🤑Staking & Rewards

Staking & Rewards FAQ

Q: What am I staking my CLAIM tokens for? A:

• You're staking to support the claims pool, which pays out insurance claims

• Staking helps secure the network and validate insurance claims

• Your stake gives you voting rights in the CLAIM DAO governance

• Staking contributes to the overall stability and liquidity of the CLAIM ecosystem

Q: How does staking benefit the CLAIM insurance system? A:

• Staking provides liquidity for the claims pool, ensuring funds are available for payouts

• It incentivizes long-term holding, which helps stabilize the token price

• Staked tokens are used in the governance process to vote on claims and policy changes

• The staking mechanism aligns token holders' interests with the success of the insurance platform

Q: Are there different staking pools, and how do they differ? A:

• There's a main staking pool for the claims fund, which offers the highest rewards

• A governance staking pool is available for those who want to participate more actively in DAO decisions

• Liquidity provider (LP) staking is offered for those who provide trading liquidity on decentralized exchanges

• Each pool has different reward structures and responsibilities within the clAIm ecosystem