> For the complete documentation index, see [llms.txt](https://docs.meycoin.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.meycoin.com/meycoin-announcement/mey-staking.md).

# MEYCOIN Staking Is Now Live! (on June 20th, 2021)

## Common Rule 

1. Everyone can create a pool to receive exclusive offers for market developers ([see more](https://meycoin.gitbook.io/meycoin/meycoin-announcement/benefit-for-developers-on-june-16th-2021))
2. Everyone can stake MEY to receive interest 
3. Unlimited origin of MEY to stake
4. Unlimited number of stakes

## Forms of Participation and Payment

Join stake with MEY and get daily interest in MEY

1. Interest rate: up to 18%/year
2. Interest calculation method: daily
3. Conditions of principal payment: meet the following conditions simultaneously

   a. Have received full interest after 365 days

   b. The pool has been filled

> *Interest rate and stake period may vary by pool*

## **Pool Initilization Rule** 

1. Pool value in USD must reach at least 10,000.00 USD
2. Initialization fee is equal to 0.25% of the pool value in USD and will be deducted from the creator's USD wallet
3. Development commission (from 3-5% of pool value in USD) will be paid automatically to creator's USD wallet when pool is filled ([see more](https://meycoin.gitbook.io/meycoin/meycoin-announcement/benefit-for-developers-on-june-16th-2021))