MuesliSwap $MILK Staking Launched in Beta Mode
MuesliSwap announces that MILK staking is now live in beta mode on mainnet.
By participating in MuesliSwap staking, MILK holders have the chance to earn exciting Cardano tokens such as Flickto and SNOW! In this article, they have prepared a summary of what this means and how you can stake your MILK. For now they have launched staking with a few selected pools.
How does Staking work?
Anyone can deposit their MILK tokens into our smart contract. You can then decide between different token pools in which you will earn rewards. The rewards within each token pool are distributed to all participants staking their MILK in the pool. Once you unstake your MILK tokens, you can automatically claim the accumulated token rewards from the MILK pool. The rewards will then be sent in a separate transaction to your wallet.
How can I get started?
Just head to https://ada.muesliswap.com/pools. You will see a list of MILK pools, where you can stake your MILK tokens, along with some information. In the example below, they have a pool with the SNOW token as a reward. They can see the total amount of MILK staked at the moment and the current reward per 1 MILK. This mechanism shows the estimated rewards you can get if you stake until the pool end date. Each pool has a start and an end date — in this case, the pool ends on April 23th. You can now simply click on Stake MILK and enter the desired amount, and you’re done!
What tokens can I earn?
They are starting with a few selected pools including Flickto, GoKey and SNOW. Moreover, they are planning to add many more pools to their MILK staking platform. One of the things they are more than proud of is going to be the new feature: stake MILK earn NFTs. Together with some of their partners they will bring some exciting NFT projects to MILK holders.
About MuesliSwap
MuesliSwap brings the order book model used by traditional stock exchanges to the blockchain, providing crypto traders with features like limit orders and peer to peer trading without the requirement of liquidity pools. The MuesliSwap protocol is designed to enable parallel transactions and large transaction volumes using a combination of smart contracts and off-chain matchmaking code.
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