Find answers to common questions about staking, claiming rewards, and managing your tokens with Pondo Protocol.
Claiming Rewards
What is the reward cycle for $pALEO?
Rewards for $pALEO are not distributed directly. Instead, the value of $pALEO grows over time as staking rewards are accrued by the protocol. This means you don’t see periodic payouts, but when you convert $pALEO back to ALEO, you’ll receive the original staked amount plus accumulated rewards.
How do I track my accumulated rewards?
The value of $pALEO in your wallet will reflect the rewards. For example, if 1 $pALEO was worth 1 ALEO at staking, and now 1 $pALEO is worth 1.06 ALEO, that 0.06 ALEO represents your accumulated rewards. To see the exact value, check the staking interface or your wallet.
Staking and Rewards
What happens if I unstake during a reward cycle?
If you unstake during a reward cycle, you will receive the staking rewards accrued up until the point of unstaking. For example, if the APY is 20% and you’ve staked for 6 months, you’ll receive approximately half of the yearly APY in rewards when unstaking.
Can I stake ALEO directly from centralized exchanges?
No, ALEO must first be transferred to a compatible wallet like Leo Wallet, Puzzle Wallet, or Fox Wallet. Once it’s in your wallet, you can connect to Pondo’s staking interface to stake and receive $pALEO.
Is $pALEO compatible with DeFi protocols?
Yes, $pALEO is a liquid staking token and can be used in DeFi activities like lending, providing liquidity, or trading. For example, you can use $pALEO on Arcane Finance to participate in DeFi while still earning staking rewards.
Why is $pALEO growing in value over time while $PNDO is deflationary?
$pALEO accrues value through staking rewards generated by the protocol, making it ideal for long-term staking. $PNDO, on the other hand, accrues value by being burnt for proportional shares of the Rewards Pool. These mechanisms complement each other to provide flexibility and rewards.
What’s the difference between $pALEO and $PNDO?
$pALEO: A liquid staking token representing staked ALEO, which accrues value as staking rewards accumulate. It’s primarily used for liquidity and DeFi activities. $PNDO: A deflationary token used to access the protocol’s Rewards Pool. Holding and burning $PNDO lets you claim fees collected from the Pondo Protocol.
$PNDO
What is $PNDO, and how does it work?
$PNDO is the token at the core of Pondo Protocol’s fee and rewards mechanism. It has a fixed supply and is deflationary, meaning it can only be burnt but never minted. $PNDO holders can redeem their tokens for a proportional share of the Aleo credits in the Rewards Pool.
How do I earn rewards with $PNDO?
When users withdraw ALEO from Pondo’s staking pool, a 10% fee is charged and added to the Rewards Pool. By holding $PNDO, you can claim your share of the Rewards Pool by redeeming and burning your $PNDO tokens.
Is there a lock-up period for $PNDO?
No, $PNDO has no lock-up period. You can trade, transfer, or redeem your $PNDO at any time, depending on your strategy.
How does burning $PNDO work?
Burning $PNDO permanently removes it from circulation. When you redeem $PNDO for your share of Aleo credits in the Rewards Pool, those $PNDO tokens are burned. This increases the value of the remaining $PNDO supply over time.
Where can I buy $PNDO?
Coming soon..
Can I use $PNDO alongside $pALEO?
Yes! While $pALEO is used to represent staked ALEO and earn staking rewards, $PNDO provides access to the Rewards Pool and other governance-related features in the protocol.
Security & Technical Questions
Are $PNDO and $pALEO safe to hold and trade?
Yes, both tokens are built on secure, privacy-first blockchain infrastructure. However, always ensure you’re trading or staking using official platforms to avoid scams or phishing attempts.
What happens if I lose my wallet with $PNDO or $pALEO?
If you lose access to your wallet, your tokens cannot be recovered. We strongly recommend securing your wallet’s private keys or seed phrase in a safe location.
Has Pondo been audited?
Yes, Pondo Protocol has completed two independent security audits by Veridise and zkSecurity. These audits reviewed the protocol’s code and mechanisms, and all critical issues identified were resolved. The audit reports are publicly accessible for transparency:
What measures ensure the safety of my tokens and staking?
• Pondo has been audited by leading firms, ensuring the protocol operates securely. • The liquid staking mechanism is built with privacy-first principles on the Aleo network. • The tokenomics of $PNDO and $pALEO are designed to protect value while maintaining security.
What happens if there’s a network disruption or protocol update?
Your $pALEO and $PNDO tokens remain safe. Pondo Protocol ensures that any potential disruptions do not affect your assets. In the rare case of downtime, your staked tokens and rewards will resume as soon as operations are restored.
What should I do if my wallet doesn’t sync with Pondo?
If your wallet isn’t syncing: 1. Ensure your internet connection is stable. 2. Make sure your wallet app is updated to the latest version. 3. Try switching networks in your wallet settings (e.g., disconnect and reconnect). 4. Clear your browser’s cache if using a browser wallet extension.
Future of Pondo
What’s next for Pondo and its ecosystem?
Pondo is continuously expanding its ecosystem. Future developments include: • New DeFi integrations with $pALEO and $PNDO. • Expanding the Rewards Pool to support additional use cases. • Collaborations and campaigns with partners in the Aleo ecosystem.
