> For the complete documentation index, see [llms.txt](https://mybid-web3-digital-identity.gitbook.io/mybid-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://mybid-web3-digital-identity.gitbook.io/mybid-whitepaper/tokenomics/staking-usdmbid-tokens.md). # Staking $MBID Tokens The myBID ecosystem introduces four distinct staking contracts, accessible to all token holders. As $MBID tokens are SPL tokens, they can be held in any compatible non-custodial or custodial wallets, including but not limited to the myBID wallet. **Long-term Ecosystem Support**: These staking contracts are designed to incentivise early adopters, investors, and customers to retain $MBID and provide sustained support to the ecosystem. *** 📜 **Details of Staking Contracts** 1. **Reward-Focused Contracts:** Annual Percentage Rate = APR
Lock-up PeriodAPRFormula
1 Year30%Number of Tokens Staked x 30% x (12/12) x URM
90 Days6%Number of Tokens Staked x 6% x (3/12) x URM
30 Days1.5%Number of Tokens Staked x 1.5% x (1/12) x URM
2. **Charitable Foundation Support Contract**: * **Staking for Charity**: Allows token holders to stake tokens for the benefit of a charitable foundation. * **Ownership and Rewards**: Staked tokens remain under the ownership of the staker, but the rewards generated are allocated to the foundation. *** 🏭 **Token Reward Mechanism** * **Newly Minted Tokens**: Staking rewards are generated by minting new tokens. * **Adherence to Maximum Supply**: The use of the User Reward Multiplier (URM) ensures that the maximum supply of tokens is never exceeded, maintaining the integrity of the tokenomics. * **Consistent Reward Provision**: The RM mechanism ensures that staking consistently offers rewards, regardless of the contract chosen. *** 🤝 **Governance and Community Engagement** * **Enhanced Participation**: By engaging in staking, token holders actively contribute to the decision-making processes within the myBID ecosystem, especially those staking for the charitable foundation. * **Transparency and Inclusivity**: The staking process is designed to be transparent, ensuring that all participants have a clear understanding of the staking rewards, lock-up periods, and their impact on the ecosystem.