# Soy Staking V1 (Obsolete)

![](https://3544812733-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FoSB2NnDleulZgp9ZqclW%2Fuploads%2FoHY6ByeJFjQyx3SzXnZo%2FSoy%20Staking.png?alt=media\&token=93871bde-e7cc-4ac3-baf7-7a8cf4a2b6b5)

Soy Finance launches Soy Staking, a simple and safe way to earn passive income while holding SOY tokens. 

> **Sloth Tip**
>
> Don't put all your SOY tokens into staking; some great projects are getting ready for SOY Launchpad. **🦥** 

### The SOY Staking Pool

The SOY staking pool enables the holders to stake the SOY tokens they have purchased, swapped, earned by farming, or participating in an airdrop/referral program.

**Featuring a 36x multiplier, the SOY staking pool is designed to be the most profitable staking pool in the DeFi ecosystem.**

Just freeze your SOY tokens and receive rewards at the end of the staking period. Easy peasy!

{% hint style="info" %}
SOY Staking's APR is subject to constant change due to the fluctuation of pool size.
{% endhint %}

#### Soy Staking Advantages

* Earn rewards with one token.
* No minimum nor maximum amount.
* No risks of impermanent losses.
* Never hacked nor compromised, Cold Staking is safe since 2018!

#### Soy Staking Characteristics

* SOY Staking contract address: [0xeB4511C90F9387De8F8945ABD8C803d5cB275509](https://explorer.callisto.network/address/0xeB4511C90F9387De8F8945ABD8C803d5cB275509/transactions).
* Soy staking pool mulitplier: 36x\*.
* Freezing periods: 27 days and up\*\*.
* The contract does not allow anyone to withdraw staking deposits except the staker who deposited tokens to the contract.

{% hint style="info" %}
\*The multiplier refers to the amount of SOY tokens the staking pool receives per block.
{% endhint %}

{% hint style="info" %}
\*\*As we anticipate deploying Soy V2 staking, we have established a staking end date of October 2, 2022, at 00:00 GMT. 

Therefore, the smart contract will reject any attempt to launch staking ending after that time.
{% endhint %}

#### Soy Staking Rules

* CLO coins are required to pay the transaction fees.
* Stakers only earn interest for completed rounds and the period initially set.
* Staking reward is calculated only for the completed round interval. If a staker withdraws its staking deposit after 30 days, he will receive a reward only for 27 days (a round). 
* Adding funds to an active stake will reset the rewards. It is therefore recommended to add funds at the beginning of a round. 

### Soy Staking Multiplier

Soy staking takes advantage of the ”*multiplier*” concept to maximize the long-term investor's reward. 

The multiplier is proportional to the number of rounds set by the staker. The more rounds, the greater the "multiplier" and the greater the reward.

* The minimum value of the “*multiplier*” is set to “0.5” for 27 days (a round).
* The user can increase the multiplier by selecting more rounds (“0.1” per additional round).
* The maximum value of the multiplier can’t exceed “1”. 

{% hint style="info" %}
The value range of the “multiplier” is between “ 0.5 and 1 ”.
{% endhint %}

Below is a table showing multiplier value according to the number of rounds set by the staker.

![](https://3544812733-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FoSB2NnDleulZgp9ZqclW%2Fuploads%2Fhv2b05GHHhZiIPrmd95i%2FSoy-Multipliers.jpg?alt=media\&token=c8ce340a-697b-4c7d-bea8-45645796d387)

### Soy Staking Formula 

The following formula determines the staking reward:

![](https://lh6.googleusercontent.com/i8lFpM2KjKM9zVlCC7XzACP64towdEu7RAnj2HgcouETGCAIH0T3su3mQqogTZJe0vOhCTYvqIaXY1QLrcnvSLqVIP1_4SnxkxVVhvc_sPYtC6sbiF6WZlix80Fwd--FHBfPD_DL)

Where:

* **StakerWeight** – the weight of staker’s deposit;
* **StakerDeposit** – the amount of staker’s deposit;
* **StakingPeriod** – time interval while deposit is frozen on staking;
* **TotalStakingWeight** – the sum of all stakers weight;
* **StakingRewardPool** – available amount for rewards payment;
* **BaseStakerReward** – the base amount of reward that the staker may receive. StakerMultiplier – in the range \[0.45 – 1], depends on the number of rounds that CLO was staked at the beginning. 
* **StakerReward** – the reward that the staker will receive.

#### About Cold Staking Protocol

Soy Staking is based on Cold Staking, a protocol developed by Callisto Network and launched in 2018. At the time of writing, as much as 50% of CLO's supply is frozen in Cold Staking, which shows how profitable and safe it is.

A detailed description of CLO Cold Staking is available [here](https://callisto.network/cold-staking-v2-protocol-description/).