General information
What is staking?
Staking is a process whereby a user freezes his tokens on a smart contract for a certain period of time, and is rewarded for this in the form of interest on his deposit. Staking can be compared to a bank deposit, where instead of a bank, a smart contract is used to guarantee the safety of funds and interest accrual.
Why staking?
Based on the TON blockchain, it is very easy to create digital assets called tokens. Most token creators are interested in one way or another in reducing the circulating supply of their token. Creating staking is one solution to this problem, as well as a good way to reward dedicated holders.
Principles of staking operation
With the decentralised staking service from JVault, any user can create a staking pool with their own token. To do so, you need to go to the appropriate page, select the yield type, configure the desired parameters and confirm the transaction to create the pool. After that, the creator adds rewards to the staking pool, from which the yield for stakers is formed, and the pool becomes active. Any token holder can then make a deposit into the steaking pool, and start earning income. You can read more about the staking process in the corresponding section.
Main advantages of the JVault staking system
Low fees and ease of creation Setting up your own staking from scratch requires high financial and time costs, while JVault offers flexible conditions for organising staking pools and the creation process takes no more than a few minutes
Customisation When creating a pool, you can customise various parameters such as the type of yield (floating or fixed), a reward token, that may be different from the staking token, minimum deposit size, and more
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