Staking
Last updated
Last updated
Staking pools enable you to earn rewards for simply holding the Charm token. When you stake your Charm tokens you will receive a variety of different rewards. It is just like earning interest from depositing cash with a bank.
OmniDex operates number of different staking pools to reward long-term investment in the protocol. Each pool has slightly different characteristics that are designed to suit different investment strategies
CHARM Staking: Earn OmniTrade fee rewards, esCHARM rewards and Multiplier points
esCHARM Staking: Earn OmniTrade fee rewards, esCHARM rewards and Multiplier points
KARMA Staking: Earn compound interest rewards on a yield bearing liquid staking token
Partnership Staking: earn a variety of different pertner tokens when you stake CHARM
Staking pools are different to Farms in that you only need to hold one type of token in order to earn rewards. This can be helpful if you expect the price of that token to rise quickly relative to other tokens as it avoids reducing profits due to impermanent losses. This lower level of risk will typically be reflected in the higher APR reward that you will receive from Farming vs Staking Pools.
