The Voodoo staking platform is an exciting peer-to-peer decentralized staking platform developed on the PulseChain blockchain by VoodooGroup. This platform is designed to add more utility to the Voodoo Token. When you stake your Voodoo Tokens, you’re not just holding onto them; you earn rewards up to 30% APY! These rewards come in the form of two other tokens in the Voodoo ecosystem: MAGIC and POISON. This means you have some options and flexibility on the platform.
Explore a total of six different pools, each with unique offerings. These pools are designed for various staking periods, giving you the choice to stake for 30, 60, or even 120 days. Each period comes with its own interest rates, which can be as high as 30%, depending on the pool you choose. Whether you’re looking for short-term gains or longer-term investments, there’s something for everyone.
It’s important to know that if you decide to unstake early, 20% of the amount you’ve staked will be burned. This feature is designed to help maintain the deflationary aspect of the Voodoo Token, which helps sustain the token as a good store of value. This means that the more people unstake earlier, the fewer tokens in circulation there will be, and the more valuable everyone’s holdings will become over time.
For anyone interested in learning more about how to use the platform effectively, additional information can be found at: www.voodootoken.com. Here you can find all the details you need to know about the staking platform.