$TRUST Staking
What is better than holding $TRUST? It is holding $TRUST and getting even more $TRUST.
1. Staking Guide - Step by Step
Step 1: Go to https://staking.trustmebros.fun and choose the duration you want to stake
There are 4 staking periods: 1/3/6 and 12 months.
Make sure you read the RISK DISCLAIMER and understand all risks involved.
Click Yes to proceed with staking
Click No to return to homepage
Step 2: Approve
In this step, you authorize the staking contract to access your $TRUST tokens.
Step 3: Stake
Your $TRUST will be sent to the contract, in return, you will receive another token, named Access TRUST. This token can be used to access telegram private group and $TRUST AT Model.
Step 4: Rewards
After the staking duration ends, you can withdraw the position to receive:
The original $TRUST deposit.
The reward in from of xTRUST.
Step 5: xTRUST to $TRUST
Click the Claim Rewards button to get your magic internet money.
In this step, you can burn your xTRUST to redeem $TRUST at a 1:1 rate.
Direct Link: https://staking.trustmebros.fun/claim
2. Where Does The Yield Come From?
If you need to ask this question, you are the yield.
In this situation, Dev is the yield.
At first year, all rewards/yield will be subsidized from Dev's Wallet:
- Up to 30m $TRUST to staking contract in 1st year, slowly rolling into the contract each month, starting from today Feb 18 2025.
After the first year, the plan is to make $TRUST a profitable project, and staking rewards will come from the revenue source.
3. Reward Distribution
Staking reward is distributed heavily toward long term stakers.
Reward structure is designed to support small holders.
For example: If there are only 2 users who stake, user A with 1m $TRUST, user B with 125k $TRUST, reward pool is 30m.
User A stakes 1m, after 12 months, they get ~15m $TRUST
4. Early Withdrawal
Users can withdraw BEFORE the staking duration ends, but will get 25% slashed from their original deposit, and receive no reward at all.
The 25% slash will go back to the reward pool.
5. Access $TRUST
After staking $TRUST, users will receive an equal amount of $aTRUST from the contract.
This aTRUST is non-transferable, and it can be used to:
6A. RISK DISCLAIMER FOR $TRUST STAKING
By staking $TRUST tokens on https://staking.trustmebros.fun, you acknowledge and accept the following risks:
Smart Contract Risk
The staking contract could contain bugs or vulnerabilities that may result in loss of funds
Once tokens are staked, they are under the control of the smart contract code
Smart contracts may be immutable and issues cannot always be fixed
Protocol Risk
Your funds are locked in the contract during the staking period
You may be unable to unstake quickly in case of emergencies or market events
Rewards rates and staking conditions may change
Contract Security Risk
While the staking contract is initially controlled by $TRUST project 's team, the contract could potentially be compromised
If hacked, malicious actors could alter the contract's behavior or drain funds
The contract owner's permissions could be seized by attackers
Contract functions and parameters may be changed without notice
Funds could become permanently locked or stolen if contract ownership is compromised
Always verify the contract address and current contract ownership before each interaction
Monitor official channels for any security alerts or unusual activity
Token Risk
$TRUST token value may fluctuate while your tokens are staked
Staking rewards may not compensate for token value decreases
6B. LIMITATION OF LIABILITY:
@DegenApe99 and all associated team members bear no responsibility for any losses, damages, or issues that may arise from staking $TRUST tokens. This includes but is not limited to:
Direct or indirect loss of funds
Smart contract failures or bugs
Network issues or delays
Market-related losses
Hacks or security breaches
User interface errors
Wallet connection issues
By proceeding with staking, you confirm that:
You understand these risks and are staking at your own discretion
You have verified the contract address and token details
You are not staking more than you can afford to lose
You have researched the project and team thoroughly
You waive any right to hold @DegenApe99 or the team liable for losses
You are acting on your own behalf and judgment
This list is not exhaustive, and other unforeseen risks may exist. Always conduct your own research before staking any tokens.
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