Announcing 5x $GERO rewards for delegating to the GeroWallet Stake Pool

We have listened to the feedback and decided to increase the stake rewards to 5 times the original amount of $GERO. This increases the $GERO reward ratio from 0.0125 to 0.0625. For wallets already delegating to the stake pool you will receive 5x the rewards for the entire duration you were staked. Thank you to everyone who has delegated so far.

How to Participate

GERO is utilizing the Cardano Blockchains core functionality of delegating to a stakepool. To participate you can use GeroWallet or a compatible ADA wallet, search for the GERO stakepool and stake. To fully utilize the $GERO rewards, users should delegate their ADA starting today May 28st 2022.

Steps to Stake

  1. Create a GeroWallet or import an existing wallet to GeroWallet.

If you are already staked(delegated) to an active pool you simply need to change pools or add the GERO stake pool as a pool your wallet stakes to.

Leaving Stake pool Early

Users will have the ability to unstake their ADA at any time as the GERO token rewards are calculated for each Epoch (5 days) and will be distributed starting June 25th, 2022.

How Rewards are Calculated

Three variables determine how much $GERO participants in the stakepool will receive:

  1. Amount of ADA delegated. The more ADA you have staked the more rewards you will receive.

For example, if one delegates 1000 ADA for 6 epochs they will receive 375 $GERO when they claim from DripDropz platform: 1000∗6∗0.0625=375.0 $GERO tokens.

Participation Basics

  • Started May 25th, 2022 or Epoch 341

About GeroWallet

Our users are our motivation. We are committed to building a dynamic environment for the advancement of blockchain by designing innovative, user-friendly tools for the DeFi community. Our promise is to continuously strive to provide accessibility to all through an intuitive user experience.

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