How To Stake $PAR & Earn APY on Mimo DeFi
To continue adding value & features to our coins and holders of the world’s first decentralized euro stablecoin, Mimo has opened up a staking contract that allows the community to earn an APY for their $PAR.
Staking is simple and only requires a couple steps in the app. Following along and stake your $PAR at mimo.capital/mining.
$PAR Staking rewards distribute both an APY in $PAR and in $MIMO.
Just like any of Mimo’s other pools or earning contracts, your $MIMO can be claimed from the main claiming prompt and directly in the staking section.
- Choose your network, Staking is supported on both ethereum & Polygon
- If you haven’t already, Mint $PAR
- Navigate to Mimo.capital/mining
- Under PAR Staking, connect your wallet & approve the protocol to access your $PAR
- Set an amount of $PAR you’d like to stake
Check back to watch your daily issuance grow & be sure to stake your rewarded $MIMO to stack greater APYs & increase your voting power!