It’s best to double check your address on Etherscan. If you still have issues, please come to our Discord for help.
What does EST.APR mean?
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.
Staking is divided into the Early Phase and the Main Phase. If I stake now during the Early Phase, do you need to unstake + restake when Main Phase comes?
No. If you are staking when we enter the main phase, you will start earning main phase rewards automatically.
Can I unstake at any time?
Yes, you can stake and unstake anytime. However, when you unstake, you will need to wait a 7 day cool-down period.
Any idea how much GAS/ETH will be needed when Unstaking?
Our testing had the following results
Can I stake for a long time without any operation?
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 :)
Will the APR will increase even more with the distribution of USDC exchange fees?
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.
I've used the 'staking' app for a day, but the app record doesn't show perp Reward as compensation. What is the problem?
Rewards only appear on the Monday after you began staking.
Will there be a Binance Staking plan or other exchanges?
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.
Is it worth staking if I have a small amount? ~<500?
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.
How many transactions I am supposed to do to enable staking?
2 - one to approve funds, one to stake.
If I initiate a cool down, will my earnings from the staking stop generating?
Yes, there are no rewards earned during cool-down.
How often are earnings distributed/ able to be viewed?
Rewards are distributed once per week.
Is there a lockdown period before claiming PERP rewards?
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).
If I staking my $PERP, do I need to pay gas fees?
Yes, you need to pay gas for token approval and staking, as well as reward claim and unstaking.
Is there a chance the Early Phase Staking lasts more than three weeks?
Yes. After 3 weeks Perpetual Protocol will re-evaluate the situation and either extend the early phase, or move to the main phase.
What would happen if 50% of the weekly exchange fees surpassed 150K Perp?
This is highly unlikely because if exchange fees are this high the protocol will switch to the Main Phase and begin issuing USDC rewards.
What does 'vested' reward actually mean?
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.
Is there any limit to how long you can wait before claiming? E.g. can I claim rewards every 3 months or 6 months?
Yes, you can claim anytime.
When Unstaking the Perp will I pay another portion of gas fees? can I do it all at once? And pay the fee at once.
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.
What function does staking provide in the PERP protocol?
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.
What is the reason the vested PERP Rewards are vested after 6 months?
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.
Are staked PERP tokens are in the insurance pool?
No, they are in a separate staking pool.
Is there a timer or somewhere I can track how long my tokens have vested for?
There is a link shown after claiming, to add the vesting date to your calendar.
What's the breakdown of rewards? And the rewards are in USDC correct?
Please review the staking info: https://docs.perp.fi/getting-started/staking
What are your plans to reduce the high staking costs / fees in the future?
We do not have plans but we are aware that this is a problem and we will be discussing solutions soon.
What's the point of giving out rewards in PERP and not in USDC? Will this cause sell pressure on PERP?
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.
Are the staking rewards compounded? Or we should claim and re-stake?