Join The Genesis Of The Web3 Data Economy And Stack Rewards With ITHEUM Metastaking. Starts on May 10.

Dan Voicu
·
Apr 28, 2022
·
2 min read

The data-driven economy will introduce new income streams that will allow participants who contribute value to earn in creative new ways. Metastaking is a novel product that already enables that for anyone who’s a part of launching new token economies on the Maiar DEX.

We are excited to announce that Metastaking will be enabled for Itheum on May 10! Providers of liquidity in the EGLD/ITHEUM pool will thus gain a third income stream, in addition to liquidity provider fees and farm MEX/LKMEX rewards: ITHEUM rewards.

As a result, Metastaking participants can tap into the up to 100% APR farm rewards, and the ITHEUM staking rewards of up to 30% APR in the first 12 months.

Add EGLD/ITHEUM liquidity

Add liquidity using unlocked EGLD and ITHEUM.

By doing so, you start earning LP fees as rewards: 0.25% of the value of each swap are distributed proportionally to all liquidity providers.

Stake EGLD/ITHEUM LP

The next income stream is unlocked by staking the EGLD/ITHEUM LP tokens, received from the step above, in the EGLD/ITHEUM farm.

This will earn you up to 100% APR LKMEX rewards, or up to 30% APR MEX rewards.

These are APR estimations, dependent on staked amounts and reward rates, which are subject to further adjustment.

Stake EGLD/ITHEUM Farm tokens in Metastaking

The third income stream is unlocked by staking your farm positions from the previous step into Metastasking.

This will earn you up to 30% APR ITHEUM rewards, in the first 12 months, from the amount of ITHEUM deposited in step 1.

  • Metastaking deposits will be enabled On May 10, ±16:00 UTC
  • ITHEUM rewards are already enabled and are being distributed to those who already stake ITHEUM tokens (“regular” staking)
  • A total of 25,500,000 ITHEUM tokens have been pooled for these rewards
  • When unstaking from Metastaking, the ITHEUM tokens will be available after a 10 days unbonding period

Check this Metastaking video-guide by Carpathian Staking, that covers the end-to-end process described above in an easy to follow format. The example includes RIDE tokens, but the principles are the same:

📺 https://youtu.be/x-YfG4d8Fus

You can learn more about Metastaking here: https://elrond.com/blog/metastake-ride-staking-liquidity-yield-farming/

Let’s go.


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Written by
Dan Voicu
constructive ambiguity