FIRE Staking Program is Now Live 🔥

Fire Protocol
FireProtocol
Published in
3 min readJan 10, 2021

Fire Protocol hereby presents you the $FIRE Staking Program! With the support from Ferrum Network, Fire Protocol now opens our Staking service to all users. We offer a full-maturity APY of up to 42% with 120-day Staking Period, which can bring more passive income for $FIRE token holders. 💪

How to participate

  1. Users can enter the $FIRE Staking Program directly here.

2. Read carful all the terms and conditions.

3. Click the “Stake Here” button on the top right and enter the Staking webpage.

4. Connect your MetaMask wallet. 🦊

5. Approve the amount of $FIRE you want to stake via Metamask.

6. Approve the 2nd transaction on Metamask for staking your $FIRE token

(essentially 2 transactions are required on Metamask, approve and stake)

7. For more info, please check this for more user guide. In case you need any assistance, feel free to contact our CMs in Fire Protocol official Telegram.

Rules of the Staking Program

  1. Starting Time: 21:00 PM (Singapore time), Jan. 10th.
  2. Full Maturity Period: 120 DAYS (14th, April)
  3. Full Maturity APY: 42%
  4. Early Withdrawal Period (Minimum Staking Period): 30 DAYS
  5. Early Withdrawal APY: 8%
  6. Contribution Period: 4 days (10th-14th of Jan) or until filled
  7. Max Pool Size: 1,000,000 $FIRE tokens
  8. Minimum Staking Amount: 1,000 $FIRE tokens

Extra Perks (Sponsored by SpiderDAO) 🔥

Win up to 100 VPN licenses and 10 Router for staking $FIRE 🎁

Criteria to win the Router:

  1. Stake $FIRE token for 120 days
  2. Hold min. $100 worth of $SPDR tokens in your ERC20 staking wallet
  3. Follow @spiderdao Twitter and post about #SpiderVPN
  4. Join @spiderdao telegram

Criteria to win the VPN License:

  1. Stake $FIRE token for min. 30 days
  2. Follow @spiderdao Twitter and post about #SpiderVPN
  3. Join @spiderdao telegram

About Fire Protocol

Fire Protocol is the first infrastructure to Huobi (Smart) Eco Chain (HECO), the first batch member of developers invited to test HECO (an Ethereum compatible Public Chain for Blockchain Developers).

Key products are:

⁃ DEX/Swap: Fireswap is fast and secure trading service; Liquidity Mining

⁃ Cross Chain Wrapping solutions to bring non-Huobi Chain assets onto the Huobi Ecosystem from various chains; eg Ethereum, Tron, Polkadot (in future)

⁃ Money Market with Lending and Borrowing ; fully integrated with our DEX Liquidity Providers’ token on the DEX serve at the same time as collaterals on borrowing/ lending protocol

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Fire Protocol
FireProtocol

We are the first protocol infrastructure to offer a suite of solutions and products that enable users to easily participate on the Huobi Eco Chain.