Arable Protocol is a Cosmos-based interoperable blockchain protocol that has been built to provide a gateway to DeFi for traditional financiers from different segments of economics, enabling cutting-edge financial products for that purpose, driven by native token ACRE.
What is ACRE?
The ACRE token is primarily a governance token for the Arable Protocol chain. ACRE holders can stake their ACRE tokens on the mainnet to passively earn more ACRE, delegating them to a trustworthy validator. ACRE has been tradable since February, 2022 and can be purchased on markets that are indicated at Coingecko.
Where to buy ACRE?
Decentralized Exchanges (DEX):
(1) Osmosis.zone on the OSMO Network,
(2) Uniswap.org on the ETH Network,
(3) Pangolin.exchange on the AVAX Network,
(4) Diffusion.fi on the EVMOS Network,
(5) Quickswap.exchange on the MATIC Network,
Centralized Exchanges (CEX):
Over the Counter (OTC):
Contact us or contact the Arable team directly.
How to delegate and stake ACRE?
Staking guide for Arable Protocol
Stake your ACRE tokens by following these few steps with your wallet of choice:
Using Metamask wallet
- Install Metamask with Acrechain Network.Network Name: Arable Mainnet RPC URL: https://mainnet-acre-evm.konsortech.xyz Chain ID: 9052 Symbol: ACRE
- Connect your Metamask wallet on https://app.arable.finance/#/delegation.
- Navigated to the top bar and clicking “Delegate” and find BlockFarms on the list.
- Click on “Delegate”, specify the amount, and follow the prompts. While there is no need/obligation to put a memo unless you wish to. Similarly, you can claim rewards, undelegate, send or receive tokens at this same page.
Using the Keplr wallet
- Install Keplr wallet with the Acrechain Network.
- Transfer ACRE to your wallet on the Acrechain Network.
- Go to our node on cosmosrun.info.
- Click “delegate”.
- Enter the amount you want to delegate. Remember to keep some ACRE available to pay for transaction fees.
- Click “delegate” and then click “approve” to approve the transaction.
- View your rewards in real time on your cosmosrun.info wallet address dashboard. Similarly, you can claim rewards, undelegate, send or receive tokens at this same page.
What is the APY %?
Staking rewards are distributed every block. As of writing, the APY is ~55% (considering the current commission rate of 5%).
What is the unbonding period?
Unstaking/unbonding your ACRE tokens will take 21 days. You will not earn any staking rewards during the unstaking process and it is not possible to cancel it. Therefore, make sure you did intend to unstake it.
When will I receive my first staking rewards
After your delegation is completed you will get payouts for every block (~6sec).If you have delegated with the autocompound restake tool, your rewards are automatically compounded. All rewards become available after their withdrawal, which is instantaneous.