How to Stake GOOB: A Complete Step-by-Step Guide 💎

Staking GOOB is one of the easiest ways to earn passive rewards on your tokens. This guide will walk you through the entire process, from connecting your wallet to claiming your rewards.

What is Staking?

Staking GOOB means locking your tokens for a specific period in exchange for rewards. The longer you lock your tokens, the higher your rewards. It's a simple way to earn passive income while supporting the GOOB ecosystem.

Staking Tiers Explained

GOOB offers three staking tiers, each with different lock periods and APY rates:

Tier 1: 30-Day Lock

• Lock Period: 30 days
• APY: Base rate
• Best For: Short-term holders who want flexibility

Tier 2: 60-Day Lock

• Lock Period: 60 days
• APY: Higher than 30-day tier
• Best For: Medium-term holders seeking better returns

Tier 3: 90-Day Lock

• Lock Period: 90 days
• APY: Maximum rewards
• Best For: Long-term holders committed to GOOB

Note: NFT holders receive an additional 5% bonus on all staking tiers!

Step-by-Step Staking Guide

Step 1: Connect Your Wallet

1. Visit goobcoin.com/staking
2. Click "Connect Wallet" in the top right
3. Select your wallet provider:
   • MetaMask
   • WalletConnect
   • Trust Wallet
   • Other supported wallets
4. Approve the connection request

Step 2: Ensure You Have GOOB Tokens

Before staking, make sure you have GOOB tokens in your wallet:

• Buy GOOB: Use our buy widget or PancakeSwap
• Bridge GOOB: If you have GOOB on another chain, use our cross-chain bridge
• Check Balance: Your GOOB balance will be displayed after connecting your wallet

Step 3: Choose Your Staking Tier

1. Review the three staking tiers and their APY rates
2. Consider your investment timeline:
   • Need flexibility? Choose 30-day tier
   • Want better returns? Choose 60 or 90-day tier
3. Click on your preferred tier

Step 4: Enter Stake Amount

1. Enter the amount of GOOB you want to stake
2. You can stake any amount (no minimum required)
3. Review the estimated rewards:
   • Your APY rate will be displayed
   • Estimated rewards will be calculated automatically
4. Click "Stake" button

Step 5: Approve Transaction

1. Your wallet will prompt you to approve the transaction
2. Review the transaction details:
   • Amount to stake
   • Lock period
   • Gas fees
3. Click "Confirm" in your wallet
4. Wait for transaction confirmation (usually 1-3 seconds on BNB Chain)

Step 6: Confirm Your Stake

Once the transaction is confirmed:

1. Your staked tokens will appear in "Active Stakes"
2. You'll see:
   • Staked amount
   • Lock period end date
   • Estimated rewards
   • Current APY

Managing Your Stakes

Viewing Active Stakes

• All your active stakes are displayed on the staking page
• You can see:
  • Stake ID
  • Amount staked
  • Start date
  • End date (unlock date)
  • Rewards earned
  • Status (locked/unlocked)

Claiming Rewards

Rewards are calculated continuously and can be claimed:

1. During Lock Period: You can claim rewards without unstaking
2. After Lock Period: You can claim rewards and unstake your tokens
3. Click "Claim Rewards" to withdraw your earned GOOB

Unstaking Your Tokens

Important: You cannot unstake before the lock period ends.

Once your lock period is complete:

1. Find your stake in "Active Stakes"
2. Click "Unstake"
3. Approve the transaction in your wallet
4. Your tokens and rewards will be returned to your wallet

Early Withdrawal (Not Recommended)

If you need to unstake early:

• Penalty: You'll pay an early withdrawal penalty
• Lost Rewards: You may forfeit some or all rewards
• Recommendation: Only unstake early in emergencies

Maximizing Your Staking Rewards

Tips for Better Returns

1. Choose Longer Lock Periods: Higher APY for 90-day stakes
2. Hold Goob NFTs: Get 5% bonus on all staking tiers
3. Compound Rewards: Claim and restake your rewards regularly
4. Stake Multiple Times: Create multiple stakes for flexibility
5. Stay Informed: Follow updates for special staking events

NFT Bonus Explained

If you hold Goob NFTs:

• Bonus: +5% APY on all staking tiers
• How It Works: The bonus is automatically applied
• Multiple NFTs: Holding multiple NFTs doesn't stack the bonus
• Check Eligibility: Your NFT bonus status is shown on the staking page

Understanding APY

APY (Annual Percentage Yield) represents your annual return:

• 30-Day Tier: Lower APY, more flexibility
• 60-Day Tier: Moderate APY, balanced approach
• 90-Day Tier: Highest APY, maximum returns

Example: If you stake 10,000 GOOB at 20% APY for 90 days:

• Annual return: 2,000 GOOB
• 90-day return: ~493 GOOB (20% × 90/365)

Common Questions

Can I stake multiple times?

Yes! You can create multiple stakes with different lock periods and amounts.

What happens if I forget to unstake?

Your tokens remain staked and continue earning rewards. You can unstake anytime after the lock period ends.

Are staking rewards taxable?

Tax implications vary by jurisdiction. Consult a tax professional for advice.

Can I transfer staked tokens?

No. Staked tokens are locked in the contract until the lock period ends.

What if the contract is paused?

If staking is paused (rare, for security), you cannot create new stakes, but existing stakes continue earning rewards.

Security Tips

1. Verify Contract Address: Always use the official staking page
2. Double-Check URLs: Ensure you're on goobcoin.com
3. Never Share Seed Phrase: The team will never ask for your seed phrase
4. Start Small: Test with a small amount first
5. Monitor Transactions: Check your stakes regularly

Need Help?

• Documentation: Check our features page
• Community: Join our Twitter for updates
• Support: Reach out to our community moderators

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Ready to start staking? Visit goobcoin.com/staking and start earning rewards today! 🚀