Bumper’s Staking module provides BUMP holders a means to support the protocol and earn rewards for staking some (or all) of their BUMP tokens into the module, ensuring the ongoing security of the token-economic system.
Staked BUMP cannot be transferred, sold or used for bonding to open Maker or Taker positions.
Staking rewards are paid in BUMP tokens which accumulate throughout the term and are claimable at the end of the fixed period. At the end of the Term, the original stake, plus the accumulated rewards, become claimable.
When staking BUMP, you can choose from either Fixed or Flexible staking terms. When you are staking, you cannot withdraw your tokens or use them for bonding to open Maker or Taker positions.
You earn a multiplier on your staking rewards depending on your chosen term:
Flexible terms
Any length: 1.0x
Fixed terms
30 days: 1.5x
60 days: 2.75x
90 days: 6.0x
Flexible staking allows you to jump ship whenever you want, and exit staking. However, when you exit a flexible staking term, there is a 10 day cool-down period when you decide to withdraw.
Once the cool-down is over, you’ll have two days in which to ‘unstake’. If we don’t hear from you, we’ll assume you want to go back into the flexible staking pool and re-stake your tokens, and that simply restarts your position to accumulate stake rewards again.
Once your staking period is over, you can choose to renew, including compounding your earned rewards back into the staking module, or you can withdraw your rewards and/or your staked tokens back to your wallet.
