Borrow

Staking in OrdiDoges is a powerful mechanism that allows users to lock their $OIDG tokens into operation and earn additional $OIDG interest.

Staking $OIDG Tokens: Staking involves locking a certain amount of $OIDG tokens. This action indicates your commitment to holding and growing your $OIDG holdings over a specific period.

Earning $OIDG Interest: By staking your $OIDG tokens, you can earn $OIDG interest. This means you will receive additional $OIDG tokens as a reward for holding existing rOIDG assets.

Duration and Interest Rates: The duration you choose for staking rOIDG tokens impacts the interest rate you will receive. Correspondingly, staking periods of 30, 60, and 120 days correspond to annual interest rates (APR) of 20%, 40%, and 60%, respectively.

Choosing a longer staking period can result in higher annual interest rates, providing incentives for users to commit to holding $OIDG tokens for a longer period.

Flexibility in Staking Periods: Users can choose the staking period that best fits their preferences and investment strategies. Whether it's a short-term commitment or a long-term strategy, OrdiDoges accommodates various timeframes.

Before the staking period expires, you can claim your $OIDG rewards. However, for the initially staked funds, you need to wait until the specified timeframe has passed to claim them. This allows access to rewards while maintaining flexibility and ensuring the integrity of the staking process.

Staking in OrdiDoges is a strategic way to maximize the potential growth of $OIDG holdings. By selecting specific durations for staking, you can earn $OIDG interest at competitive rates. This feature empowers users to participate in the growth of their $OIDG assets and enhance their overall experience in the OrdiDoges ecosystem.