Staking the $HALO token: Why to stake, how to stake!

Thanks to the interest in $HALO approximately $4.4M was raised for the ongoing development of Angel Protocol and an incredible $1.16M for charity with less than 50% of our allocated token sale supply. The remaining will be used for protocol owned liquidity / bonds as well as our previously announced Pylon Pool. This pool will round out development funding, but primarily serve as a charitable fundraiser for the AP Endowment.

So, the core team is now almost fully funded with 2 years of runway. This allows us to scale up our developer team, Angel Ambassadors, and partnership efforts as we continue to create innovative financial solutions for as many charities as possible. All $HALO holders contributed to Angel’s very bright future. We are so excited to have you a part of this team!

$HALO staking

The $HALO you acquire — either already, in the marketplace or in future from vesting or as you donate to Angel Charities — is immediately available for use.

You can now trade and stake the $HALO token on our own webapp.

So if you’re interested in taking part in the governance of Angel Protocol, you stake your $HALO, earning yield that is currently about 8% APR. In addition to being live with on-chain voting (the Polls), we also have a Governance Forum to discuss governance proposals, such as how to allocate relief funding from the AP Endowment for Typhoon Rai victims.

We strongly encourage you use that Governance Forum to discuss possible proposals before locking up 5,000 $HALO on any polls! Governance staking not only allows you to vote, but to also earn 5% of the yield generated by all the endowments of Angel Protocol.

TL;DR: The $HALO you purchased raised funds for a charitable endowment that you help control while being rewarded for participation. Win & help win.

Early Stakers

Immediately after the ‘HaloSwap’ event, we noticed that the APR for the yield was not being calculated correctly. So whilst we ensured accuracy, we suspended the staking facility. Therefore the ‘Early Stakers’, those early adopters who staked their $HALO immediately after the ‘HaloSwap’ event, had their $HALO locked for a few days.

We thank them for their confidence in staking so early, and for their patience and so have rewarded them with 10% of the amount they staked — amounting to about 480% APR for that period of time! Those benefitting will see that amount automatically added to their staked totals.

Find out more about the $HALO token

We recently did a whole series of posts explaining the how and the why of the $HALO token. Well worth a read.

Part 1 — Fundamental value

Part 2 — Two key attributes

Part 3 — The prospects for holders of $HALO and $LUNA

Part 4 — Governance: the key to it all

And finally…

Why holding $HALO is a compelling financial opportunity. Including an explanation of bonding curves and charity staking.