Utility
Skills Labs utility
To see a full list of the current SKILL utilities on offer please visit our website.
Earning With Skills Labs.
SKILL holders can claim a share of available rewards. This claiming power has a varying APR which has seen an all-time high of 260% APY. The amount of rewards each holder has rights to is proportional to the amount of SKILL they hold. This model ensures that larger holders receive a higher share of the rewards, incentivizing long-term holding and larger holdings in the project.
SKILL Distribution on Cardano.
SKILL is distributed and made available to wallets from the rewards pool via "Ada Seal's Stake Pool VM contract" every five days. Holders have the option to either collect their rewards or let them accumulate for up to 100 days. After 100 days, rewards will be maxed out and will need to be claimed before more can be earned.
SKILL Distributed on Base.
SKILL is distributed via staking pools deployed on the unvest.io Dapp. Users can stake their holdings and claim/unstake at any time. Users can view the staking pools to get a comprehensive view on current pool stats including number of users staking, projected rewards and available rewards.
Governance.
Skills Labs believes in and supports decentralization, due to this Skills Labs allows SKILL holders to participate in key decision-making processes. Holders can vote on changes to the platform, ensuring that the community has a voice in the project's development and direction. SKILL governance will be implemented over time as the community and number of holders grows.
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