Staking
Monadswap offers staking opportunities where users can lock their tokens to earn additional rewards.
Steps to Stake Tokens:
Access the Staking Section:
Navigate to the "Staking" tab on Monadswap.
Select a Staking Pool:
Choose the pool corresponding to the token you want to stake. Different pools may offer varying rewards and lock-up periods.
Enter Staking Amount:
Input the amount of tokens you wish to stake. The platform will display the estimated rewards based on the staking period.
Confirm Staking:
Review the staking details, including the lock-up period and any penalties for early withdrawal.
Confirm the transaction in your wallet to start staking.
Monitoring and Claiming Rewards:
Track your staked tokens and earned rewards in the "My Staking" section.
After the staking period ends, you can claim your rewards and withdraw your staked tokens.
Staking Rewards Overview:
Reward Distribution: Staking rewards are typically distributed periodically based on the performance of the staking pool and your share of the staked tokens.
Auto-Compounding: Monadswap may offer an auto-compounding feature, allowing users to automatically reinvest their staking rewards into the pool for potentially higher returns.
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