Staking BYTE

What Is Staking?

Staking BYTE tokens will allow users to begin participating in the revenue sharing process of BinaryDAO. Earnings from the protocol treasury will be distributed back to stakers. NOTE: You have to stake your BYTE tokens in order to gain BinaryDAO revenue rewards. Simplying holding BYTE does not grant you reward distribution rights.

How Are Earnings Distributed

Staking reward distribution for BinaryDAO are divided into epochs. Treasury earning from previous epoch is distributed linearly in the current epoch.

Staking Reward

50% of revenue generated from treasury are converted to USDC and distributed to staked BYTE tokens. Note that the fees distributed are based on the number after deducting the network costs of keepers, keeper costs are usually around 1% of the total revenue.
To stake your BYTE tokens: