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FAQ Staking

1/ What is Lock Staking 3 months/ Flexible Staking 3 months?

Lock Staking & Flexible Staking allows you to earn staking rewards by locking WST/WSS for a certain period of time based on the %APY of each program.
Lock Staking 3 months: You will lock WST/WSS for 3 months and receive staking rewards at the end of the period after the end of the staking term with a high interest rate.
Flexible Staking 3 months: You will lock WST/WSS for 3 months and receive staking rewards every day until the end of the staking term with a lower interest rate.

2/ What will happen to my assets after I choose Staking?

After you complete the staking steps, we will transfer the assets from your Wallet to the Staking product of your choice.

3/ What will happen to my assets on the Staking expiration date?

The staking reward will be distributed to your wallet according to the time of receiving the staking reward.
Your original assets will be allocated to your wallet at 0:00 UTC the next day immediately after the Staking expiration.

4/ Staking reward time:

Lock Staking 3 months: staking rewards will be calculated at 24:00 UTC on the last day of the staking term (3 months), and will be sent to users at 0:00 UTC the next day. The latest reward payment time is within 24-48 hours from the end of the staking term.
Flexible Staking: At 24:00 UTC every day, the system will confirm that the staking product is eligible for that day's reward (eligible staking products are the staking periods that have reached 24 hours). Staking rewards will be distributed at 0:00 UTC every day until the end of the respective product term.

5/ Can I withdraw money before the due date?

Lock Staking 3 months: This is a Pool with a high interest rate, so users cannot cancel before the due date. Users need to consider carefully before deciding to participate in staking.
Flexible Staking: you can choose to withdraw your money before maturity. After choosing to withdraw before maturity, the cryptocurrency you registered to deposit (principal) will be refunded, and the interest allocated to you each previous day will be deducted from the refunded principal amount. Please note that it may take 48-72 hours for the principal cryptocurrency to arrive in your wallet. If I withdraw my staked tokens before the due date, how is the interest calculated? You will not lose the principal, however the staking rewards allocated during the lock-up period will be deducted from the principal.
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1/ What is Lock Staking 3 months/ Flexible Staking 3 months?
2/ What will happen to my assets after I choose Staking?
3/ What will happen to my assets on the Staking expiration date?
4/ Staking reward time:
5/ Can I withdraw money before the due date?