Stake CLY to access Colony
Last updated
Last updated
To access Colony's platform, interact with it features, receive rewards, and become a member of the investment DAO, you need to stake your CLY. It’s important to note that staking more $CLY will result in higher rewards and potentially a greater allocation in Seed/Private sales during our upcoming fundraisings on Early-Stage.
After staking your CLY, you will receive ANT tokens on our application. ANT tokens are generated upon staking CLY. ANT tokens represent the CLY staked, where 1 CLY equals 100 ANT.
ANT tokens hold significant utility within Colony's application, particularly within the Early-Stage feature. They enable users to interact with Projects' NESTs (Seed/Private sales) on Colony's platform. ANT tokens provide users with the ability to express investment interest in specific projects by committing them as collateral within Projects' NESTs. Through this commitment, users unlock opportunities to invest in USDC during seed/private token sales. The USDC allocation that ANT tokens enable depends on each NEST, considering parameters such as the raise target, market outlook, and other factors. Once the USDC contribution is committed, the ANT tokens are released, ready for further commitment to other projects' NESTs.
ANT tokens can also be staked to access the VIP Program benefits.
🐜ANT tokensIf you need a step-by-step guide to assist you through the staking process, please refer to the following section or the article below it:
Staking tutorialWhen using Colony Lab’s platform, there are two fees* to be aware, both of which directly benefit $CLY stakers.
Deposit/Staking Fee (2%): This fee safeguards existing $CLY stakers from dilution by new stakers. Whenever new $CLY is staked, a 2% staking fee is collected. The entire fee is immediately sent to the Staking Rewards contract for redistribution among all other stakers, proportionate to their $CLY holdings. Keep in mind that after paying this deposit/staking fee, you start earning on the fees generated by those staking after you, with your earnings dependent on the size of your stake relative to others on the platform.
Unstaking Fee (10% — 2%): This fee encourages long-term commitment from dedicated $CLY stakers and restricts the number of $CLY unstaked post Airdrop sessions. The fee initiates at 10% after an airdrop session and gradually decreases every second until reaching 2% over 8 days. Similar to the staking fee, 100% of the unstaking fee is promptly sent to the Staking Rewards contract for redistribution to all other stakers, based on their $CLY holdings.
Unstaking fee breakdown:
· 1 second post-airdrop session: 10% penalty
· 2 days post-airdrop session: 8% penalty
· 4 days post-airdrop session: 6% penalty
· 6 days post-airdrop session: 4% penalty
· 8 days post-airdrop session: 2% penalty
· Beyond airdrop session (+8 days): 2% penalty for all unstake actions
All CLY collected from the above will be redistributed to our stakers.
*Please note that these numbers are not set in stone and can be updated in the future.
