The Allure of Sponge Staking
Despite its variability, the Sponge staking APY is expected to remain high, standing at an attractive 724% APY. This provides an enticing incentive for Sponge holders to stake their bags and newly airdropped tokens.
Staking Lock-Up Periods
Holders have various opportunities with different lock-up periods. A minimum 7-day lock-up period offers standard APY rates. Longer periods include a 30-day lock-up offering 1.5x rewards, a 60-day lock-up period offering 2x rewards, and a 90-day lock-up period offering 3x staking rewards.
Accessing Staking Facility
Holders of $SPONGE can access the live staking facility through the Sponge token staking dashboard.
Hot Take: The Future of Sponge Staking
Sponge staking presents an exciting opportunity for holders to earn significant rewards, especially with the high APY rates and various lock-up period options. It’s a promising venture for those committed to maximizing their holdings and reaping the benefits of staking.
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