We have created another use case for your iPEFI that rewards long-term holders and will also attract new penguins to the nest.
Now you’ll be able to earn new tokens from popular Avalanche projects by simply staking your iPEFI in the Club
What is Club Penguin?
Club Penguin is a single-asset iPEFI staking protocol; think of it as stake-ception. You can stake your iPEFI in different contracts to earn tokens from your favorite projects native to Avalanche. We will be providing plenty of options for everyone to choose from.
No iPEFI lockup period - stake and unstake as you please
No withdrawal fees
No risk of impermanent loss
It may sound too good to be true but yes, you are reading all this correctly - there are zero downsides to Club Penguin!
What is an Iceberg?
Each project we partner with will have its own Iceberg, which represents a smart contract that users stake their iPEFI in to earn free tokens.
Since the ratio of iPEFI is growing, every iPEFI token increases in value even when staked in a smart contract.
How long does each Iceberg last?
Since Icebergs melt, they will each have a limited staking time. This will vary from 7-14 days depending on each Iceberg.
A countdown will be displayed to show you how long is left for each Iceberg.