Staking Guide
Staking WELEPHANT tokens provides passive income from game activity. This guide explains how staking works and how to maximize your returns.
How Staking Works
When you stake WELEPHANT, you receive stWELEPHANT (staked WELEPHANT) tokens representing your share of the staking vault. As rewards accumulate, the value of stWELEPHANT increases relative to WELEPHANT.
Staking Rewards
Revenue Source
20% of all game fees are distributed to stakers. This happens automatically every round:
- Round completes with winners
- 10% fee is collected and swapped to WELEPHANT
- 20% of that (2% of total pot) goes to staking vault
- Your stWELEPHANT represents a growing share of the vault
Reward Calculation
Your Rewards = (Your stWELEPHANT / Total stWELEPHANT) × Staking Distribution
The more rounds played, the more rewards accumulate in the vault.
Staking vs Playing
| Aspect | Playing | Staking |
|---|---|---|
| Risk | Variable - can win or lose | None - principal protected |
| Returns | High variance | Steady, predictable |
| Effort | Active participation | Passive income |
| Upside | PAYDAY jackpots possible | Consistent growth |
Best Strategy: Both
Many users combine strategies:
- Stake a base position for guaranteed returns
- Play with a portion for excitement and jackpot chances
- Auto-stake winnings to compound growth
How to Stake
Staking WELEPHANT
- Navigate to the Stake page
- Enter the amount of WELEPHANT to stake
- Approve the transaction (first time only)
- Confirm the stake transaction
- Receive stWELEPHANT tokens
Unstaking
- Navigate to the Stake page
- Enter the amount of stWELEPHANT to unstake
- Confirm the unstake transaction
- Receive WELEPHANT tokens (original + earned rewards)
Auto-Stake Feature
Enable auto-stake to automatically stake WELEPHANT winnings:
- Every time you win WELEPHANT from rounds
- Tokens are immediately staked
- Compound your returns effortlessly
Understanding stWELEPHANT
stWELEPHANT is a receipt token that:
- Represents your share of the staking vault
- Increases in WELEPHANT value over time
- Can be transferred or traded
- Is required to unstake and claim rewards
Exchange Rate
The stWELEPHANT to WELEPHANT exchange rate starts at 1:1 and increases as rewards accumulate:
Rate = Total WELEPHANT in Vault / Total stWELEPHANT Supply
Staking APY
APY depends on:
- Total game volume
- Your stake size relative to total staked
- Round frequency and pot sizes
Historical returns are visible on the Stats page.
Risks and Considerations
Smart Contract Risk
- Contracts are audited but not risk-free
- Only stake what you're comfortable with
Opportunity Cost
- Staked tokens cannot be used for playing
- Consider your preferred balance of active vs passive income
No Lockup
- Unstake anytime
- No penalties for withdrawal