Core Network Staking Smart Contract

Overview

This smart contract enables staking on the Core network, allowing users to stake Y tokens and earn X tokens as rewards based on a predefined locking period. A reward pool is preloaded with X tokens, which are distributed to stakers according to their stake amount and duration.

Features

• Secure & Efficient Staking: Users can stake Y tokens and earn X token rewards.
• Preloaded Reward Pool: Rewards are sourced from a preloaded pool.
• Time-Based Rewards: Rewards are distributed based on the staking duration.
• Fair Distribution: Users receive rewards proportional to their stake and lock period.
• Optimized for Gas Efficiency: Designed to minimize transaction costs on the Core network.

How It Works

1. Reward Pool Funding: The contract owner deposits X tokens into the reward pool.
2. User Staking: Users stake Y tokens and choose a locking period.
3. Reward Calculation: Rewards are calculated based on the stake amount and duration.
4. Claiming Rewards: Users can withdraw their stake and claim earned rewards after the locking period.
5. Contract Security: Ensures fair distribution and prevents manipulation.

Deployment

To deploy the contract:

1. Compile the smart contract using a Solidity-compatible IDE or Hardhat.
2. Deploy it on the Core network using a Web3 provider.
3. Fund the reward pool with X tokens.
4. Interact with the contract using a frontend or direct Web3 calls.

Usage

Staking

Users can stake their Y tokens by calling:

stake(uint256 amount, uint256 lockPeriod)

• amount: Number of Y tokens to stake.
• lockPeriod: Duration in seconds for locking the stake.

Claiming Rewards

After the lock period, users can claim their rewards:

claimRewards()

This will transfer the earned X tokens to the user’s wallet.

Security Considerations

• Smart Contract Audits: Ensure the contract is thoroughly reviewed before deployment.
• Fair Reward Distribution: Prevents unfair advantage to early stakers.
• Gas Optimization: Transactions are optimized to minimize fees.

License

This project is released under the MIT License.

README.me

To ensure this documentation remains up-to-date, please refer to the README.me file for the latest instructions, updates, and usage guidelines.