The phase zero beta test of the staking protocol aims to reward SWTH stakers with higher reward yields. The first month of the staking pool will net users a 7.3% return, whereas rewards for the third month will decrease to 5.3%.
In its announcement, Switcheo included a step-by-step guide to staking SWTH.
The Switcheo TradeHub is an open-source, delegated Proof of Stake (dPoS) order matching engine built on top of the Tendermint Core byzantine fault tolerant (BFT) consensus mechanism. Switcheo claims TradeHub will be able to handle more than 1,000 transactions per second and a peak load of 10,000 TPS.
Users will be able to earn interest by contributing to the public liquidity pool, which will also offer a native automated market maker (AMM) for each digital asset market. The AMM model allows users to stake tokens into liquidity pools for spot trading, similar to the Uniswap protocol on the Ethereum blockchain.
Further, contributors to liquidity pools will share maker rebates, and profits from the bid-ask spreads.
Switcheo has previously noted that it anticipates the minimum staking amount will be 10,000 SWTH tokens.
The full article and staking guide can be found at the link below:https://blog.switcheo.network/the-preemptive-guide-to-staking-swth/