Our Mission

Staking is basically the process of depositing an amount of your Cryptocurrency holdings into a pool. While in these pools they are used by the blockchain to help network processing.

You earn rewards issued from the circulating supply of the asset over time. You benefit the network and it benefits you!

To stake GroveCoin go to dashboard.groveswap.io/staking in wallet dApps browser or with a dApps browser extension on your computer. In a few simple steps you can be earning a passive income of GroveCoin on our supported blockchain networks. You will need some of that network's native coin to pay network fees.

1.  Confirm the blockchain network that matches your GroveCoin bag on the browser (look for the blockchain logo or '...' then 'Switch EVM Network') and on the web page in the Menu (the two lines on mobile)
2. Connect to the webpage in the Menu with the green button.
3. Go to the pool you are interested in and Approve Contract this is a one-off transaction that will charge a very minimal network fee.
4. Press the + in the pool window and you select either the amount or current $ value of GroveCoin you would like to stake.
5. Confirm the stake and process the transaction.
6. You should see your staked funds in the GRV Staked section.

Congratulations! You are now passively gaining GroveCoin as rewards as long as your coins remain in the pool

In the GRV Earned section of your chosen pool window you will see your rewards equivalent to your staked amount and the pool Annual Percentage Yield (APY) rate.

Ex: You stake 100 GroveCoins in the 30 Day Lock Period pool which offers 25% APY

That means if you left your 100 coins in that pool for a year (365 days) you would earn 25% on top of your initial 100 coins, 125 coins total.

You can compound your earned amount in to your staked amount for a small network fee. This does not change the APY% but it does change the deposit value going forward.

Ex: 100 GroveCoin in the 25% APY pool, compounding at the end of every quarter (25% of the year)

Our APY% is 25 and we are compounding every 1⁄4 of the year. So we can split our APY in 1⁄4 too

25% * .25 = 6.25%

Now we have that we can see what happens each quarter of the year as we compound:

• Quarter 1: Start - 100 Coins End - 106.25
• Quarter 2: Start - 106.25 End - 112.89
• Quarter 3: Start - 112.89 End - 119.95
• Quarter 4: Start - 119.95 End - 127.44

‍
Effectively, your 25% return just became a 27.44% return just for pressing a button four times within a year!

You can compound more often that too! Monthly, weekly or even daily; many people build a habit and strategy of compounding that suits them. As long as you are correctly accounting for the value of network fees you can make a powerful impact on your rate of gain with compounding.

A pool lock period is the minimum amount of time your deposit must remain in the staking pool and cannot be withdrawn. The advantage to you is that these pools often offer higher % return rates for the security of your holdings being accessible to the network for longer periods of time.

With GroveCoin we have these pools and lock periods available:

• No Lock or Flexible : 15% APY
• 30 Day Lock : 25% APY
• 90 Day Lock : 40% APY
• 180 Day Lock : 50% APY
• 360 Day Lock : 60% APY

Once your lock period ends you are free to withdraw your staked Coins but you do not have to withdraw your funds. They can stay in the pool and keep generating/compounding rewards at the same rate as when they were locked.

When you compound on a locked amount it joins and does not start a new lock time.

Ex: If you have 1000 coins in a 90 day lock pool (40%) and you compound on day 10 then your new total will still unlock in 80 days. It does not restart the timer.

However, a new deposit on top will begin a new timer for that amount.

Ex: 1000 GroveCoin in the 90 day lock pool. On day 10 you add a new stake of a further 100 coins.

The 1000 coins will unlock 90 days from stake time (Day 90 of using the pool)

The 100 coins will unlock 90 days from stake time (Day 100 of you using the pool)

Earnings are calculated on the total staked amount (1100 coins in the example) but join the longest remaining lock period (Day 100 unlock).

With GroveCoin staking on our dashboard, most actions carry only network fees paid in the native coin of your matching GRV holdings.

The exception is withdrawing which carries a 2% withdrawal fee on the amount being withdrawn which is any unlocked staked tokens when the withdrawal is triggered.This fee is on the coins themselves, similar to a tokenomics tax.

This tweet from our Official Twitter shows that in any locked pool, you will still come out in a net positive even with no compounding (until prior to withdraw) and the 2% fee.

When you are ready to withdraw your staked amount please compound any remaining earned GRV. The current implementation of the withdraw function will withdraw the entire unlocked staked amount; the 2% withdraw fee is applied to this value. Once in your wallet you can utilize or restake part or all of your funds as you wish.

To Stake GroveCoin on dashboard.groveswap.io/staking at this time no other official platforms for Staking GRV exist.
For announcements about the project please check @GroveToken or @JohnGh87 on Twitter. As well as the grovetoken.com website.

Be careful where you connect your wallet, disconnect when you are done. Never give out your seed phrase and admins/mods will never DM you first!