How To Change the amount of Daily Rewards Of a Staking Contract
How to article about changing the daily reward amount in a staking contract
Last updated
How to article about changing the daily reward amount in a staking contract
Last updated
Down the road after gaining some milage working with the staking vault, there comes a time when one might need to adjust / change the staking contract available to the users.
Changing the amount of daily rewards -
In order to change the amount of daily rewards the users gain for staking each day, there is no need to create a new staking contract. Just follow these instructions:
Go to manage.diamondvaults.io/contracts
click on the live staking contract you wish to change the amount of daily reward
Find the reward plan section and simply change the amount
Users who are already staking under the contract with the old amount will keep gaining the old amount until the end of their duration.
Once the duration ends, when they come back to re-stake they will earn the new amount configured as the daily reward.
If you have auto-stake enabled for the contract, either ask the users to manually un-stake or disable the staking contract completely and go live with a new one.
See article for more info: