In today’s post, we will use the simplest staking mechanism on the Fodl platform. If you want your $FODL to gain value while holding it, this article is for you…
50M are allocated to single sided staking in the xFODL staking contract. Users can lock their $FODL token in the contract and receive the fully liquid derivative token xFODL back that can be later redeemed at the contract for the principal plus staking rewards. There is no lockup or vesting period attached to this.
(Stake and Unstake videos have been added to the end of the guide.
I suggest you read the whole guide and watch the videos.)
- Connect your Metamask wallet. Metamask should open automatically, if not, try refreshing the page
- Find the “Stake FODL” Section
- Enter the amount of Fodl you want to stake
- Click the Stake button
- Your Metamask wallet will open automatically
- Click “Confirm” from your Metamask wallet to complete the transaction
- If the transaction is successful, “Transaction Confirmed!” You will see the message
- You can access the transaction details by clicking the “View On Etherscan” button
- Congratulations, you have completed the staking process
- On Etherscan you can see the amount $FODL you have staked and the amount of xFODL you have received in return.
SINGLE SIDE FODL STAKING VIDEO
HOW TO SINGLE CURRENCY STAKING ON FODL
In today’s post, we will use the simplest staking mechanism on the Fodl platform. If you want your $FODL to gain value while holding it, this article is for you…
50M are allocated to single sided staking in the xFODL staking contract. Users can lock their $FODL token in the contract and receive the fully liquid derivative token xFODL back that can be later redeemed at the contract for the principal plus staking rewards. There is no lockup or vesting period attached to this.
- Connect your Metamask wallet. Metamask should open automatically, if not, try refreshing the page
- Find the “Stake FODL” Section
- Enter the amount of Fodl you want to stake
- Click the Stake button
- Your Metamask wallet will open automatically
- Click “Confirm” from your Metamask wallet to complete the transaction
- If the transaction is successful, “Transaction Confirmed!” You will see the message
- You can access the transaction details by clicking the “View On Etherscan” button
- Congratulations, you have completed the staking process
- On Etherscan you can see the amount $FODL you have staked and the amount of xFODL you have received in return.
SINGLE SIDE FODL STAKING VIDEO
xFODL UNSTAKING VIDEO