Metastaking Is Now LIVE On The Maiar DEX
Metastaking Is Now LIVE On The Maiar DEX
Economics
March 17, 2022
min read

Metastaking Is Now LIVE On The Maiar DEX

https://maiar.exchange/metastaking

Metastaking is an innovation that is unique to the Maiar DEX and for the first time combines token staking, liquidity providing and yield farming into a powerful new product, offering EGLD/RIDE liquidity providers with an additional income stream:

🔸 LP fees

🔸 MEX/LKMEX Farm rewards

🆕 RIDE Metastaking rewards

Important note for staking EGLD/RIDE Farm tokens in Metastaking:

  • Your EGLD/RIDE Farm positions will not be automatically staked in Metastaking
  • In order to stake your EGLD/RIDE Farm positions in Metastaking, go to Metastaking > click on Stake > Select EGLDRIDEF or EGLDRIDEFL > Stake
  • After staking your EGLD/RIDE Farm positions in Metastaking, they will no longer be displayed in the EGLD/RIDE Farm
  • Instead, they will be displayed in Metastaking
  • Your MEX/LKMEX rewards for EGLD/RIDE yield farming will be displayed and harvested in Metastaking

Important note for Withdrawing from Metastaking:

  • EGLD/RIDE LP tokens are automatically removed from the EGLD/RIDE Farm
  • EGLD/RIDE liquidity is automatically removed from the EGLD/RIDE Liquidity Pool
  • All involved RIDE tokens (both in EGLD/RIDE LP and directly staked) are subject to a 10 epochs (days) unbonding time

holoride is the first project to be added to Metastaking, with more to follow.

Read more about Metastaking: https://elrond.com/blog/metastake-ride-staking-liquidity-yield-farming/

👉 https://maiar.exchange/metastaking

Beniamin Mincu
Beniamin Mincu
Co-Founder MultiversX

Beniamin Mincu, Co-founder of MultiversX, is a distinguished tech visionary and one of Europe’s early blockchain pioneers.

Published by
Beniamin Mincu
Beniamin Mincu
Co-Founder MultiversX
Published on
March 17, 2022
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