As we now enter the third month of our incredibly successful Paribus staking program the lockup period is expiring for some of our early investors and they’re wondering how best to proceed. Our current staking pools are Aereus, Argenti, and Aurum which have reward periods ranging from 90 to 365 days, and lockup periods ranging from 60 to 300 days.

The lockup period marks the point at which you’ll incur a 30% slash penalty for early withdrawal. For instance, the Aereus pool has a 90 day reward period and a 60 day lockup period. The reward period begins from the date the pools first opened, 28th Dec 2021, whereas the lockup period runs from the day you first stake your tokens.

If you staked when the Aereus pool first opened you would exit the lockup period while there are still 30 days of rewards remaining. This means from that point on you can withdraw your tokens from the pool and you won’t receive any slash penalty but you will stop receiving additional rewards. Or you can keep your tokens staked in the pool and continue to receive tokens until the expiration of the remaining reward days, after which time you won’t receive any additional rewards.

To withdraw your tokens, including your rewards, you need to exit the staking contract which doesn’t happen automatically. So if you don’t withdraw your tokens they remain in the pool, but they won’t accrue any more tokens after the reward period has ended.

Given the tremendous success of the staking program, the current market dip, and low Ethereum gas fees some people are choosing to withdraw from their first stake pool and re-stake them in one of the longer pools. No one likes gas fees but the consensus amongst participants in the staking program is that the rewards greatly outweigh the gas, which is why so many people are looking to withdraw and deposit into one of the longer pools.

The Argenti pool for instance currently has a dynamic Annual Percentage Yield (APY) of just under 115% and still has another four months of its reward period remaining. The Aurum pool has a lower dynamic APY but still has 10 months of its reward period remaining. These levels of APY automatically adjust according to how popular the pools are and will never fall below 25% or 30% respectively.

When you stake your PBX tokens you need to make sure they’re in a metamask wallet and authorize that to connect with the Paribus staking app. Be careful of imposters and make certain that you’re on the official staking website: https://stake.paribus.io/

The process of staking requires that you choose which pool to join and each one has a different minimum and maximum staking level. For instance, the mid and long-term pools, Argenti and Aurum, require a minimum level of 500,000 PBX and 1,000,000 PBX respectively. They also have a maximum limit of 3,000,000 PBX and 6,000,000 PBX respectively.

When you choose which pool to stake in and are sure you have sufficient PBX tokens you’ll be required to authorize two consecutive transactions that incur two separate gas fees. Fees always change depending on the Ethereum network but can be around $75 in total, on average. At present some people are timing their transactions to take advantage of low gas fees and by doing so it can cost as little as $20 in total. It can however cost more, so we recommend you check the gas fees first using a tracker such as etherscan, https://etherscan.io/gastracker, and ensure you have sufficient ETH in your metamask wallet to avoid any costly failed transactions.

Gas fees are universally hated by people in the cryptocurrency space but they’re unavoidable at present. The reason so many people are buying the dip and re-staking in the longer pools is that the rewards they’ve received are far higher than they anticipated even when accounting for the gas fees incurred. As previously mentioned the APY is dynamically set according to pool saturation, so these rates are likely to change, however, they will never fall below the guaranteed minimum rates of 25% for the Argenti pool and 30% for the Aurum pool.

To give a comparison, if you were to buy 1m PBX tokens at the current rate and stake them in the Aurum pool, by the end of the reward period you would have accrued 250,000 PBX in rewards at the minimum rate of 30% APY. So an $11,000 stake would yield $2,750 of rewards over 10 months at today’s approximate prices. Should the price of PBX increase over the 10 months your stake and yield would also increase in value giving you much higher returns, and that’s all at the guaranteed minimum APY level. The dynamic APY for Aurum is sitting at just under 80% at the time of writing so the actual rewards are likely to be significantly higher.

For those wanting more details on staking you can join our official Telegram group https://t.me/paribus_io where we have a vibrant community ready to answer any questions you’ve got. In these uncertain times, it makes sense to hold onto your cryptocurrency and for PBX holders the timing is perfect to dive into our staking pools and earn some incredible yield rates whilst waiting for the markets to settle and the value of PBX to grow.