Big News for Biswappers!
Biswap DEX is delighted to announce the launch of the Fixed Staking! It is an exclusive feature implemented on the BNB Chain for the First Time by DEX! Biswap x Binance partnership has made it possible! We are delighted to have such excellent guidance and support from Binance.
Holders of BSW and TOP tokens are presented with an exceptional opportunity to multiply their crypto assets on Biswap! Our team worked tirelessly to make it happen. Don’t waste your time. Stake & Earn TOP tokens now!
Biswap aims to provide users with the most lucrative and convenient products to earn crypto. Fixed Staking presents users with prominent advantages:
🚀Stake & Earn TOP tokens
🚀A unique feature for Biswap users
🚀No impermanent loss
🚀Lucrative rewards daily
What is it all about?
Putting it simply, Fixed Staking occurs when a user stakes tokens and receives profit with a fixed APR. The launch of the first Fixed Staking on DEX on the BNB Chain allows holders of the leading tokens to expand their crypto assets with no risk. You need to be a BSW holder as Fixed Staking requires a certain number of tokens to be staked in the Holder Pool.
Fixed Staking pools on Biswap are dateless pools, and they are created for various tokens with stable APRs. Pools with these tokens are available now: WBNB, ADA, and DOT. In the following kinds of pools, no commission will be charged upon withdrawal after a lock term:
- 30 days WBNB, ADA, and DOT Pools
- 60 days DOT Pool
- 90 days DOT Pool
The commission is charged when a user decides to withdraw before the lock term runs out.
Commission Fee for an Early Withdrawal
Please remember that after you have staked with Fixed Staking on Biswap, you can withdraw your tokens without a fee after a specific deadline. So if users withdraw before 30, 60 or 90 days run out, they need to pay a commission of 1.99% from the deposit amount + the acquired rewards. Users can unstake without fee after the lock term has passed.
Total Stake in Fixed Staking Pool
There is a maximum number of tokens that can be staked in each pool for all users.
30-day lock term — 2 125 WBNB total stake
30-day lock term — 365 000 ADA total stake
30-day lock term — 19 550 DOT total stake
60-day lock term — 2 300 DOT total stake
90-day lock term — 1 150 DOT total stake
There is a fixed max amount of tokens per user for each pool that can be staked. For example, 2 125 WBNB is the max stake for the pool. Once this amount is reached, no one can stake in this pool. In this case, you will be able to stake if someone makes a withdrawal of staked tokens from the pool, and this withdrawn amount becomes available for staking.
Total Stake per user in Fixed Staking Pool
Also, every pool will also have a maximum amount to be staked per wallet.
30-day lock term — 42.5 WBNB total stake
30-day lock term — 9125 ADA total stake
30-day lock term — 391 DOT total stake
60-day lock term — 92 DOT total stake
90-day lock term — 28.75 DOT total stake
For example, 42.5 WBNB is the total number of tokens per user that can be staked. You can stake up to 42.5 WBNB in the pool.
Harvest & Unstake of the Rewards
Tokens can be harvested/unstaked after 30/60/90 days following staking. The user will have to unstake the total number staked to harvest tokens. The total staking amount and accrued rewards are granted to the user after unstaking.
You have staked 1 WBNB in the 30-day lock term pool. You can harvest with no fee on the 31st day when you have earned 0.015 WBNB during the 30 days period.
📍Note: The lock term period restarts after each additional stake.
Suppose the user has staked 1 WBNB in the 30-day lock time pool today. Instantly, the timer activates to indicate the end of the timeline for the user to withdraw with no fee. Assume that 10 days later, the user decides to top up the staking amount in the same pool with 2 WBNB. Instantly, the timer restarts to count 30 days of lock time. Hence, the obtained rewards cannot be unstaked and stay on balance.
The unstake/harvest action usually happens momentarily, but it might take up to 48 hours in some cases.
Accrual of Rewards
The staking interest is distributed on a daily basis from 12:00 PM (UTC) on the day after the funds are deposited to the contract to the end of the corresponding product period (given that the funds are deposited before 12:00 PM (UTC). The first payout is tied to each stake separately.
The user has staked 100 DOT in the 90 days pool at 11:30 AM UTC today; the first reward will be acquired at 12:00 PM UTC tomorrow. If the user staked at 12:00 PM UTC today, the first reward will be acquired at 12:00 PM UTC the day after tomorrow.
Biswap makes every effort to maintain the best crypto-earning environment on the BNB Chain! Deep gratitude to all of you for taking this journey together with Biswap. With your help, we can make a big difference in DeFi!
Stake & Earn with Fixed Staking on Biswap! More profitable opportunities are on the way!
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