Tutorial On How to Stake ARA to Unlock a Plethora of Benefits, Including But Not Limited to Minting $USDR, 36% Staking APR, and More!
Are you looking for a way to put your $ARA tokens to work and earn attractive rewards? ArrayFi has got you covered! By staking your $ARA, you can unlock a plethora of benefits, including the ability to mint $USDR and earn a whopping 36% staking APR.
In this guide, we will walk you through the process of staking your $ARA tokens to fully unlock the potential of ArrayFi’s platform.
Staking with ArrayFi is not just about earning rewards, it’s about surfing the DeFi wave and harnessing the power of your $ARA tokens. When you stake your $ARA, you become an integral part of the ArrayFi ecosystem, and in return, you receive a generous staking APR of 36%. This is a far more attractive option than traditional financial investments like savings or stocks, providing you with a stable and lucrative avenue for growing your assets.
Step-by-step guide to stake your $ARA
Step 1: Log in to ArrayFi Dapp.
Head to the ArrayFi website at https://arrayfi.tech/ and sign in if you haven’t already done so. If you don’t have an ArrayFi account yet, create one with your email address. You can use this account in both the ArrayFi Dapp and the Liza Mall to shop for Apple products.
Step 2: Ensure you have sufficient $ARA balance
Hover your cursor over your name on the top navigation bar to trigger the drop-down menu. From there, choose “My Assets” to ensure that you have enough $ARA in your balance. If you need guidance on how to create an account and deposit to ArrayFi, check out the article here.
Step 3: Head to the Stake site
Click on the “Stake” tab in the top navigation bar.
Step 4: Stake your $ARA
Type in the number of $ARA tokens you want to stake. You can either enter a custom amount or click the “Max” button to stake all of your $ARA balance.
Step 5: Mint $USDR
After successfully staking your $ARA, the system will prompt you to mint $USDR. This will redirect you to the “Earning” tab, where you can proceed to mint your corresponding amount of $USDR.
NOTE: The number of $USDR you can mint is anchored at a 1:4 ratio to your staked $ARA balance. For example, if you stake 100 $ARA tokens and the price of $ARA is currently $1, you will be able to mint up to $25 worth of $USDR.
Step 6: Check your balance
To check your updated balance, hover your cursor over your name on the top navigation bar and choose “My Assets.” Your new $USDR balance will be displayed here.
Claim Your First-Mover Advantage
By staking your $ARA tokens, you not only earn a high staking APR but also gain access to $USDR, ArrayFi’s go-to token for all DeFi activities and more. $USDR can be used within the ArrayFi ecosystem, including purchases on the Liza Mall platform. Here, you’ll find flagship Apple products at the best rates on the market. With ArrayFi’s partnership with ShopDunk, you can rest assured that the products delivered to your door are of top-notch quality, complete with attractive warranties and after-sale services.
Furthermore, $USDR is backed by ArrayFi’s cutting-edge AI technology, protecting the token against de-peg and adverse market conditions. This ensures the stability and resilience of $USDR as a valuable asset within the ecosystem.
Don’t miss out on the opportunity to stake your $ARA tokens and unlock the full potential of ArrayFi’s platform. By staking, you can mint $USDR and enjoy an impressive staking APR of 36%. Embrace the world of DeFi surfing and take control of your financial future with ArrayFi.
👉 Stake your $ARA today: https://www.arraydapp.com/#/stake
Join Array Community
Twitter | Discord | Telegram | News Channel | Medium
