What is Golom?
Video User Guides
NFT Trading Analytics
Connecting Wallet & Creating Profile
Buying a Fixed Price NFT
Listing your NFT
Making a Collection Offer
Terms of Service
The why's & how's of Staking
1 GOLOM locked for 4 years = 1.00
1 GOLOM locked for 3 years = 0.75
1 GOLOM locked for 2 years = 0.50
1 GOLOM locked for 1 years = 0.25
Tokens locked for 4 years will have the highest staking power and will earn the highest daily rewards while reward for tokens locked only for 1 year will be 25% of 4 year locked tokens
locks are NFTs
Tokenizing the lock position allows a single address to own more than one lock, locks balances are cumulative and each lock contributes to the overall
This further allows locks to be traded on secondary markets, as well as allows participants to borrow against their locks in future lending market places.
Staking GOLOM as NFT gives the following reward in proportion to the staking power
1.Inflationary Golom rewards
A Proportion of daily emission is allocated to stakers such that stakers are not diluted.
2.Protocol Fee: All the protocol fee is distributed to stakers pro-rata to their staking power