Rewards and Staking

$CREDIT has been integrated into the Localcredit app so its easy to manage if you choose to do so. Rewards: All positive user activity earns $CREDIT from the protocol. By default your primary wallet will receive this distribution. All distributions are vested over 60 days and made available for withdrawal by using the app. Once vested rewards can be staked for aditional benifits. Staking:

Localcredit uses staking as a way to enoucurage a strong demand/supply curve for our token based economy. APY is variable and certain programs might be made available

  • Displays your current staked balance and the active point boost it provides.

  • Highlights potential additional boosts for increased or longer-term stakes.

  • Staked $CREDIT can pay for other integrations like real time wallet security monitoring and other features we plan to add.

Staking is entirely optional, handled securely by the protocol’s smart contracts, and never places your tokens at risk of liquidation.

Last updated