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