staking page and find a token you would like to stake with. Remember, you must hold the tokens you are willing to initially stake. Be sure to check the information about the pools including return APY (annualised yield), fees and minimum lock up periods.

Do I still receive my reflections while staking?

Yes, absolutely! The staking contracts are designed to capture trading volume reflections so when you harvest your rewards your will also harvest the rewards of the token that you are staking, resulting in you collecting two streams of passive income!

New pools?

Brewlabs will attempt to release as many pools as possible, however, the liquidity provided for such pools will usually come from partners and customers of Brewlabs Services Hub. We will always announce new pools in our Brewlabs News announcements channel.​

NFT staking and power up

Future staking pools will include the option to combine your staked token with an NFT. This NFT will provide a boost to your staked value. For example, you could receive a 2x in rewards for 24 hours when using a particular NFT or a 0% withdrawal fee from a staking pool!
Wallets will be able to mint one NFT per 24 hours at the cost of Brewlabs token. The NFT will be randomly generated with a possibility of a number of staking power ups or as a material to combine with other materials to create a new NFT. All mints that use the Brewlabs token will burn the Brewlabs token as part of the transaction.
We also plan to open a NFT marketplace so that people can buy/sell the staking power up NFTs.
Last modified 29d ago