The Staking System is a program designed to encourage users to hold their tokens for an extended period by rewarding them with $esPEPE. This system helps to secure the network by incentivizing users to stake their tokens and ensures the longetivity of $PEPE token.
The $esPEPE rewards can be converted into actual $PEPE after one year of vesting.
Once vested, the $esPEPE is automatically converted into actual $esPEPE every block with the same value as $PEPE. This mechanism is in place to prevent inflation of the $PEPE token. When unstaking $PEPE, the unstaked amount will be locked for 7 days.