How to exchange the BFG Token StBFG?
How to exchange the BFG Token StBFG?
stBFG staking is a game-changing feature aimed at rewarding our loyal BFG holders like never before. By converting BFG to stBFG users unlock the opportunity to receive x2 rewards in the staking pool compared to holding BFG alone.
Even though this conversion process does not include any fees, it entails a lockup period of one year for the BFG tokens. During this lockup period conversion of stBFG to BFG at 1:1 ratio will be unavailable. In the event of an early redemption before the lockup period expires, users will incur a penalty fee of 50%.
stBFG maintains almost identical utilities as BFG. This means that users can continue to enjoy the same functionalities and benefits they are accustomed to with the stBFG token at the same time reaping double staking rewards.
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