<aside> 💡 This page introduces WNCG Staking that is integrated with Balancer on Ethereum mainnet. For BNB Smart Chain version, please find in the main page.

</aside>

Table of Contents

WNCG Staking on Ethereum

WNCG Staking on Ethereum rewards the liquidity providers of WNCG-WETH 80:20 pool on Balancer. Several mechanisms are adopted to make the incentive efficient.

veBAL and BAL reward

Balancer has veToken model that veBAL holders decide which liquidity pool will get the BAL token emissions. Nine Chronicles team holds veBAL to vote for the WNCG-WETH pool until this liquidity incentive campaign continues. Therefore, stakers on WNCG Staking receives BAL reward as well as WNCG rewards.

Furthermore, the boost is delegated to the WNCG staking contract to boost BAL reward for the stakers. This mechanism gives liquidity providers additional BAL rewards which making the reward mechanism more efficient.

Less Impermanent loss

The incentivized pool is a 80:20 weighted pool. Impermanent loss is smaller for 80:20 pool compared to 50:50 pool, which is more similar to single-side staking.

Cooldown period

Deposited LP tokens are needed to be cooled down to withdraw, like the stake modules of Aave. This aligns the incentives with the community, by distributing the rewards only to the stakers that bear with the cooldown period.

🐾How to use

Stake

1. Visit WNCG Staking page (https://stake.nine-chronicles.com/wncg) and select Ethereum in the wallet connection.
2. Provide liquidity for the WNCG-WETH 80:20 pool on Balancer using Join pool button on WNCG Staking page. You can also do the same thing on Balancer website.
3. Stake the LP token(20WETH-80WNCG). If you joined the pool (provided liquidity) on WNCG Staking page, you will see Stake button after joining the pool.
4. You can claim WNCG and BAL rewards anytime you want.

Withdraw

1. If you want to unstake, you should activate the cooldown timer first. Cooldown takes 2 weeks.