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STAKING with TPB

 

• If you stake XTZ with Tezos Pepe Bakery, the rewards are paid out automatically via network protocol, this 5% fee currently goes to the operational cost of the baker. Currently you won't see transactions in the explorers, rest assured though your balance will be increasing every three days this can be seen under the rewards tab.  

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• If you choose to stake you earn more rewards, but your funds have an associated slashing risk to them. In the rare event a "double baking" event occurs and your staked XTZ are slashed, in no event will either party be liable to the other for any incidental or consequential damages. By using Tezos Pepe Bakery you agree to "absolve Tezos Pepe Bakery of all liability." We will also not be liable for any missed rewards whether staking or delegating for any reason. With that said our baker operates with a single ledger, I do not anticipate a slashing event. No minimum XTZ requirement to stake. 

 

• If you stake, please also be aware that your funds are staked/locked by the protocol. To unstake there is a waiting period of three cycles about 9 days to finalize your unstake. 

 

 

 

Delegating  with TPB

 

• Tezos Pepe Bakery has maybe the most unique delegation policy of all bakers, if you search TZKT explorer you may see that we don't accept delegations, that is because we don't reward in XTZ but $PEPE token. It will also show a %100 fee, the explorers just are not set up for the type of innovation being pushed by the bakery. If you delegate the fees are %20. %10 going to the bakery and the other %10 is contributions to a monthly community burn which is beneficial to all token holders.  

 

• If you choose to delegate to us, there is no risk of your funds in regard to double baking, also your tokens delegated will remain spendable (unlocked).

 

• Rewards are paid first 5 calendar days of each month for the month prior, paid in relation to XTZ staked. Stake more XTZ, earn more $PEPE in rewards!

 

• The minimum amount for delegation is 50 XTZ, if you have less you should stake, so you can earn rewards. 

 

• When you delegate with TPB you will not earn XTZ rewards. XTZ rewards are swapped for Pepe token at the current market rate at the time of swap. 

 

• When delegating please be patient, there is an initial delay of rewards and since the bakery only pays on the 1st it may be a 30-45 day wait before your first rewards. As long as you continue delegating and maintain a minimum balance of 50 XTZ you will receive all rewards due. The benefit of this model is larger payment of rewards and less transactions to track. 

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• Any questions about your rewards etc. feel free to contact Pedro below. I will never ask for your seed phrase etc. You can share your PUBLIC address as shown on TZKT explorer.