Staking Guide
The Thales staking contract allow users to lock THALES tokens to receive voting power in the protocol, claim THALES rewards and claim Protocol Rewards in USD stablecoins.
Last updated
The Thales staking contract allow users to lock THALES tokens to receive voting power in the protocol, claim THALES rewards and claim Protocol Rewards in USD stablecoins.
Last updated
By staking THALES on Optimism, Arbitrum or Base, every week you earn two types of rewards: Staking rewards in THALES tokens and Protocol Rewards in stablecoins. These rewards are synchronized and equal across all supported networks.
Staking Rewards are the main inflationary rewards distributed to all stakers once a week proportional to their Staked Share percentage value and proportional to their % of Total Global Points of Gamified Staking.
Base inflationary rewards are currently 18,183.13 THALES per week for all stakers, and they are decreasing every week.
Protocol Rewards are distributed in stablecoins to all THALES stakers from trading activity fees across all Thales Protocol contracts.
Visit the STAKING page on Thales.io using this link:
thales.io/token/staking?tab=stake-thales
Make sure your wallet is connected on the top right corner of the page.
In the STAKE/UNSTAKE box, input the amount of THALES you wish to stake in the input field.
After you input the amount, click on the APPROVE THALES button to approve the staking smart contract to pull your THALES amount.
After confirming the approval transaction, click on the STAKE button and confirm the transaction.
Congratulations! You are now successfully staking THALES and are eligible for weekly THALES and USD rewards.
If you ever decide to UNSTAKE your THALES, you can do that on the same box by toggling from STAKE to UNSTAKE.
Claiming of weekly THALES staking rewards is done on the REWARDS page.
Navigate to the REWARDS page by visiting this link:
thales.io/token/staking?tab=rewards
Click on the CLAIM REWARDS button and confirm the transaction.
After the transaction is confirmed you have successfully claimed USD rewards to your wallet and the THALES rewards to a 10-week escrow, after which they will be unlocked in the VESTING tab.
Once THALES staking rewards have been claimed, rewards are then moved to the Escrow contract with 10-week vesting. The escrowed balance is included in the staked balance for governance voting power and staking rewards. Escrowed rewards that are redeemed are no longer included in the staked balance unless they are staked through the staking contract.
Staking rewards are allocated to you once a week, depending on your My Staked Share percentage value at the time of the weekly snapshot. You can claim staking rewards weekly.
Unclaimed weekly rewards are forfeited!
