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Staking Splintershards is a simple way to earn greater rewards and perks for holding the token within Splinterlands.
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 the liquid supply at a rate of 1/4 per week for 4 weeks.
Please note that all SPS rewards earned from ranked battle victory, seasonal and daily loot chests, and Validator Node license rewards are staked automatically once they are claimed.
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 will be reduced by 1% 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.
Later additional rollouts for staking rewards will include Governance Voting weighted by the amount staked, access to exclusive presales, promotions, tournaments, and more. Please visit the REWARDS PAGE of the SPS whitepaper for more details.