What is dynamic staking on the Lyzi dapp?

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The term “dynamic staking” might sound a bit complex to describe something quite simple. In this article, we’ll explore its mechanics and see how this strategy can be a powerful way to optimize your returns. Unlike classic staking, where you lock your tokens to earn rewards tied to validating transaction blocks on a blockchain, dynamic staking operates more like farming in its function.

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What is dynamic staking?

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The dynamic staking feature allows users to invest their LYZI tokens in a liquidity pool for one or more periods with the goal of collecting returns.

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One cycle equals a period of 30 completed days, and there will be a total of 72 periods, which is nearly 6 years.

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This return is expressed as an annual percentage rate (APR) and varies depending on the number of participants, the date when LYZI tokens are deposited into the pool, and the proportion of tokens deposited relative to the total LYZI in the pool.

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In other words, by investing early and holding a significant share of the pool, you benefit from a higher return!​

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Initially, each cycle has a set number of tokens dedicated to rewards, which will be distributed among all users participating in our dynamic staking program.

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If you want to know the number of LYZI reward tokens allocated for each period, feel free to check our documentation.  

Or you can also review the smart contract on Better Call Dev.

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It is important to note that we have the option to increase the total number of reward tokens that will be distributed to participants before the end of the period. Stay tuned for a special offer on our staking.

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What are the conditions of our dynamic staking?

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Regarding the staking conditions, we have made sure to keep them as flexible as possible.

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This way, you have the ability to withdraw all or part of your tokens at any time, as they are not subject to a lock-up period.

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The minimum amount of tokens required for staking is 1 LYZI.

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To claim your staking rewards, you must wait until the end of the period, which is displayed with a real-time countdown on our dapp.

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Even if you withdraw your tokens from staking before the end of a period, you still have the option to return at the end of the period to claim your rewards.

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If you wish to leave your tokens staked for several months, that’s no problem, as they will be automatically carried over from one period to the next.

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However, if you want to benefit from compound interest, you will need to do this manually. At the end of each period, you will need to claim your rewards and then stake them again, which will increase your returns.

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How to stake your LYZI on Lyzi?

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1. Go to dapp.lyzi.fr

• Visit our official platform: dapp.lyzi.fr. This is the starting point for your staking journey with Lyzi.

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2. Connect your wallet:

• Make sure your Tezos wallet is connected. Security is our priority, so choose a trusted wallet to ensure a hassle-free experience.
• Don’t forget to have a few Tezos tokens to cover the network transaction fees.

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3. Navigate to the Staking category:​

• In the main menu, select the “Staking” category.

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4. Activate Staking:

• For newcomers, activate staking with a single click on “1. Activate Staking.” This will open your wallet to our staking process.

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5. Enter the amount of LYZI to stake:

• Enter the amount of LYZI you wish to stake.

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6. Confirm the transaction:

• Take action by clicking on “2. Stake X $Lyzi.” This step will finalize the transaction and put your LYZI into staking, making them eligible for rewards.

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Information you can find on the site:

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Our platform allows you to track essential data in real-time, such as:

• LA TVL (Total Value Locked) :
• Discover the total amount of LYZI tokens staked in the pool by all participants.

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• The number of stakers:
• Check the number of participants in the staking pool. A dynamic community is key to success.

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• LA Current rewards:
• The current reward refers to the total amount of LYZI tokens that will be distributed among all participants for the ongoing period.

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In conclusion, dynamic staking on Lyzi represents a unique opportunity for investors looking to maximize their returns in the cryptocurrency space. With exceptional flexibility, our approach offers a seamless and lucrative staking experience. The platform provides real-time data to guide users in their decisions, making staking on Lyzi an attractive option for those looking to explore the benefits of dynamic staking in the blockchain world.

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