ILA Staking Goes Live!
At Infinite Launch we aim to create a staking model that benefits our holders in the long term while applying the deflationary mechanism to the token to increase the value of ILA.
With our core mission as a launchpad with IDO allocation for all, besides delivering the quality project investment opportunities, we would also like to bring long term benefits to ILA long term hodlers via this Staking & Farming program.
This article explains how the staking process works.
What is staking?
Many cryptocurrencies are available for staking. This can be compared to an interest-bearing saving account which requires you to lock your funds for a set period of time. You earn rewards with your crypto because they are put to work instead of staying still.
When you stake your $ILA, your tokens will be accumulating rewards while being “locked” in the protocol. After the locked period expires, you can withdraw the staked tokens to your wallet.
How much reward will I earn by staking $ILA?
Take a look at the table below to learn more about these four pools!
How to stake $ILA?
What you need
· A BEP-20 compatible wallet like Trustwallet, Metamask, etc.
· Some $ILA tokens
· Some BNB (BEP-20) tokens for gas fees.
- Click and copy this link: infinitelaunch.io/stake-farming
- Click on the Binance logo on the top right corner. Click on connect wallet icon and connect your wallet.
- Click on the Pools & You will see Flexible pools: 45 days pool and 90 days pool. Feel free to choose any pool you want.
- Click approve, then confirm.
- Click stake.
- Select stake amount of your $ILA balance in your wallet and then click Stake.
- Wait a few seconds for the transaction to be confirmed.
Now you are all set. You will see your ILA rewards jumping anytime now.
How to unstake?
1: Click and copy this link: infinitelaunch.io/stake-farming
2: Connect your wallet and Click on the Pools you want to unstake tokens
3: Click “Unstake” Button in pool
4: Input Token Amount to unstake and click unstake
5: Confirm transaction in your wallet
6: You can see your tokens
Important Notes:
Be aware of the 3% transaction fee when participating in any pool.
All staking pools on Infinite Launch aim to provide long-term benefit for ILA holders. We highly recommend you did your own research before joining.
You can upgrade your Tier by locking ILA here to get a chance to join the IDO & receive more bonus APR while staking.
Locking ILA to acquire Tiers will not offer APR like staking, it gives investors allocations. Based on your tiers, you will be eligible to receive different bonus APRs in staking pools.
General Warnings on Liquidity Providing
In order to provide liquidity you always need to provide the same value of both tokens. This means that if you want to put a liquidity worth of 100 $ILA tokens and let’s say, it’s worth 100$ at that time, you also need to provide 100$ worth of BUSD tokens.
While providing liquidity you have to understand the phenomenon of impermanent loss. Impermanent loss happens when the price of your tokens changes compared to when you deposited them in the pool. The larger the change is, the bigger the loss.
So why do liquidity providers still provide liquidity if they’re exposed to potential losses? Well, the impermanent loss can still be counteracted by other ways. In fact, even pools that are quite exposed to impermanent loss can be profitable thanks to the trading fees or high APR.
While we have a large amount of ILA tokens reserved for the liquidity mining program, these rewards will be distributed among all liquidity providers that are staking, so the APR and rewards will change accordingly.
Final note: the larger the liquidity, the healthier the market. This means less volatility on each trade, with the risk of impermanent loss decreasing drastically.
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