The Diamond Hands challenge is a mechanism for users to gain benefit (staking yield) as the stake duration increases - the longer the stake period, the higher the multipliers. The multipliers of each level of stake durations will be calculated differently.
Level 1: Hold 1~30 days / *1.00
Level 2: Hold 31~90 days / *1.10
Level 3: Hold 91~180 days / *1.20
Level 4: Hold >= 181 days / *1.30
Stake and unstake actions within a day will be recorded and counted at 00:00 UTC.
The total WOO you have staked within a day will be aggregated, and the stake of each day will count its holding period separately.
Please note that the launch day of Open Beta (June 25 2021) is Day 0 for the loyalty challenge for every user.
* For any changes to the latest policy, please refer to updates posted on WOO X. WOO X reserves all rights of final interpretation for the staking program. *