Staking PRBLY as a single-sided stake is a mechanism that reduces the amount of circulating tokens available, driving demand and scarcity. We want to reward holders who believe in the long-term success of the project enough to stake their tokens.
To participate in single-sided staking, you send your PRBLY into the staking contract and you get back a staked PRBLY token (sPRBLY) which represents your share of the staked tokens + accumulated rewards since your deposit. You can add the sPRBLY token to your wallet using this contract address: 0x3808b6e0f081bAa9383654a45D092E3b4bFE3394
Single-sided staking rewards have been budgeted for the next 24 months. Rewards vest evenly over time and are distributed evenly across PRBLY staked. There is no advantage for using multiple wallets.
The exact rewards rate varies as tokens are staked/unstaked. Since rewards are a fixed budget over time, as more tokens are staked, the rewards rate naturally comes down, and as tokens get unstaked, rewards rate increases.