Wise Token
  • Wise Token Docs
  • WISE (Ethereum)
    • Introduction
      • Purpose
      • WiseSoft, LLC
      • Motivations and Principles
    • WISE Contract Functionality
      • General Properties
        • Token Supply
      • Liquidity Transformer Epoch
        • Token Reservation
        • Daily LT Supply Schedule
        • Reservation Referrals
        • Referrer Bonuses
      • Circulation Epoch
        • Uniswap Provision
        • Wise Team Reimbursement
        • Minting Tokens
        • Supply Inflation
        • Staking
          • Opening Stakes
          • Shares and Interest
          • Scraping Stake Interest
          • Closing Stakes
          • Stake Referrals
        • Liquidity Provider Staking
      • ERC-20 Functionality
    • Wise Website
      • Referral Links
    • Conclusion
    • Acknowledgements
    • Availability
    • Appendicies
      • Terminology
      • Coding Standards
      • Source Code Audit
    • References
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  1. WISE (Ethereum)
  2. WISE Contract Functionality
  3. Circulation Epoch

Staking

The WISE contract allows users to stake their WISE, locking it up for a period of days, in order to earn interest. This is the primary function of the contract during the Circulation Epoch.

Users may open as many stakes as they like. After a stake reaches full maturity, the user may close it at any time to receive their full principal, plus interest, without penalty.

Unlike some other stakeable tokens, WISE never penalizes a mature stake, no matter how late it is eventually closed. This allows users much more flexibility, especially for taxable income purposes. Also, should a user pass away before being able to close their stakes in a timely fashion, the WISE contract thus remains in compliance with estate laws of various jurisdictions that make it illegal to penalize the assets of a deceased person.

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Last updated 3 years ago

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