Staking

The Staking section of the ENO ecosystem introduces users to the concept of staking, a mechanism that allows them to earn passive income by locking their ENO tokens for a specified period. Through staking, users contribute to the stability and growth of the ENO ecosystem while earning rewards in return.

Staking Mechanism: Staking involves locking a certain amount of ENO tokens in the platform for a predetermined period. In return for staking their tokens, users receive rewards in the form of additional ENO tokens. However, it's important to note that due to the limited supply of tokens and the increasing number of participants in the ecosystem, the APY may decrease gradually over time.

Flexibility: One of the key features of the staking mechanism in ENO is its flexibility. Users have the option to stake their tokens at any time, providing liquidity when needed. The calculation of rewards is based on an Annualized Return Rate (APR) model that starts off being particularly attractive to encourage early participation. This initial APR is relatively high to attract users and capital at the beginning of the protocol's launch. However, it's important to note that this rate is not fixed; it adjusts dynamically based on the total volume of ENO tokens in staking. As more users stake their tokens, the reward rate decreases proportionally, reflecting a balance between the incentive for new stakers and the long-term sustainability of the system.

This dynamic adjustment of the APR ensures an equitable and sustainable system, where rewards are distributed more evenly as the ecosystem grows. Moreover, the protocol allows for the flexibility of staking and unstaking ENO tokens at any time, offering users total control over their investments while maintaining a constant flow of liquidity within the ecosystem.

In summary, the staking of ENO tokens is an integral strategy that benefits both the users and the ecosystem as a whole. It provides a robust mechanism for sustained growth, encouraging long-term participation and token retention, while dynamically adjusting to maintain the viability and attractiveness of the reward system as the project evolves.