<aside> 💡 Polyhedra Network announced an exciting staking program starting on July 15, 2024, with a maximum staking period of one year (52 weeks). Participants can stake Polyhedra's native tokens to accumulate Staking Power, which entitles them to rewards.

Official Staking Website: https://stake.polyhedra.foundation/ Polyhedra Network Token Smart Contract Address: 0xC71B5F631354BE6853eFe9C3Ab6b9590F8302e81

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Introduction

Participants can stake Polyhedra's native tokens to accumulate Staking Power, which entitles them to rewards. Rewards will be calculated and distributed every Thursday at 00:00:00 UTC based on the ratio of each user's Staking Power to the total Staking Power by all users.

Reward Distribution Date / UTC Latest Staking Date (UTC) Rewards
July 18th, 2024 July 17 23:59:59 UTC 30,000 ZRO and 20,000 ZKJ
July 25th, 2024 July 24 23:59:59 UTC 30,000 ZRO and 20,000 ZKJ
August 1st, 2024 July 31st 23:59:59 UTC 30,000 ZRO and 20,000 ZKJ
August 8th, 2024 August 7th 23:59:59 UTC 25,000 CYBER and 38,000 ZKJ and 22,000 ZKJ (additional rewards)
August 15th, 2024 August 14th 23:59:59 UTC 30,000 ZRO and 20,000 ZKJ
August 22nd, 2024 August 21st 23:59:59 UTC 80,000 ZKJ and 5,000 ZRO
August 29th, 2024 August 28th 23:59:59 UTC 80,000 ZKJ and 5,000 ZRO
September 5th, 2024 September 4th 23:59:59 UTC 80,000 ZKJ and 5,000 ZRO
September 12th, 2024 September 11th 23:59:59 UTC 80,000 ZKJ and 5,000 ZRO
September 19th, 2024 September 18th 23:59:59 UTC 80,000 ZKJ and 5,000 ZRO
September 26th, 2024 September 25th 23:59:59 UTC 80,000 ZKJ and 5,000 ZRO
October 3rd, 2024 October 2nd 23:59:59 UTC 20000 ZKJ and 25000 EIGEN
October 10th, 2024 October 9th 23:59:59 UTC 20000 ZKJ and 25000 EIGEN
October 17th, 2024 October 16th 23:59:59 UTC 20000 ZKJ and 25000 EIGEN
October 24th, 2024 October 23th 23:59:59 UTC 20000 ZKJ and 25000 EIGEN
October 31st, 2024 October 30th 23:59:59 UTC 80,000 ZKJ and 5,000 ZRO
November 7th, 2024 November 6th 23:59:59 UTC 80,000 ZKJ and 5,000 ZRO
November 14th, 2024 November 13th 23:59:59 UTC 80,000 ZKJ and 5,000 ZRO
November 21st, 2024 November 20th 23:59:59 UTC 80,000 ZKJ and 5,000 ZRO
November 28th, 2024 November 27th 23:59:59 UTC 80,000 ZKJ and 5,000 ZRO
December 5th, 2024 December 4th, 23:59:59 UTC 80,000 ZKJ and 5,000 ZRO
December 12th, 2024 December 11th, 23:59:59 UTC 80,000 ZKJ and 5,000 ZRO
December 19th, 2024 December 18th, 23:59:59 UTC 100,000 ZKJ
December 26th, 2024 December 25th, 23:59:59 UTC 100,000 ZKJ
January 2nd, 2025 January 1st, 23:59:59 UTC 100,000 ZKJ
January 9th, 2025 January 8th, 23:59:59 UTC 100,000 ZKJ
January 16th, 2025 January 15th, 23:59:59 UTC 100,000 ZKJ
January 23rd, 2025 January 22nd, 23:59:59 UTC 100,000 ZKJ
January 30th, 2025 January 29th, 23:59:59 UTC 100,000 ZKJ
Feburary 6th, 2025 Feburary 5th, 23:59:59 UTC 100,000 ZKJ
Feburary 13th, 2025 Feburary 12th, 23:59:59 UTC 100,000 ZKJ
Feburary 20th, 2025 Feburary 19th, 23:59:59 UTC 100,000 ZKJ
Feburary 27th, 2025 Feburary 26th, 23:59:59 UTC 100,000 ZKJ
March 6th, 2025 March 5th, 23:59:59 UTC 100,000 ZKJ
March 13th, 2025 March 12th, 23:59:59 UTC 100,000 ZKJ
March 20th, 2025 March 19th, 23:59:59 UTC 100,000 ZKJ
March 27th, 2025 March 26th, 23:59:59 UTC 100,000 ZKJ
April 3rd, 2025 April 2nd, 23:59:59 UTC 100,000 ZKJ and 10,000 ZRO
April 10th, 2025 April 9nd, 23:59:59 UTC Rewards to be updated

<aside> 💡 Friendly Reminder: Reward Calculation and Distribution: Rewards are calculated and distributed every Thursday. Please note that this process involves Staking Power snapshotting, multisignature approval and on-chain Merkle Root update,the whole process takes 2 to 12 hours. We appreciate your patience during this time.

Increasing Staking Power: Extending your staking period can increase your Staking Power, which provides an opportunity to receive higher reward.

There is No Fixed End Date: The staking program will continue indefinitely. If any changes occur, a 52-week advance notice will be provided.

ZKJ Stakers will also be eligible to receive future airdrops from ecosystem projects on EXPchain. Please stay tuned for future announcements.

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Acquiring Staking Power

  1. Overview of Staking Power

  2. Staking Rules:

  3. How is Staking Power calculated?

    $$ \it{Staking\ Power} = \frac{ \it{position.amount} \times (\it{position.expiry} - \it{block.timestamp})}{ \it{max\_lock\_time}} $$

  4. For example, Staking 1 Polyhedra Network token for one week. If the current time (block. timestamp) = 1, what is the initial Staking Power obtained?

    $$ \begin{equation*} \begin{split} \it{Staking\ Power} & = \frac{ \it{position.amount} \times (\it{position.expiry} - \it{block.timestamp})}{ \it{max\_lock\_time}} \\ & = \frac{1 \times (1209600 - 1)}{31449600} \\ & = 0.004120847323972\end{split}\end{equation*} $$

Earning Rewards

  1. Rewards include: Rewards will be calculated and distributed every Thursday at 00:00:00 UTC, with the announcement of the next period's rewards.

  2. Reward Distribution:

  3. Reward Calculation:

$$ \begin{equation*} \begin{split} \it{User’s\ Reward} & = \frac{ \it{User’s\ Staking\ Power\ at\ snapshot}}{ \it{Total\ Staking\ Power\ at\ snapshot}} \times{\it{Total\ Rewards}}\\ \end{split}\end{equation*} $$

  1. Cost Description:

The following gas fees are calculated based on Ethereum network’s Gas Price = 10 gwei. (Gas Price fluctuates frequently)

FAQ

Q1: Is staking limited to a 52-week period? Can I choose different staking cycles?

Answer: No, staking is not restricted to a 52-week cycle. Users have the flexibility to select any staking period between 1 and 52 weeks. The maximum staking period is 52 weeks, and the minimum staking period is 1 week. Users can choose any duration within the 1-52 week range as their staking length.