This is a compilation of questions gathered from our Telegram community.
Please see the main staking page.
Estimated APR - annual percentage rate. This percentage is an estimate of how much interest you will earn if you stake for 1 year. This number will change based on how much PERP you stake relative to the size of the entire staking pool.
No. If you are staking when we enter the main phase, you will start earning main phase rewards automatically.
Yes, you can stake and unstake anytime. However, when you unstake, you will need to wait a 7 day cool-down period.
Our testing had the following results
Yes, you can stake for as long as you want. However, since staking represents a financial investment, you probably want to check in on Perpetual Protocol regularly :)
APR is mostly affected by how many people are staking. Rewards will increase once we enter the main phase, but it’s not yet clear by how much.
Rewards only appear on the Monday after you began staking.
We have discussed this and there is no plan now. However, it is an interesting long term plan that we might explore in the future.
This is hard to judge. Gas prices, ETH prices, and other factors all affect this decision. If you have a long term view, and you strongly support the project, then 500 PERP is a reasonable amount to stake.
2 - one to approve funds, one to stake.
Yes, there are no rewards earned during cool-down.
Rewards are distributed once per week.
Rewards can be claimed anytime, however some rewards are vested for 6 months. This means they can only be spent after 6 months from the time of issue (you can claim anytime - it does not affect the vesting period).
Yes, you need to pay gas for token approval and staking, as well as reward claim and unstaking.
Yes. After 3 weeks Perpetual Protocol will re-evaluate the situation and either extend the early phase, or move to the main phase.
This is highly unlikely because if exchange fees are this high the protocol will switch to the Main Phase and begin issuing USDC rewards.
Vest means to grant the right to something, so if rewards are vested after 6 months, it means they are yours now but the right to use them only triggers after 6 months.
Yes, you can claim anytime.
No, you have to pay the gas fee at the time you unstake. ETH tends to increase in price, so save ETH now and by the time you are ready to unstake, its price will probably have increased. This gives you a kind of discount on gas.
Staking has two purposes. Both purposes are related to the rare and unlikely event that the Perpetual Protocol DEX insurance fund is depleted due to some unforeseen financial crash, etc. In such an event, PERP will be sold to make up for any shortfall (ie. pay back traders who are owed money by the exchange.) First, staking helps ensure a high price for PERP, so that any PERP sold will have a high value. Second, staking helps ensure that PERP holders cannot panic sell during an emergency.
Part of the rewards are vested after 6 months to ensure stakers are serious investors who care about Perpetual Protocol and are not just looking for a quick return. This is needed because PERP holders can also vote on protocol governance and it’s important that they have the best interests of the protocol in mind while voting.
No, they are in a separate staking pool.
There is a link shown after claiming, to add the vesting date to your calendar.
Please review the staking info: https://docs.perp.fi/getting-started/staking
We do not have plans but we are aware that this is a problem and we will be discussing solutions soon.
We do not have USDC available to give out. Most PERP rewards are vested after 6 months, so we expect most stakers will be serious long-term investors in Perpetual Protocol and unlikely to sell quickly.
You must claim and re-stake.