Hi whoever… I staked about half of my Safex Tokens…a good few plus years ago now. Staking hasn’t produced any benefit to me. I cant even remember what the reward system was back then for staking but as said it seems to have just sat in limbo with no benefits.
From what I read leaving as is will help Safex in general? Or is it advisable to retrieve them?
Happy to leave them as is but thought I better, for myself, clarify that they are safe where they are at.
Thanks
If your SFT were staked more that 500000 blocks (about 1.9 yrs) ago, then they will no longer be eligible for the share of marketplace 5% fee from marketplace sales AFTER that period - you will need to unstake and restake them if you want to continue being eligible for future marketplace sales commission share.
As to your comment that you didn’t see much return - the Safex Market aka TWM pilot program (~2021-ish) did provide some rev share to staked SFT, but when the pilot programme ceased, obviously the marketplace sales and corresponding rev share also stopped. There was a couple of small sales on the subsequent Safex Big Box Store market iirc, but that rev share was minimal.
But nothing has changed with the underlying mechanics of the system - rev share returns to staked SFT is wholly dependent on marketplace sales of real products/sevices. That has always been, and continues to be, the goal - a vibrant Safex marketplace.
Thanks for that. So from what you are saying I should unstake them now and then restake them?
(edit) scrape that.. I read through to fast. I will restake them.
I am currently using the online wallet, safex-org
I just had a good look over it and there doesn’t appear to be the ability to unstake the Safex Tokens.
Any advise?
Thanks
Use the old TWM Wallet or cli wallet. The Staking function has yet to be implemented in the quickly developing Safex.org page.