Staking is Live!
If you’ve come this far with us, you already know the future that Xave is building towards. So, we’ll cut right to the chase: it’s time to start staking your XAV to earn rewards and Xave Points.
Want to know how to get started? Curious why you’d want to stake?
Read on to learn more ⬇️
Staking? What’s That?
Staking is a great way to passively earn rewards using the XAV tokens that you already hold. Rather than letting your tokens sit around doing nothing in your wallet, staking offers an opportunity to put them to work.
We won’t go into the technical details of how staking works at the protocol level, but you can learn more by reading this helpful introduction to the subject from Coinbase.
By staking your XAV you’ll earn rewards and Xave Points. We want to make sure that our early community gets to double-dip when it comes to earning rewards, and Xave Points are the best way to do that. We’re getting closer to launching Xave Points every day, so now is a good time to stack as many as you can 😉
How to Get Started
You can get started staking in the Xave app by following these steps:
1. Deposit XAV:USDC
2. Earn LP tokens
3. Stake to start earning
4. Watch your Points accrue on the Stake page
We’re always happy to answer any questions from the community about staking, or anything else that Xave is building, so don’t be shy!
