Phaver Launches SOCIAL Token Perpetual Staking Farm on TokensFarm

tl;dr

- Phaver's new staking farm on TokensFarm allows SOCIAL token holders on Base to earn high APR by staking.
- Base-exclusive staking with all rewards paid in SOCIAL tokens.
- Phaver integrates multiple protocols like Lens Protocol and Farcaster, creating an interconnected Web3 social media experience.

Phaver Perpetual Staking Farm Available at TokensFarm

Phaver has launched a new perpetual staking farm on TokensFarm, allowing SOCIAL token holders on Base to earn high APR by staking their tokens. This staking farm is exclusive to the Base version of the SOCIAL token, and all rewards are paid in SOCIAL tokens. 

With perpetual staking farms, tokens are periodically added to the farm during time frames known as epochs, providing a sustained earning opportunity. Users' staked tokens are automatically moved from one epoch to the next, ensuring they continuously earn rewards without interruption.

Epoch Duration: 30 days

Minimum Staking Period: 30 days

Total Rewards: 30M SOCIAL

Phaver’s perpetual staking farm on TokensFarm for SOCIAL token holders is set to launch on November 7, 2024. This initial epoch will run for 30 days with a total of 30,000,000 SOCIAL tokens reserved for rewards. To participate, users must stake their tokens for a minimum of 30 days, and early withdrawal is not permitted before this period ends, ensuring that stakers are committed to the program's duration. Additionally, a 1-day Cool-Down period applies for withdrawals. This cool-down period means participants will need to wait 24 hours after initiating a withdrawal request before receiving their staked tokens and rewards.

Phaver aims to provide an inclusive social networking environment leveraging Web3 technology. The platform is designed to be open and accessible, allowing users to sign up without whitelists or complex processes and even create their first cryptocurrency wallet during signup. Additionally, Phaver’s multi-protocol integration enables users to link their Lens Protocol and Farcaster accounts, bridging their social experiences across Web3 platforms.

Through its perpetual staking farm, Phaver offers SOCIAL holders a sustained way to grow their holdings, reinforcing its mission to be a bridge between traditional social media and the Web3 ecosystem.

How to Stake SOCIAL Tokens in 4 Steps

1 - Navigate to TokensFarm

Visit the TokensFarm website and click on the SOCIAL Perpetual Staking Farm.

2 - Connect Your Wallet

Connect your wallet holding SOCIAL tokens. TokensFarm supports all popular wallets, including Metamask, Ledger, and Trust Wallet.

3 - Select Tokens to Stake

Choose the number of SOCIAL tokens you wish to stake and click the "Stake Now" button.

4 - Sign the Transaction

You will be prompted to sign the transaction in your wallet. 

After signing, your tokens will be successfully staked, earning you rewards in the SOCIAL Perpetual Staking Farm.

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