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ORC Staking Guide
You can earn ORC rewards for locking your ORC tokens for a specified period of time. The ORC tokens earned through staking come from staking rewards pools, a separate pool per lock period.
Current staking lock periods with unlock date/times (UTC) are:
- 1 Month lock period 1st pool (November 4th 2022, 7:22:54 pm)
- 1 Month lock period 2nd pool (November 25th 2022, 7:48:09 pm)
- 3 Month lock period (January 4th 2023, 5:09:10 pm)
- 6 month lock period (April 6th 2023, 12:51:22 am)
- MRS MEGA 9 month lock period (July 30th 2023, 2:52:25 am)
- MEGA 12 month lock period (October 7th 2023, 4:00:01 pm)
You can earn SPIRITS rewards for locking your ORC tokens for a specified period of time. The SPIRITS tokens earned through staking come from staking rewards pools, a separate pool per lock period.
Current staking lock periods with unlock date/times (UTC) are:
- 1 Month lock period (May 8th 2023, 9:41:06 am)
- 3 Month lock period (July 8th 2023, 7:18:56 am)
- 6 month lock period (October 7th 2023, 3:05:26 pm)
- MRS MEGA 9 month lock period (January 6th 2024, 10:48:08 pm)
- MEGA 12 month lock period (April 7th 2024, 6:30:56 am)
- You can stake as many tokens as you like in any stake pool.
- You can stake tokens in more than one stake pool.
- You can stake tokens at any time within the lock period.
- Once you lock your ORC tokens, you cannot unlock them until the lock period has ended (1, 3, 6, 9 or 12 months). The lock end date is displayed on each stake pool as “Block End Time”.
- Stake ORC, Earn ORC: Greater rewards are allocated to stake pools of longer duration:
- 1 Month lock period: total rewards pool: 500,000 ORC tokens
- 3 Month lock period: total rewards pool: 2,500,000 ORC tokens (833,333 / month)
- 6 Month lock period: total rewards pool: 7,000,000 ORC tokens (1,166,666 / month)
- MRS MEGA 9 Month lock period: 12,000,000 ORC tokens (1,333,333 / month)
- MEGA 12 Month lock period: total rewards pool: 21,000,000 ORC tokens (1,750,000 / month)
- Stake ORC, Earn SPIRITS: Greater rewards are allocated to stake pools of longer duration:
- 1 Month lock period: total rewards pool: 50,000 SPIRITS tokens
- 3 Month lock period: total rewards pool: 250,000 SPIRITS tokens (83,333 / month)
- 6 Month lock period: total rewards pool: 700,000 SPIRITS tokens (116,666 / month)
- MRS MEGA 9 Month lock period: 1,200,000 SPIRITS tokens (133,333 / month)
- MEGA 12 Month lock period: total rewards pool: 2,100,000 SPIRITS tokens (175,000 / month)
- Rewards are distributed per staked token per second to all investors who have staked in a pool. Therefore, a large number of staked tokens will mean less reward per token staked.
- Stake pools will reward more tokens per staked token in the early stages of the lock period due to a lower number of tokens staked (i.e., more reward tokens per staked token per second)
- Tokens that have been staked will not receive reflection rewards.
- Transaction tax does not apply when staking, harvesting or withdrawing tokens.
- The maximum transaction size of 100,000,000 tokens.
(Apply equally for ORC/ORC and ORC/SPIRITS pools)
You will see the stake pools available.
Each stake pool has some data which updates periodically. You can also click on the ‘Update’ button to refresh the data before you stake any tokens
When ready, please click ‘Connect’ in the top right-hand corner.
You have now allowed the Orclands staking site to access metamask. On PC you will see your account address displayed in the ‘Connected’ box and your ORC token balance displayed in the ‘Orc’ box in the top menu bar:
On mobile you will just see your ORC token balance:
Enter the number of ORC tokens that you would like to stake and click on the ‘Stake’ button.
You will then be asked to approve the amount of ORC you wish to spend by clicking the ‘Approve’ button.
Once the approve transaction is completed, you can then confirm the stake transfer by clicking the ‘Confirm’ button.
You can now see in the Stake Pool Data that ‘Your staked’ amount has increased by the amount that you have just staked.
You do not need to enter the number of ORC tokens that you would like to harvest. Click the ‘Harvest’ button to claim ‘Your Rewards’.
If you enter a value, it will be ignored, and you will still harvest the amount displayed in ‘Your Rewards’.
Click ‘Confirm’ to confirm the transaction.
‘Your rewards’ balance is now zero and the rewards can be seen in the wallet you harvested the rewards to.
You cannot withdraw your staked tokens until the end of the locked period. When the locked period has ended, you do not need to enter the number of ORC tokens that you would like to withdraw. Click the ‘Withdraw’ button to claim ‘Your Staked’.
If you enter a value, it will be ignored, and you will still withdraw the amount displayed in ‘Your Staked’.
Click ‘Confirm’ to confirm the transaction.
‘Your Staked’ balance is now zero and the rewards can be seen in the wallet you withdrew the rewards to. If you do not withdraw your staked tokens, they will remain in the pool.
Happy Staking!
Last modified 7mo ago