to renew your fix-term position, to initiate a new lock or convert your staking position to flexible before it starts. Otherwise all the rewards will be burned within the next 90 days ——————— Can someone explain this to me in simple terms. I locked my stake until 31,Aug 2023.... Does that mean if i choose to claim rewards i only have until Sep 7th 2023 otherwise my rewards will be burnt?
There is a weekly token burn every Monday/Tuesday (NO SPECIFIC TIME). Read about the emission rate and deflationary mechanics here: CAKE Tokenomics
There are 2 option u must do after your lock duration is over, renew your lock staking or restake in flexible which u can then unstake if u want to. You must pick one options coz if not, then your profit will gradually shrink until you renew stake or convert to flexible staking
Do you have to do this on 7th sept or when the stake is due to be finished next year?
You can get cake back at 31. Aug.2023. Or renew
you have 7 days to complete one of two options:
What about just take it out of any stake and HODL in your wallet ?
u can , first convert to flexible, then unstake,
It’s something easy
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