Staking WMTx
WMTx Staking is back, better than ever!
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WMTx Staking is back, better than ever!
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Staking WMTx is now available on both Base and Cardano.
If you hold WMTx on Base, you can stake your tokens by locking them in our staking smart contract. Staking begins on the 1st of the following month once you have connected your wallet and last for 30 days. At the end of each epoch (30 days), you’ll receive your staking rewards, and the next epoch will start automatically. Please note: if you unstake or add to your stake during an active epoch, you will forfeit rewards for that period.
If hold WMTx on Cardano, you can now stake both WMTx and ENNFTs using the new Vault. A snapshot of your holdings will be taken on the 1st of each month. To receive rewards, you must hold your WMTx in your Cardano wallet for the entire duration of the staking period. Removing any WMTx from your Cardano wallet will mean you miss out on rewards for that staking period. Please note: If you wish to stake WMTx on Cardano, you'll need to create a new Vault. You cannot use the seed words from your old Vault.
To check out how to stake your WMTx please visit our staking website here:
What if I hold WMTx on BNB or Eth?
Unfortunately, you will not be able to participate in core staking if you hold WMTx on these blockchains. However, you can bridge your tokens to either Base or Cardano to participate in core staking: ?
How long will core staking go on for?
Core staking will continue until the launch of WMC mainnet.
What is the difference between staking WMTx on Cardano and Base?
Staking WMTx on Cardano and Base works similarly: if you successfully stake your WMTx for the full duration of the staking period you will receive your rewards. The key differences are that Cardano staking allows ENNFT holders to stake their ENNFTs, as each ENNFT automatically contributes 100,000 WMTx to staking. Base requires direct interaction with smart contracts to start staking WMTx. Additionally, staking on Base has a fixed 30-day staking period while on Cardano each staking period is from the 1st to the 1st of each month.
How does staking WMTx on Base work?
Staking your WMTx using our smart contracts on Base is a simple and straightforward process. After connecting your wallet and selecting the amount of WMTx you wish to stake, you’ll start staking on the 1st of the following month.
Each staking epoch lasts exactly 30 days. A new epoch begins immediately after the previous one ends- this cycle is fixed and does not follow the traditional calendar month.
If you increase your stake during an active epoch, you will not earn any rewards for that current epoch. Instead, your updated stake will start earning rewards from the next epoch, which begins on the 1st of the following calendar month. This new epoch is treated as your first full epoch with the new stake.
As each epoch is a fixed 30-day period, it doesn’t always align with the end of a calendar month. If you make any changes to your stake between the end of an epoch and the end of the month, your next staking period will begin on the 1st of the following month.
