Staking Splintershards

Staking Splintershards is a simple way to earn greater rewards and perks for holding the token within Splinterlands.

Staking

Staking is a way of locking up your SPS for additional rewards. Staked SPS cannot be spent or transferred out of your account.

Once staked, SPS tokens are subject to an unstaking period of 4 weeks. Once the unstaking of tokens has been initiated, they will be released into your in-game/liquid balance at a rate of 1/4 of the unstaked amount per week, for 4 weeks.

Please note that all SPS rewards earned from ranked battle victory, and Validator Node license rewards are staked automatically once they are claimed.

Staking Rewards

Initial SPS staking rewards began on Monday, August 2nd, 2021. The total reward pool for staking SPS tokens started at 7.5 million tokens per month and decreases each month.

Each player's share of current staking rewards is based on the amount staked by that player and the total amount staked by all players.

Staking rewards are calculated and accumulated automatically and can be claimed anytime by the owner, at which point they are added to the player's liquid SPS balance.

Additional Benefits

Governance Votes:

Staking SPS allows you to vote on governance proposals through the in-game governance system.

Rewards multiplier:

Staking SPS gives the user a bonus for ranked reward play.