1st DEX to Implement Exclusive Feature on BNB Chain!
Biswap x Binance partnership has made it possible! Biswap DEX is delighted to announce the launch of the Fixed Staking! It is an exclusive feature implemented on the BNB Chain for the First Time by DEX! We are delighted to have such excellent guidance and support from Binance.
Biswap aims to provide users with the most lucrative and convenient products to earn crypto. Fixed Staking presents users with prominent advantages:
- Fixed APR
- Stake & Earn TOP tokens
- A unique feature for Biswap users
- No impermanent loss
- Lucrative rewards daily
You need to be a BSW holder, as Fixed Staking requires a certain number of tokens to be staked in the Holder Pool.
Fixed Staking pools on Biswap are dateless pools created for various tokens with stable APRs. Pools with these tokens are available now: WBNB, ADA, and DOT. In the following kinds of pools, no commission will be charged upon withdrawal after a lock term:
- 30 days lock period — 200 BSW staked in BSW Holder Pool
- 60 days lock period — 300 BSW staked in BSW Holder Pool
- 90 days lock period — 400 BSW staked in BSW Holder Pool
Please remember that after you have staked with Fixed Staking on Biswap, you can withdraw your tokens without a fee after a specific deadline. So if users start before 30, 60 or 90 days run out, they need to pay a commission of 1.99% from the deposit amount + the acquired rewards. Users can unstake without fee after the lock term has passed.
The commission is charged when users withdraw before the lock term runs out.
Tokens can be harvested/unstaked after 30/60/90 days following staking. The user will have to unstake the total number staked to harvest tokens. The total staking amount and accrued rewards are granted to the user after unstaking.
The lock term period restarts after each additional stake.
The staking interest is distributed daily from 12:00 PM (UTC) on the day after the funds are deposited to the contract to the end of the corresponding product period (given that the funds are deposited before 12:00 PM (UTC). The first payout is tied to each stake separately.
For Instance: The user has staked 10 WBNB in the 90 days pool at 11:30 AM UTC today; the first reward will be acquired at 12:00 PM UTC tomorrow. If the user staked at 12:00 PM UTC today, the first reward will be acquired at 12:00 PM UTC the day after tomorrow.