Staking with Sorra

The Sorra platform introduces an exciting and innovative staking dApp that offers users the opportunity to earn substantial rewards on their investment passively. With an Annual Percentage Yield (APY) reaching up to 30%, Sorra is designed to reward the loyalty and commitment of stakeholders within our ecosystem.

How Sorra Staking Works

Staking on Sorra is structured to incentivize longer lock-up periods with progressively higher APYs. Users can choose to lock their SOR tokens for periods of 14, 30, or 60 days, with corresponding APYs increasing based on the length of the staking period:

• 7 days: Staking with an APY of 5%

• 30 days: Staking with an APY of 15%

• 60 days: Staking with an APY of 30%

How to Stake Your Tokens

To participate in Sorra staking, follow these simple steps:

• Access the Staking dApp:

  • Visit staking.sorra.io through your mobile wallet browser, or on desktop using your preferred web browser where your wallet is connected.

• Connect Your Wallet:

  • Use a compatible wallet (such as MetaMask or WalletConnect) to connect to the dApp.

• Select the Amount:

  • Decide the amount of SOR tokens you wish to stake.

• Choose the Lock Period:

  • Select the desired lock-up period (14, 30, or 60 days).

• Confirm Staking:

  • Complete the process by first approving the tokens and then clicking on "STAKE" to lock them into the pool and start earning rewards.

Staking Supply

Sorra staking is fueled through a buyback strategy implemented by our team. An initial allocation of 7.5% of the issued tokens will be set aside to support staking, ensuring that the platform is well-capitalized to provide rewards. The buyback acts as a mechanism to support the token value and ensure the long-term sustainability of the staking program.

Calculating APY

To calculate the daily return percentage on one's investment through the chosen APY, we must follow the following very basic formula. Rewards = APY(%)/364