Ever since GameFi Earn has been announced, it has garnered huge curiosity among the community.
As the ecosystem now provides its users with a simple and secure opportunity to stake their tokens and earn interest on them, the users are happier than ever.
With so much curiosity around, it is important to understand how exactly a user can do the staking on GameFi Earn and claim their Annual Percentage Rate (APR).
Step 1: Visit the official website of GameFi and click the Earn button on the Sidebar.
Step 2: Connect your Wallet with the Platform
Step 3: Select the expected tokens and pools to stake. Every token and pool have a different APR. In each staking pool, you can view the information regarding the APR, lock-in terms, and applicable subjects so you can decide accordingly.
Step 4: Once the staking pool is ready:
- a) Hit the ‘Stake’ button in ‘Your Investment’ area
- b) Enter the number of tokens you want to stake and read the estimated interest you will get on them based on the fixed APR.
- c) Edit any information if you want before clicking Next.
Step 5: Review all information, Approve the token amount spent on GameFi Earn’s smart contract then confirm on your wallet
Step 6: Hit the ‘Stake’ button and confirm on your wallet.
GameFi provides two kinds of staking i.e., Flexible and Fixed, both of which are beneficial in their own ways. Let us have a look:
1) Flexible Pool: The users can earn interest on a block-by-block basis by locking their tokens. It is flexible enough for users to withdraw their staked tokens whenever required.
2) Fixed Pool: In this method, the users can select a lock-up duration from 14 days, 30 days, and 90 days. Once the period is selected, the tokens can be withdrawn only after the given period is over. Here the users get the opportunity to earn a better interest rate. The longer the duration of the lock-up period, the more the interest.
The team has also recently launched the first $GAFI earning pool to celebrate the opening of GameFi Earn. Have a look at its statistics below:
Token name: $GAFI
APR: 7.00%
Total pool cap: 200,000 GAFI
Lock-up duration: 90 days
Applicable subject: Open to All
Are you ready to be among the first people to access $GAFI earning program?
