Flex Staking
Flex Staking offers a flexible way to earn rewards with your $TOKE, featuring variable returns and no cap on the pool size.
Unlike Prime Staking, you do not receive $STOKE tokens when you stake; instead, your $TOKE remains locked in the pool and earns rewards based on the total amount staked by all participants.
Key Features
No Pool Limit: There is no maximum cap on how much $TOKE can be staked in Flex Staking. Anyone can join or leave at any time, and the pool can grow as large as the community supports.
Variable Rewards: The amount of ADA you earn changes daily, depending on the size of the reward pool and your share of the total $TOKE staked.
Direct Staking: You stake your $TOKE directly and do not receive a liquid staking token in return.
Reward Calculation
A snapshot of all staked $TOKE is taken every day at 12:00 AM UTC.
Rewards are distributed in ADA, and your share is based on the proportion of $TOKE you have staked compared to the total pool.
Calculation Formula:
Daily Reward = (Your Staked $TOKE ÷ Total $TOKE Staked) × Daily Reward Pool (in ADA)
Additional Examples:
Example
Your Staked $TOKE
Total Staked $TOKE
Daily Reward Pool (ADA)
Daily Reward (ADA)
Monthly Earnings (ADA)
1
100,000
10,000,000
50
0.5
~15
2
500,000
8,000,000
80
5
~150
3
1,000,000
20,000,000
100
5
~150
Rewards are credited to the staking address holding your staked $TOKE.
Claiming Rewards
Accrual: Rewards accumulate daily based on your share of the pool.
Availability: Rewards can be claimed on-chain once per month, during the first week of each month.
Access: View your accrued and claimable rewards in the Tokeo app
Process: All claims are processed on-chain for transparency.
A minimum of 5 ADA accumulated in rewards are required to claim
How to Start Flex Staking
Step-by-Step Process:
Download Tokeo: Available on both iOS and Android App stores
Set Up Your Wallet: Ensure you have a Cardano-compatible wallet connected
Acquire $TOKE: Purchase or transfer $TOKE tokens to your wallet
Navigate to Rewards tab and Open the 'Earn' section
Select Flex Staking: Choose your staking amount and confirm the transaction
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