Wallet
Staking

Stakbank primarily is the tool that will enable governance of the entire Jigstack ecosystem. In addition, Stakbank is the DeFi staking solution for Jigstack’s native token, STAK. Thanks to Stakbank, token holders staking their STAK will be able to participate in decisions and will receive revenue dividends generated by all products under the Jigstack DAO umbrella. Use Stakbank to sit at the decision-making table.

At Jigstack, we want to develop an ecosystem of DeFi products to create a worldwide community of financially free individuals! The only way to achieve this is to build a solid foundation by creating the second piece of the puzzle: Stakbank. Each product under the Jisgstack DAO umbrella will generate rewards for all stakers on Stakbank.

Any $STAK holders/stakers who shares our long-term vision should have all the benefits of Jigstack clear in their mind:

• Initial rewards upon launch of Stakbank
• Additional rewards from tokenomics to be integrated (if needed)
• Stake on Stakbank and receive jSTAK for exclusive benefits across the entire Jigstack ecosystem
• 80% of Jigstack ecosystem fees (+20% burned🔥)
• Lemonade token distribution (Crops section)
• And other benefits that will be developed for each product.

STAK holders will be able to get rewards from the whole Jigstack’s ecosystem thanks to Stakbank. Invest in seed, private and public sale in new amazing projects on Lemonade, collect fantastic NFT’s in The Gallery, spread the word to millions of users thanks to the affiliate marketing solution Ethlink. This can all be accessible through the Jigstack Wallet while utilizing the privacy of Milkshake, making it quick and easy to invite anyone in the crypto world thanks to Santa.

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Staking, from a user’s perspective, is essentially earning an interest return on a cryptocurrency. The interest generation is sourced from a variety of different areas depending on the staking solution in question. Interest returns can vary from (1% APY to, some even reaching), 2000% APY at times. The reason for the massive differences in staking returns is due specifically to the staking protocol, the type of rewards, and the number of rewards that are offered to its stakers.

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In order to interact with Stakbank, you must connect to a browser wallet (Metamask). Once logged in with your wallet where you hold STAK, you have to move to the “Pools” section of the Stakbank website. The next step, after arriving to the “Pools” section, is to allow Stakbank to use your STAK to perform the staking transaction. Once the transaction is done, you will be able to stake your STAK. From the moment you stake your STAK, you will begin to receive rewards based on your current APY.

NOTE: Always remember to sign your transactions!

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As STAK, basically the standard ERC20 smart contract has an “approve()” function that allows ‘approved’ addresses to transfer those ERC20 tokens on your behalf.
When you want to use your STAK ERC20 token this has to be done so that the smart contract can execute the transaction instead of you directly sending the tokens. This transaction occurs only once on the first interaction.

Thanks to the Stakbank pool you will be able to use your STAK on the platform. As a user of Stakbank, you can stake/unstake STAK tokens to the staking pool. You will receive rewards paid in STAK that are calculated based on the APY. You can compound your rewards into the current staking STAK. In general, a user compounds their current rewards to increase their current staking STAK to earn more incentives.

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The Stakbank has a farm section where you can access functionalities for:

• LP Staking
• LP Unstaking
• LP Harvesting  - STAK as a reward

There is a button on the Farm page that will send users to the STAK/ETH liquidity pool on Uniswap where they can deposit STAK/ETH to generate LP tokens. These LP tokens are used to stake in the Farm tab within Stakbank to earn STAK rewards.

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All Lemonade raises take a 1% fee over token distribution to give back to the Jigstack community. This is done via the Crops feature in Stakbank! There, users can deposit a STAK token seed of any amount and reserve a spot in the distribution. Keep an eye as seats are counted and enjoy being part of the ecosystem.

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Multipliers are paid in a synthetic token called JSTAK that can be used across the Jigstack ecosystem instead of affecting the yield directly. This simplifies a good portion of the smart contract functionalities, giving us more control without sacrificing decentralization to users. This is a modified mintable ERC20 token that has a whitelist of addresses that can transact it. Essentially, users can only use the token on addresses we as owners choose to whitelist. Only Jigstack smart contracts and users can use JSTACK on them. Bonuses are calculated the exact same way rewards are calculated, but with a multiplier:

• 0–1 month: (no reward)
• 2 months: 1.1x
• 3 months: 1.2x
• 4 months: 1.3x
• 5 months: 1.4x
• 6 months: 1.5x
• 7 months: 1.6x
• 8 months: 1.7x
• 9 months: 1.8x
• 10 months: 1.9x
• 11 months: 2x

Once users claim their bonuses, their multiplier is reset. This is a separate process from claiming yield rewards.

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Longevity rewards are applicable to JSTAK bonuses.

• 0 month: (no reward)
• 1 month: 1
• 2 months: 1.1
• 3 months: 1.2
• 4 months: 1.3
• 5 months: 1.4
• 6 months: 1.5
• 7 months: 1.6
• 8 months: 1.7
• 9 months: 1.8
• 10 months: 1.9
• 11 months: 2
• 12th month: end of first incentives period.

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