Lition is a scalable public-private blockchain with deletable data features, made for commercial products.
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- How to stake Lition?
Staking Lition with a Staking Pool is easy and can be done with a single-click Ethereum transaction. You simply deposit funds into the smart contract from the official Dashboard and choose your desired lockup period. Furthermore you can configure it to automatically compound your rewards in the interface.
- How can i expect to earn staking LIT?
The effective yield for staking Lition depends on the volume of transactions on our energy sidechain. The higher the number of transactions, the higher the rewards. Also, during an initial period of extra incentivization, ecosystem tokens are used to supplement staking earnings. The other metric to consider is the total amount of Lition currently staked. You can play with the Lition Staking Calculator to estimate you earnings under certain scenarios.
- Is there a risk to stake Lition?
Staking with a Lition Pool is safe as long you protect your private keys. Your tokens are sent to an Ethereum smart contract and can only be withdrawn to the same address used to stake.
Please consider the smart contract risk of the staking pool.