Linear Rate Pool
Last updated
Last updated
1. GENERAL INFORMATION
The linear rate pools include the following information.
Name of staking pool: You can check the token used to stake here (PKF)
Benefit: You can check the benefit (With IDO or Without IDO) of the pool.
Earned: The current number of PKF you earn as staking rewards.
APR: Annual Interest Rate. Click the document icon on the right to view detailed information.
Remaining: The remaining tokens till the pool is full. "-" indicates that there is no restriction to the number of tokens that can be staked in this pool.
Lock-up term: The length of time the tokens remain locked. Current terms on Red Kite are 3 months, 6 months, and None (No time limit).
Withdraw delay time: The amount of time you must wait when unstaking tokens from the pool. When you unstake tokens:
Withdraw delay time: This time is only applied for Linear Rate Pool with a lock-up term as None. It’s the amount of time you must wait when unstaking tokens from the pool. When you unstake tokens:
The rewards you have earned up to the date you unstake your tokens will be transferred to your wallet address.
The system will stop calculating your rewards.
After the delay time, you can receive the tokens you staked to your wallet address
2. HOW TO STAKE
Step 1. Click the "Details" button to view detailed information about the pool.
The detailed information of this pool includes:
Total Pool Amount: The maximum number of tokens that can be staked in the pool. The text “Unlimited” is displayed if there is no restriction to the number of tokens that can be staked in this pool.
Start Join Time: Start time to join this pool.
End Join Time: End time to join this pool.
Stake amount (Min): Minimum number of tokens you need to stake.
Step 2. Connect Wallet: Skip this step if you are already connected to your wallet on Red Kite.
Step 3. Activate pool: Click Enable button to join the pool. After enabling the pool by confirming the transaction on your wallet, you can simply stake your tokens in the pool. Skip this step if you have already enabled PKF.
Step 4. Stake: The Stake popup will appear after you click the Stake button.
Click the "Stake" button on the popup after entering the token number you want to stake. In your wallet address, you will be prompted to confirm the transaction.
You can view the number of tokens you staked and the stalking rewards after staking successfully.
Linear Rate pool with no limit of lock-up term:
Linear Rate pool with lock-up term (3 months, 6 months, 1 year):
Expiry Date: = The date time you staked + The lock-up term. You can claim the staking rewards after this time.
Estimated profit: The estimated staking rewards you will receive after the expiry date, based on the current APR and the number of PKF or LP-PKF you staked in the pool.
For staking pools with IDO benefit, the staked numbers of PKF or LP-PKF will be used to calculate RKPs, which determine your tier on Red Kite. Go to My Account > My Tier menu to check your tier and your RKPs.
3. HOW TO STAKE MORE
Step 1: Open the pool you have already staked by clicking the Details button.
Step 2: Click the Stake button to stake more tokens.
Step 3: Enter the number of tokens you want to stake more and click the Stake button on the popup. It will connect you to your wallet address to confirm the transaction.
The new staking rewards are calculated from the date and time you staked more and based on your new staked amount of PKF or LP-PKF, total tokens staked in pools, number of blocks, etc.
For Linear Rate pool with lock-up term (3 months, 6 months), the expiry date will be extended from the date and time you staked more PKF or LP-PKF
4. CLAIM STAKE REWARDS
Step 1: Open the pool for which you want to claim rewards by clicking on the Details button.
Step 2. Connect Wallet: Skip this step if you are already connected to your wallet on Red Kite.
Step 3: Click Claim Token button, the Claim popup will appear.
Step 4: Click the "Claim" button on the popup > Click Sign on your wallet to confirm the transaction. You can check the claimed rewards in your wallet after the transaction is mined successfully.
You can claim rewards in the following cases:
1. Linear Rate pool with no lock-up term:
You can claim the rewards at any time after successfully staking.
The staking rewards will be reset to 0 and will continue to be calculated from the date and time you successfully claimed tokens.
2. For Linear Rate pool with lock-up term (3 months, 6 months, 1 year)
You claim the staking rewards accumulated up to the date you staked more tokens.
OR You can claim all of your staking rewards after the expiry date.
5. HOW TO UNSTAKE 5.1. Linear Rate pool with no lock-up term
Step 1: Open the pool details by clicking on the "Details" button.
Step 2: Connect Wallet: Skip this step if you are already connected to your wallet on Red Kite.
Step 3: Click the "Unstake" button, the Unstake popup will appear.
Step 4: Enter the amount you want to unstake > Click the "Unstake" button on the popup > Click Sign on your wallet to confirm the transaction.
Case 1: If you unstake 100% of your staked tokens.
(1) The staking rewards you have earned up to the date you unstake your tokens will be transferred to your wallet address. In the “Earned” area of the pool detail, the staking rewards are reset to 0.
(2) Staking: The amount remaining after you unstaked.
(3) Withdrawal Amount & Available at: The amount you unstaked and the date and time you can withdraw it. The Withdraw button is disabled until it reaches the date-time you can withdraw tokens.
Case 2: If you do not unstake 100% of your staked tokens
(1) The staking rewards you have earned up to the date you unstake your tokens will be transferred to your wallet address. In the “Earned” area of pool detail, the staking rewards continue to be calculated by your remaining staked amount.
(2) Staking: The amount remaining after you unstaked. If you continue to unstake, the confirm popup will appear when you click the Unstake button again.
When you continue to unstake, the withdrawal delay time will be extended, starting from the last date and time you unstaked, whether or not you have any tokens pending withdrawal.
Example:
Withdrawal delay time: 7 days
On 2021-09-01 11:00:00 (UTC+8), you unstaked your tokens -> You can withdraw your tokens on 2021-09-08 11:00:00 (UTC+8)
But On 2021-09-03 12:30:00 (UTC+8), you continued to unstake your tokens -> The withdrawal delay time extended to 2021-09-09 12:30:00 (UTC+8).
(3) Withdrawal Amount & Available at: The amount you unstaked and the date and time when you can withdraw it. The "Withdraw" button is disabled until it reaches the date-time you can withdraw tokens.
Step 5: When the withdrawal delay time is over, click the Withdraw button to receive your tokens in your wallet. Be sure to click Sign on your wallet to confirm the transaction.
5.2. Linear Rate pool with lock-up term
The steps to unstake fom Linear Rate Pool with lock-up term is the same as the one with no lock-up term. However:
There is no withdrawal delay time.
Only the Staking Rewards will stop being earned once it reaches the expiry date. Your tier and Red Kite Points are preserved unless you unstake.
