Flexible Staking
Stake your $Flame and try to forget it! The Flame you stake in this magma pool will be automatically compounded (invested) for you, minus a small performance fee.
If you have staked FPT in the flexible staking magma pool, you can/cannot do the following:
Β·β Add more Flame in the flexible pledge pool
Β·β Rewards can be harvested at any time
Β·β Can be withdrawn at any time (fees will be charged for withdrawal within 72 hours after staking, see below for details)
Β·β You can convert all Flame in the flexible pledge pool to the lock-up pledge magma pool
Β·βIf Flame is pledged in the flexible pledge magma pool, then pledge Flame to the locked pledge magma pool (you need to convert the flexible pledge to the locked warehouse first, and then deposit it into the flexible pledge side pool)
Β·βOnly convert part of the Flame in the flexible pledge magma pool to the locked pledge magma pool
Decompression fee
Β· If you cancel the pledge (exit) within 72 hours, you will be charged 0.1% of the principal. After 3 days, the fee will not be charged for canceling the pledge
Β· Every time you manually put more Flame into the pool, the 3-day timer resets.
Β· This fee is only charged when the pledge is released, and it will not be charged when it is locked.
Performance fee
Β·2%, automatically deducted from the reward each time you harvest.
Β·For example, if 1 Flame is harvested, then 0.02 Flame will be deducted as a performance fee.
The Flame collected from the decompression fee and performance fee will be completely destroyed as part of the monthly routine FPT token destruction.
This is a good thing for Flame holders because it reduces the circulation and total amount of existing Flame tokens, which helps to reduce inflation.
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