Staking Plan
Staking is a crucial component of the Scypher Banking ecosystem, designed to incentivize long-term holding of SCY tokens, provide additional utility, and contribute to the platform's security and governance.
Stake SCY Tokens
Stake directly through the Scypher platform interface.
Minimum Staking Amount
Stake at least 100 SCY tokens to start earning rewards.
Higher Rewards
Longer staking periods offer higher rewards and benefits.
Staking Periods, Rewards & Unstaking
Choose from various staking periods with corresponding APY rewards and unstaking details
Tier Comparison
Rewards are calculated and distributed daily.Users can choose to auto-compound their rewards or claim them manually.
| Tier | Staking Range | APY Bonus | Fee Discount |
|---|---|---|---|
| Bronze | 100 - 999 SCY | +0% | 10% |
| Silver | 1,000 - 9,999 SCY | +1% | 25% |
| Gold | 10,000 - 99,999 SCY | +2% | 50% |
| Platinum | 100,000+ SCY | +3% | 75% |
Voting power in platform decisions is proportional to staking amount and duration. Gold and Platinum tier members can submit proposals.
Additional Staking Benefits
Priority Access
Access new features and tokenized assets before others.
Higher Snipping Bot Limits
Increase your usage limits on the Snipping Bot.
Exclusive Content
Gain access to educational content and webinars.
Staking Security
Smart Contract Audits
Regular third-party audits are conducted on staking smart contracts. The results are published transparently on the platform.
Insurance Fund
5% of staking rewards are allocated to an insurance fund, protecting against potential smart contract vulnerabilities or hacks.
Integration with Platform Components
Snipping Bot Exchange
Stakers get priority execution and higher tier unlocks advanced Snipping Bot features.
MPC Hot Wallet
Stakers receive higher transaction limits, and Platinum tier stakers get free withdrawals.
Cold Wallet Storage
Enhanced backup and recovery options for stakers, with higher tiers receiving priority support.
Implementation Roadmap
Implement core staking functionality and launch with base rewards and tier system.
Integrate governance rights, fee discounts, and enhanced platform features.
Fully integrate staking with Snipping Bot, MPC Hot Wallet, and Cold Storage. Implement dynamic APY adjustments.
Introduce additional staking products and optimize based on user feedback.