Coming Soon: PRCL Staking


April 16, 2024

Parcl Limited, in cooperation with Parcl, is excited to announce a PRCL token staking program, which will begin soon. Staking is foundational to align the ecosystem long-term and will underpin each of the core utilities of $PRCL; staking will effectively unlock all participation in the Parcl ecosystem, including governance, existing & future protocol incentives (more details to be outlined next week), and Parcl Labs Data API access.

Here are the important mechanics of staking:

  1. Epochs are a fundamental principle of time for staking. For Parcl, 1 Epoch = 7 days, with the first epoch being announced shortly.
  2. Staking into the contract: when depositing $PRCL tokens into the staking contract, tokens do not get recognized until the start of the next epoch. View this as a warm-up period.
  3. Un-staking: When un-staking tokens, governance power and protocol incentive rights (such as boosts) are lost immediately. A cool-down period initiates, and tokens can be withdrawn after the cool-down period ends.
  4. Cool-down period: The cool-down period is when tokens remain locked before becoming eligible for withdrawal. The cool-down period related to $PRCL tokens will be two epochs. The cool-down period begins at the start of the next epoch after the user un-stakes.
  5. Withdrawing: The ability to withdraw tokens is enabled after the cool-down period is complete.

Further explicit details outlining PRCL staking utility, integrations, and launch timelines will be shared early next week.

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There are risks and uncertainties associated with the PRCL tokens. We encourage you to consult with a financial adviser or investment professional to determine whether or not PRCL tokens make sense for you. Information provided on this website is for educational purposes only and is not tailored for any individual person or network token holder. This website should not be relied upon as financial or investment advice.

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