Staking is a great way to maximize your holdings in staking coin or token. Once you have staked your assets, you can earn staking rewards on top of your holdings!
After we have launched the EFG dApp Staking, all the EFG stakers might wonder how this dApp is exactly calculate the staking reward (GPT)?
So, in this article, we would like to give you some explanation on how to calculate the reward for EFG staking. It is really simple, you can also try on your own.
Figure 1: the staked reward (GPT)
Once you have staked your EFG, the system will generate the reward to you daily and you can check it on the dApp website. Generally, the staking reward will be based on the creation time of each block (32 seconds), means the reward will be given for every 32 seconds. Additionally, the reward also depends on the period of time and the amount of EFG staking. For example, if you stake 1000 EFG in the system, you will get 1000*0.011% = 0.11 GPT daily (see figure 1).
The longer you stake EFG, the more GPT you will be received!
For more information
Website: https://efg.finance
Twitter: https://twitter.com/EFG_DeFi
Medium: https://efg-defi.medium.com
Telegram: https://t.me/EFGtoken