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Gasless Re-staking

SmartCredit.io gasless re-staking lets SMARTCREDIT stakers automatically compound their weekly staking rewards without paying any Ethereum gas fees. Rewards assigned every Sunday at 12:00 UTC are re-staked in the same transaction at zero gas cost.

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Key Takeaways

  • SmartCredit.io covers the gas cost of re-staking, so stakers can compound their weekly rewards without spending ETH on transaction fees.
  • Staking rewards are assigned every Sunday at 12:00 UTC; gasless re-staking is available immediately after each weekly assignment.
  • Gasless re-staking applies only to staking rewards - borrower, lender, and referral rewards must be claimed manually (which requires gas).
  • Without gasless re-staking, compounding would require two gas-paying transactions per week: claim rewards and deposit them. Gasless re-staking replaces both with a single zero-cost operation.
  • The benefit compounds over time: re-staked rewards earn their own staking rewards in subsequent weeks, following an interest-on-interest dynamic.

SmartCredit.io offers stakers the feature of gasless re-staking, which allows automatic compounding of staking rewards at no gas cost.

How gasless re-staking works

When staking rewards are assigned each Sunday at 12:00 UTC, stakers have two options:

  1. Claim rewards - withdraw SMARTCREDIT tokens to the wallet (requires a gas-paying transaction)
  2. Gasless re-staking - add the earned rewards directly to the staking position without a gas-paying transaction (SmartCredit.io covers the gas)

Gasless re-staking is the more capital-efficient choice for long-term stakers. Each re-staked reward increases the staking position, which earns a larger share of the following week's reward pool.

Enabling gasless re-staking

Gasless re-staking is available in the “My Rewards” section at smartcredit.io. After connecting a wallet with an active staking position, select “Re-stake” instead of “Claim” when rewards are available. The re-staking transaction is submitted on the staker's behalf at no gas cost.

Eligibility

  • Holders can re-stake their staking rewards without paying gas.
  • Staking rewards are assigned every Sunday 12:00 UTC.
  • Gasless re-staking allows holders to earn extra staking rewards via interest-on-interest mechanics.
  • Gasless re-staking is available only for staking rewards and not for borrowing, lending, or referral rewards.

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