Cellframe Staking Program Instructions and Economics

Cellframe Staking Program Instructions and Economics

Category: Update

Category: Guide

Title image, read title

This guide walks you through how to use the Cellframe Staking Page, providing you an overview of the Staking Program, and instructions on how to Deposit and Withdraw.

LIVE NOW — the Cellframe Staking Program can be accessed at: https://staking.cellframe.net.

Cellframe Staking Program Review

To reward the community who decide to contribute to bootstrapping liquidity on Uniswap, we decided to put 5% of the total supply as rewards for liquidity providers on the CELL/ETH pair on Uniswap. This means a total of 1,515,000 CELL will be up for rewards — which is 28.6% of the circulating supply.

The LP Rewards Program will last for 180 days, during which all 1,515,000 CELL tokens will be distributed at a constant rate every block.

Estimated APY = 1,515,000 CELL/6 months= 3,030,000 CELL per year = 12,120,000$ at 4 USD

Estimated APY = Dollar value of LP tokens/12,120,000 * 100%

In other words, every day 8,416 CELL will be distributed to liquidity providers that stake their Uniswap LP tokens in the staking program. As rewards allocations are calculated every block, liquidity providers can withdraw and claim their rewards anytime they want.

Real-time APY can be tracked on the Cellframe Staking UI.

At the end of the program, we will have distributed 1,515,000 CELL to liquidity providers on the ETH-CELL Uniswap Pair.

Cellframe Staking UI Intro

  • Deposit — This is where you stake Uniswap ETH-CELL LP to earn CELL.
  • Withdraw — This is where you unstake Uniswap ETH-CELL LP and claim your CELL rewards.
  • Stats — This is where you can see overall stats on the program such as program length, accrued rewards, claimed rewards, TVL, and more.

Deposit Instructions

  1. Provide liquidity to the ETH-CELL Uniswap pair here (or click on the Uniswap logo which will take you to the pair) and receive ETH-CELL LP Tokens.
  2. Connect your metamask wallet and go to the deposit tab.
  3. Click “Deposit.”
  4. Approve the two transaction requests on Metamask.
  5. Confirm the deposit of your ETH-CELL LP Tokens in the Staking UI.

Withdraw Instructions

  1. Go to the “Withdraw” tab and connect your Metamask wallet that you deposited ETH-CELL LP tokens with.
  2. Enter the amount of ETH-CELL LP tokens you want to withdraw. The “Amount to Withdraw” field shows the ETH-CELL LP tokens you can withdraw. Withdrawing your ETH-CELL LP tokens also withdraws the accrued rewards, pro-rated by percent of deposited ETH-CELLLP you are withdrawing.
  3. Click “Withdraw.”
  4. You will be asked to approve one unstake transaction. After the LP withdrawal is approved and completed, you will receive your LP tokens and the CELL rewards.

About Cellframe

Cellframe is a quantum-resistant layer-1 network focused on facilitating secure and scalable cross-chain transfers. Cellframe aims to create an infrastructure for decentralized low-level services through its multichain nature. It is quantum-safe — it uses post-quantum encryption by default. Cellframe is built from scratch with plain C, which results in more efficient utilization of CPU and memory.

Stay tuned for more info and follow us at:

Twitter: https://twitter.com/cellframenet

Telegram: https://t.me/cellframe

Website: https://cellframe.net/

Telegram ANN: https://t.me/CellframeANN