GERO stake pool rewards balancing
Starting with epoch 430 August 13th, 2023, $GERO rewards for GERO stake pool delegators will increase by three times the previous reward amount.
This increase in rewards is meant to recalibrate the $GERO rewards amount as well as encourage additional delegation in order to create a healthier stake pool as well as reward supporters from the community. Rewards can be claimed via Drip Dropz (https://dripdropz.io/).
How to get started
To get started with staking we have included a guide here: https://gerowallet.medium.com/staking-ada-with-gerowallet-7efe34c62f05
GERO stake pool ticker: GERO
Additional GERO stake pool info: https://cexplorer.io/pool/pool1a9cerx2tpjjp0acla2zs8zwggjlp0phqqauxzkkm5vk963608aw
Earning Rewards
You can earn rewards in many ways. Breakdown of rewards is explained below.
- Delegating ADA to the GERO Stake pool: Staking at least 250 ADA to the pool.
- Owning Gero NFTs: Each NFT you own will reward you 2.751 $GERO per NFT for each epoch.
- Owning NFTs from both the Gero stag collections and collaboration with Bajuzki Studios: If you own at least one NFT from each collection, a bonus of 8.5% will be applied.
- Owning $GERO: For every $GERO token held in your GeroWallet you will earn .00066 $GERO for each epoch.
- Delegating to the GERO pool for longer: Delegating to GERO for longer will earn you a higher bonus. Beginning with the first epoch you delegate you will receive a 1.25% bonus. This bonus maxes out at 15%. Once you receive the max bonus, as long as you stay delegated to the stake pool you will continue to receive the max loyalty bonus.
Rewards Breakdown
Additional Details:
- The minimum amount of staked ADA to qualify for rewards is 250 ADA.
- Rewards shown in the chart are guaranteed for the next 6 epochs following. After 6 epochs the rewards may be recalibrated for balance. If we make changes to the stake pool or rewards will be announced on our socials ahead of time.
- Loyalty bonus resets after an address stops delegating.
For questions or additional information you can reach us here:
GeroWallet
Discord: https://discord.com/invite/Wj4EyjNdNb
Telegram: https://t.me/GeroWallet
Support: https://www.gerowallet.io/#contact
Drip Dropz
Website: https://dripdropz.io/
Discord: https://discord.com/invite/BfFCgQyhRU
Telegram: https://t.me/+vjveM6iyK4Y2MTJh
About GeroWallet
GeroWallet is a Cardano decentralized finance (DeFi) wallet. GeroWallet is committed to building a dynamic environment for the advancement of blockchain by designing innovative, user-friendly tools for the DeFi community. Gero promises to continuously strive to provide accessibility to all through an intuitive user experience.
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