Pondo Staking Provider

Pondo enables you to earn rewards from your ALEO tokens while maintaining liquidity. It rebalances delegation of your ALEO to the validators with the most yield on the network, to ensure optimal performance.

In addition to providing liquidity, Pondo lowers the barrier to entry for stakers and is open to any validator to participate. Rebalancing is permissionless and programatic making the protocol decentralized while at the same time not relying on any gouvernance mechanism.

You can delegate 100 ALEO Credits for staking in Pondo here.

As the outcome of the transaction, you will mint a certain quantity of pALEO tokens, that represent your current share in the Pondo staked pool. The more you wait, the more ALEO credits you can get from those same pALEO tokens you own. These Credits come from the rewards of your staked ALEO.

To get your delegated credits back, along with associated reward, you must burn the pALEO tokens you own.

There are two possibilities for doing so:

• Instant Withdraw - Getting your credits back instantly, in one transaction, but paying a 0.25% fee.
• Two steps Withdraw - Burn your pAleo tokens in a first transaction, then wait a minimum of ~2.5 Days before you can claim associated credits back.