Wigo Ecosystem
  • โ™พ๏ธWigo Ecosystem
    • ๐ŸŒOverview
    • ๐Ÿ“„Whitepaper V2
    • ๐ŸŒช๏ธMission & Vision
    • ๐ŸงฉThe Ecosystem
    • ๐Ÿช™WIGO Token
      • โ›๏ธTokenomics
      • ๐ŸŽRewards Distribution
  • ๐ŸชGALAXY
    • ๐ŸŒŒOverview
    • ๐ŸŽฎGalaxy Mechanics
    • ๐Ÿ•น๏ธQuest Types and Structures
    • ๐Ÿ†Rewards and Incentives
    • ๐ŸšฉGalaxy ID
    • ๐ŸŽจUser Experience and Interface
  • WigoSwap - The DeFi
    • ๐ŸฆOverview
      • ๐Ÿ”Secure & Sustainable
    • ๐Ÿ”ฅGalaxy Burn Module (GBM)
    • ๐ŸŒ‰WigoBridge: Go Beyond
    • ๐ŸŽฒWigoQuest: Play and Earn
    • โšกDeFi Products
      • โ†”๏ธSwap
        • How to Swap Fantom Tokens
      • ๐Ÿ’ฐLiquidity Pools
        • How to Add/Remove Liquidity
      • ๐Ÿ‘จโ€๐ŸŒพYield Farming
        • How to Use WigoFarm
        • How to Use WigoFarm with FTMScan
      • ๐ŸฆStaking WIGO
        • How to Stake in WigoBank
        • Automatic vs. Standard
        • WigoBank FAQ & Troubleshooting
  • WIGOPLAY
    • ๐ŸŽฎOverview
    • ๐Ÿง™Predict Game
      • How to use Predict
      • Predict FAQ
    • ๐ŸŽฒThe Raffle ๐Ÿ› 
  • Bazaar
    • ๐Ÿ–ผ๏ธOverview
    • ๐Ÿง™โ€โ™‚๏ธWiggies and Rare Wiggies
  • Developments
    • ๐Ÿ”—WiLink ๐Ÿ› 
    • ๐Ÿ‘ทDeTasker ๐Ÿ› 
    • ๐Ÿ’ฐWigoRun ๐Ÿ› 
    • ๐Ÿ‘ปWiHee ๐Ÿ› 
  • Extras
    • ๐ŸšฆEducation Hub
      • Create a Fantom Wallet
      • How to stake FTM
      • Get FRC20 Tokens
      • Connect Your Wallet to WigoSwap
      • Troubleshoot
      • General FAQ
      • Fix Pending Transactions
      • Risks
    • ๐Ÿ’ฌCommunity
    • โฌBrand & Logos
    • ๐Ÿ“”WigoSwap Contracts
    • ๐Ÿ”—Token Addresses
Powered by GitBook
On this page
  • Canโ€™t find the WigoBank pool in which I have staked my tokens;
  • Canโ€™t unstake the tokens I have staked in the WigoBank;
  • The amount of tokens Iโ€™ve earned is shown as zero after staking/unstaking;
  • General Issues
  • The calculation of APR in WigoBank;
  • The meaning of โ€˜Endโ€™ number in WigoBank;
  • The source of WigoBank rewards;
  • WigoBank (xWIGO) Token
  1. WigoSwap - The DeFi
  2. DeFi Products
  3. Staking WIGO

WigoBank FAQ & Troubleshooting

PreviousAutomatic vs. StandardNextOverview

Last updated 3 years ago

Canโ€™t find the WigoBank pool in which I have staked my tokens;

Using the Finished tab on the page, you must be able to find the specific pool you are looking for. Moreover, you can use the Staked Only button to find your staked tokens more conveniently.

Canโ€™t unstake the tokens I have staked in the WigoBank;

This problem could be due the transferring of WigoBank (xWIGO) tokens in your wallet. This token proves that you own the WIGO tokens if you are using the standard staking method in WigoBank. Please double-check that you have not sold or transfer the above-mentioned tokens.

The amount of tokens Iโ€™ve earned is shown as zero after staking/unstaking;

As you stake/unstake your assets to or from WigoBank, the rewards youโ€™ve earned are also sent to your wallet simultaneously. So do not panic if you are faced with such a situation.

General Issues

The calculation of APR in WigoBank;

WigoBank APR = Annualized rewards (USD)/Usersโ€™ funds staked in the WigoBank pool (USD) * 100

For instance, consider a 60-day pool within which the rewards are worth 300,000 USD, and the value of WIGO staked in the pool amounts to 3,000,000. Note that factors such as the price of WIGO and also the reward token, alongside the amount of WIGO staked lead to fluctuations in the APR.

Calculation
Amount

Total rewards to distribute (USD value)

300,000 USD

Distribution period

60 Days

Daily distribution

300,000 / 60 =

5,000 USD Daily

Annualized rewards (USD value)

5,000 * 365 =

1,825,000 USD

Value of WIGO staked by users in pool (USD value)

3,000,000 USD

APR

(1,825,000 / 3,000,000) * 100 =

60.83% APR

The meaning of โ€˜Endโ€™ number in WigoBank;

This number indicates the remaining time until there are no more rewards for distribution in the bank. Therefore, you should consider unstaking your tokens from the bank once the bank reaches the specific time.

The source of WigoBank rewards;

The pools on WigoBank are categorized as follows:

1. Stake WIGO to earn WIGO

2. Stake WIGO to earn other tokens

In the second type, the teams behind the projects that sponsor certain pools are responsible for the distribution of rewards.

WigoBank (xWIGO) Token

By staking manually in WigoBank using the Standard Staking method, WigoBank (xWIGO) Tokens are deposited into your wallet. These tokens act as the proof of ownership of WIGO tokens youโ€™ve staked in the WigoBank. Therefore, upon unstaking your WIGO tokens from the WigoBank, WigoBank (xWIGO) tokens are also automatically returned.

Be careful not to sell or transfer your WigoBank (xWIGO) tokens. In case you are using the Standard Staking method in WigoBank, and you decide to unstake your WIGO tokens, you should exactly return as many WigoBank (xWIGO) tokens as the WIGO tokens you want to unstake.

In the first type, the rewards are generated from . A number of WIGO tokens are distributed as rewards for the WigoBank every second.

โšก
๐Ÿฆ
WigoBank
WIGO emissions