How to Stake in Flexible Staking

1. Go to our Staking Platform at stake.deelance.com.

2. Click on “CONNECT WALLET” to connect your wallet.

If you are not connected to the ETH network, click on “Switch network to ETH”

3. After connecting your wallet, click “ADD ALLOWANCE” and Sign the transaction. Make sure you’re on Flexible Staking. If you’re a first-time user, you will have to get the tokens 

4. After enabling staking, you will be to stake DLANCE. Enter Amount to Stake, then click on "STAKE $DLANCE" button

Note: Minimum DLANCE staking amount is 800.

after clicking on "STAKE $DLANCE" you will be asked to confirm transaction. Click on the confirm transaction to stake DLANCE.

Note: wait for transaction to complete to stake DLANCE

5. In flexible staking, you are free to Restake your rewards.

APYs

What Is Annual Percentage Yield (APY) and How Does It Work?

The annual percentage yield (APY) is the actual rate of return on an investment that takes compounding interest into account. Compounding interest, as opposed to simple interest, is computed regularly and the amount is instantly added to the balance. With each passing period, the account balance becomes a bit more, and so the interest paid on the balance grows as well.

DIFFERENCE BETWEEN APY AND APR

APY is equivalent to the annual percentage rate (APR) used for loans. The APR is the effective percentage that the borrower will pay in interest and fees for the loan over a year. Both APY and APR are standardized measurements of interest rates presented as an annualized percentage rate.

The difference between APY and APR is that the former considers compound interest. Furthermore, the APY equation does not include account fees, only compounding periods. This is a crucial factor for an investor, who must weigh any costs that will be deducted from the overall return on investment.