What is DefiCliq (CLIQ) | What is CLIQ token

General Overview

CLIQ Staking can be likened to a savings account — it offers constant time-based returns based on staking time. In other words, the _longer you stake, the higher the rewards. That may seem basic, but CLIQ _Staking unique in many ways.

First, it is _pool based. _Meaning it is a group activity with multiple contributors for each staking contract.

Second, it is _flexible. _Meaning you have the option to _withdraw early, _stake until full maturity, or withdraw somewhere in between. But be warned: leaving early comes at a cost.

Finally, it is _strategic. _Meaning if you stake until full maturity, and others in your pool withdraw early, you will receive a portion of their rewards.

There will be 2 staking pools: Gold (shortest) and Diamond (longest). The terms of each staking pool (rewards, lengths, minimum contribution, etc.) are detailed below.

We will publish a full “how-to stake” guide in the coming days, but overall it is very simple. Just connect your ERC-20 wallet to the contract, deposit your CLIQ into the pool, stake until you wish to withdraw, and then withdraw to have your principal and rewards sent back to your wallet. Easy!

Requirements for Staking

Here are the requirements to be aware of.

**Metamask: CLIQ **Staking requires the ERC-20 wallet extension Metamask, which will automatically link to our staking contracts. This is the wallet you will contribute from and where rewards will be distributed upon withdrawal.

For assistance on setting up a Metamask, please contact a CLIQ team member or the Metamask team directly.

Keywords and Unique Features

CLIQ Staking has some unique features such as early withdrawal, forfeited/redistributed rewards, and additional rewards for full maturity.

Limited Time to Contribute

Once the staking pools are opened, you will be given a limited amount of time to contribute. After the time expires OR the contract is full, contributions will close forever. A progress bar will show how much the contract has been filled at any given time.

Image for post

Progress Bar

Full Maturity

Stake until full maturity to receive maximum rewards. Maturity will have a date and time assigned at which time full rewards will be available for withdrawal, so you will know exactly when you can withdraw to receive the maximum rewards.

In addition, if you stake until full maturity, you will likely receive additional rewards from those who withdrew early.

Early Withdrawal

CLIQ Staking offers an early withdrawal option for flexibility. Early withdrawal will have a date and time assigned so you will know exactly when you can withdraw early.

Although rewards are lower for early withdrawal, they increase linearly every day — past the early withdrawal date right up until full maturity.

In other words, if you withdraw after the early withdraw date and closer to full maturity, rewards will be higher, but still less than full maturity.

Forfeited and Redistributed Rewards

CLIQ Staking pools are like a pie. The project will place a predetermined amount CLIQ into each pool prior to launch and this number will not change. If stakers leave early, the pie does not shrink, they’ll just receive less, while the proportions of the remaining stakers will increase.

Therefore, the longest stakers will earn more than just the maximum APR, they will also earn a share of rewards left behind by those who stopped staking.

In this sense, CLIQ Staking offers an element of strategy, suspense and gamification.