Terraforming SP#1, #2
Last updated
Last updated
In order to solve the problem of lack of liquidity of Polygon-based CREPE tokens and systems, the activity of transferring to the BSC (Binance Smart Chain) network is called Terraforming. Terraforming SP#1 and #2 mean two staking pools for Terraforming. These two staking pools have differences in staking period, withdrawal method, and reward rate.
Terraforming SP #1 is a short-term staking pool. If you stake by July 1, 2024, you will receive a reward of 12% APR (Annual Percentage Rate). If you apply for withdrawal on July 1, you can withdraw it 3 days later.
Terraforming SP #2 is a long-term staking pool and will receive rewards of 36.5% APR until February 5, 2025. However, after staking until July 1, 2024 (no early withdrawal), it will be vested and withdrawn in installments until February 5, 2025. In other words, the CRE (BSC) tokens staked during the vesting period (2024.07.01 ~ 2025.02.05, 220 days) are paid in real-time installments in proportion to the vesting period, and finally, full withdrawal is possible on February 5, 2025. It is a staking pool. Compound interest processing is possible from July 1, 2024, and if compound interest is processed, you will receive compensation of up to 44% (APY: Annual Percentage Yield) until February 5, 2025.
