Staking your BCUBE tokens will be rewarded with BCUBE tokens similar to how you earn interest in Euros/USD on your Euros/USD deposits. This method is perfect to grow your tokens passively. To see how much is the Estimated Annual Percentage Reward (APR), please visit MantraDAO.
At the moment, you can do simple staking as well as LP staking in BCUBE/WETH pair as per your wish:
- In simple staking, you will just stake BCUBE tokens to get certain % of returns paid in BCUBE for those staked tokens. Percentage of returns are variable in nature.
- In LP staking, you should first obtain the LP token on Uniswap and then deposit it on MantraDAO.
These two methods of staking will be valid for one year. Please note, they are not the same as staking for free bots which will come in a few months. Stay tuned on Telegram.
How can you get started? This article explains it step by step. The original article was published on the Medium blog of MantraDAO.
- Strategy
BCUBE/ETH LP staking rewards: 50,000 BCUBE per month
&
BCUBE naked staking rewards: 33,333 BCUBE per month
2.Obtain LP tokens from UniSwap V2
Please refer to CoinMarketCap’s guide on UniSwap here and read the section on Adding liquidity.
3.Staking your UniSwap V2 LP Tokens
If you are joining an LP pool, you must first obtain LP tokens from UniSwap, for example BCUBE/ETH by providing liquidity to the BCUBE/ETH pool.
Go to app.mantradao.com/staking and make sure you are connecting with the ETH network.
Once you have done that, you will be able to see the available asset pools, for example, the BCUBE/ETH LP pool. Next you can click the “Next” button to enter the pool
Clicking Next will open up a window where you can click “Stake Now” to proceed. You will need to confirm 2 transactions, 1 for approving the contract, and the second to stake.
Congratulations! You have now successfully staked your tokens!
When you want to claim your rewards or to unstake your tokens, you can return to our staking page where you will see the options to claim and withdraw your tokens as well as to unstake.
DISCLAIMER
Trading cryptocurrencies involves risk. The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the article’s content as such. Author, website or the company associated with them does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions. Lastly, this article is not targeted at French citizens or residents.