Metastaking Is Now LIVE On The Maiar DEX
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/
Beniamin Mincu, the co-founder & CEO of MultiversX, is a distinguished tech visionary and one of Europe's early blockchain pioneers. With a notable background as Product & Business at Nem Core in 2014, he subsequently founded and led MetaChain Capital as its CEO. Beniamin continues to shape the future of technology and blockchain with his unwavering vision and leadership.
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