One of the benefits of staking BSR is earning stake rewards. Daily reward is earned based on the Annual Percentage Yield (APY) depending on your tier level. Equivalent APY per tier level are as follows:
- Tier 1 = 1%
- Tier 2 = 2%
- Tier 3 = 4%
- Tier 4 = 6%
- Tier 5 = 8%
- Tier 6 = 10%
- Tier 7 = 12%
- Tier 8 = 15%
Reward Calculator is available from Pool screen. Enter the BSR amount and it will automatically display the daily reward based on the APY of the corresponding tier level of the entered amount.
Early Reward Withdrawal Tax
Withdrawal of rewards is now charged with 30% tax. The withdrawal tax fee decreases by 1% per day if the reward is not claimed. When rewards are claimed, the early reward withdrawal tax will be reset.
Claiming of Rewards
1. Rewards can be claimed at the earliest every after 24 hours from the last claim time. A countdown timer will be displayed giving the time left until the rewards can be claimed.Click CLAIM REWARDS button once the countdown is finished.
2. Metamask (or any wallet attached to BinStarter App) confirmation popup will be displayed to approve the transaction. Review the transaction that you are about to make and click Confirm button if everything is in order.
3. After the successful transfer, the countdown timer will reset to 24 hours and the tax to 30%.
4. Verify the receipt of the claimed BSR tokens from https://bscscan.com/.