Stake to Earn
To optimize benefits for loyal and long-term users of iRender, we’re excited to introduce the Staking (Stake to Earn) feature. This new option allows users to stake their unused iRender Points and earn additional rewards.
This unique Staking feature sets iRender apart as the only render farm offering such a benefit. It’s our way of maximizing value for customers while showing our appreciation for their continued trust and support.
CONTENTS
1. What is Staking?
Staking enables users to lock a certain amount of unused iRender Points (iR Points) for a specified period to earn rewards. These rewards are distributed as additional iR Points, which can be used for both GPU Rental and Hour Plans—unlike Bonus Points, which are limited to Hour Plans.
2. Staking Interest Rates
The rewards for staking depend on the duration and amount of iR Points staked. Below is the interest rate table:
Staking Duration | Reward Rate (%) per month |
1 Month | 5% |
3 Months | 6% |
6 Months | 7.5% |
12 Months | 8.5% |
Example Use Case: You have 1,000 iR Points that you won’t use for the next 6 months.
- Stake: 1,000 iR Points for 6 months.
- Reward: 1,000 x 7.5% x 6 = 450 iR Points after 6 months.
- Total Balance after Staking: 1,450 iR Points.
3. Staking Conditions
To ensure smooth participation, the following conditions apply:
Eligibility
- Minimum amount to stake: 1,000 iR Points.
Reward Distribution
- Rewards are credited as iR Points directly to your account.
- iR Points earned through staking are fully usable for both Rental Plans and Hour Plans.
Unstaking Rules
- Users can unstake at any time, but any early withdrawals will result in the loss of all accumulated rewards for the staking period.
- Withdrawals will return the originally staked iR Points to your account.
4. Staking Process
Follow these steps to start staking:
- Log in to your iRender account and navigate to the Stake to Earn Dashboard.
- Select the amount of iR Points you want to stake (minimum: 1,000 points).
- Choose a staking duration: 1, 3, 6, or 12 months.
- Confirm to start earning rewards.
5. Important Notes
- Staking rewards are not cumulative across multiple staking periods; each staking session is independent.
- Rewards are calculated and credited at the end of the selected staking period, provided no early withdrawal is made.
- The iR Points earned from staking are different from Bonus Points and offer greater flexibility in usage.