Stake ACE

Think of Catalist as a family of open-source tools that work on the blockchain networks. It lets users create utility tokens that earn rewards from blockchain data validation activities. Plus, these tokens can be used for various activities on the blockchain.

Although each network has its own quirks, Catalist typically groups user tokens to stake with validators and sends these staking batches to the network's staking contracts. By staking, users get bTokens, which reflect the amount they staked, and earn rewards. Unstaking involves burning the bToken, which starts the process of withdrawing both the staked amount and any rewards earned.

The APR for staking ACE through Catalist is calculated as the Protocol APR minus a 10% fee for protocol use. The Protocol APR is the average rewards received by Catalist validators from the ACE blockchain, calculated over the last week.

Catalist takes a 10% cut from the staking rewards as a fee, leaving you with 90% of the rewards. This fee helps maintain and improve the Catalist platform.

bACE is a special token you get when you stake ACE via Catalist. It represents your share of the total staked ACE and adjusts daily to reflect any earnings or changes, making it super easy to keep track of your stake.

Getting bACE is easy! You can earn it through different activities, including directly interacting with the Catalist smart contract.

Your bACE can be used in several ways, like as collateral for loans, for lending, and more.

To unstake your bACE, head over to our Unstake Request and Claim sections. Exchanging bACE back to ACE usually takes between 1-5 days. After that, you can claim your ACE through the Claim section. You can also trade your bACE on DEXes that support Catalist.