Piku
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    • ⚖️Governance
      • 🟠$sPIKU
      • 🛎️Voting
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On this page
  • Overview
  • How to Stake Piku?
  • How to Unstake sPIKU?
  • Key Features
  • Conclusion
  1. PikuDAO
  2. Governance

$sPIKU

Last updated 1 month ago

Overview

sPIKU is the staked utility token within the Piku ecosystem, representing voting power in PikuDAO. By staking your Piku tokens, you earn sPIKU, allowing you to participate in the decision-making process that shapes the future of the Piku platform. This model fosters a community-driven governance structure, ensuring the interests of USP and Piku token holders.

How to Stake Piku?

To earn sPIKU tokens, users can stake their Piku tokens on Piku’s platform. The staking process is as follows:

  1. Connect Your Wallet: Access the Piku platform and connect your digital wallet.

  2. Stake Piku Tokens: Choose the amount of Piku tokens you wish to stake. The staking ratio is set at 1:1, meaning for every Piku token staked, you will receive one sPIKU token.

  3. Receive sPIKU: Once the staking transaction is confirmed, you will receive an equivalent amount of sPIKU tokens in your wallet.

How to Unstake sPIKU?

Unstaking your Piku tokens is also simple but involves a 30-day cooldown period to ensure governance integrity. Here’s how it works:

  1. Initiate Unstaking: On the platform, navigate to the unstaking section and specify the amount of sPIKU you wish to unstake.

  2. Cooldown Period: After initiating the unstaking process, your sPIKU tokens will enter a 30-day cooldown period during which they cannot be used for voting.

  3. Finalization of Unstaking: Once the cooldown period ends, you can withdraw your Piku tokens back to your wallet.

Key Features

  1. Earning Piku Tokens: sPIKU holders earn Piku tokens as rewards.

  2. Active Participation: By participating in staking and governance, users shape the Piku ecosystem, making it more robust and community-oriented.

  3. Delegation of Voting Power: Users can delegate their sPIKU tokens and their governance voting rights to other community members, and earn Piku rewards for delegation.

Conclusion

sPIKU serves as a vital component of the Piku ecosystem, empowering token holders to influence governance while earning rewards. The combination of staking, delegation, and the ability to earn Piku tokens makes sPIKU a compelling choice for those looking to engage with PikuDAO and to contribute to its growth.

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