Our new staking program is set to launch on Thursday, January 19th at 1pm EST. The current staking pool will remain open and unchanged.

The new staking pool will include a boosted APR, up to 20% from 10%. There will also be a mandatory lock-up period of 90 days from the day you have staked your tokens, you will be able to claim the $lavax rewards you have accrued at any time.

After 90 days, users can unstake their tokens, or leave them staked to continue accruing rewards. Please note, that anytime you add additional tokens to your stake, the 90 day lock up period starts over. It is recommended that you add the total amount you wish to stake at the start to avoid additional lock-up durations.

The new staking program is also tied to the previous staking programs tier system. The amount you stake represents which tier you belong to, this method remains unchanged.

If you want to continue staking your tokens in the current pool, feel free to do so! If you would like to switch over to the new pool with a higher APR, this can be done at any time.

After the first 90 days (April 18th) we will burn the equivalent amount of tokens that have been staked (up to 3mil $lavax). For example, if 2 million $lavax tokens are staked, we will burn 2 million tokens as an added bonus.

We will make an announcement on Twitter and in Telegram tomorrow once the pool is officially live!