Staking on Ethereum and Polygon ( 3 scenarios) Until 03/05/2022
• STAK / jSTAK = tokens on Ethereum
• pSTAK / pJSTAK = tokens on Polygon
Following this integration, both Ethereum and Polygon will remain available to users who want to utilize either or both options. In addition, users will enjoy the automatic transfer of their Longevity Factor to Polygon. This transfer is possible through a Stakbank implemented system that allows the platform to read users’ Ethereum LF and rewrite it on Polygon.
A. ETHEREUM -> POLYGON
While users staking STAK on Ethereum can receive jSTAK for interest and governance, the Polygon network requires staking pSTAK for pJSTAK. People who want to move STAK from Ethereum to Polygon should follow these steps:
Unstake STAK on Ethereum
Bridge STAK to pSTAK
Stake pSTAK (The system will automatically transfer Longevity Factor)
Receive pSTAK and pJSTAK rewards
B. ETHEREUM and POLYGON
The following steps are for stakers already staking STAK on Ethereum and want to stake on both Ethereum and Polygon:
Bridge your desired amount of STAK to pSTAK or purchase pSTAK on Polygon
Stake pSTAK (Automatic LF transfer also happens where applicable)
Receive pSTAK, pJSTAK, STAK, or jSTAK rewards
C. NEW STAKING ON POLYGON
Finally, users who are not staking on Ethereum and want to stake on Polygon should:
bridge STAK from Ethereum →Polygon
Stake pSTAK
Start Longevity Factor build-up from scratch
Receive pSTAK and pJSTAK rewards by the second month
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