Staking

Staking Mechanism

  • Holders of $PLAY tokens can stake them by placing them into a staking vault.

  • Tokens in the vault are not available for other use- they are effectively taken out of active circulation.

  • Staked tokens receive the equivalent of ecosystem rewards, on a weekly basis, in the form of additional PLAY tokens (or fractions thereof).

  • The distribution of staking payments comes out of the Ecosystem Fund.

  • The distribution amount is initially set by PLAY, and over time will transfer to a DAO.

  • These revenues are distributed pro-rata to the stakeholders in the vault.

  • To qualify on upcoming votes, stakeholders voting power correlates to the staked amount over a set period of time prior to the vote.

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