Staking Information
In this Section, I will show you how to Stake your CatWifHat to earn more CatWifHat through the Various dApps available on the Terra Classic Blockchain.
Last updated
In this Section, I will show you how to Stake your CatWifHat to earn more CatWifHat through the Various dApps available on the Terra Classic Blockchain.
Last updated
Information: Not Financial Advice and Remember to always Do your own Research in any investment you make. Crypto is a Very Volatile Place and investments can Go up and down at any point.
Garuda De-fi is a CW20 Staking Protocol on the Terra Classic Blockchain that Allows CW20 Tokens/Projects to Offer Staking Rewards for Investors of that Project. The Owner can Set the APR and Pools of the Token to whatever they want to offer. The CatWifHat project Utilises this dApp to Offer a Variable APR that is based on the Transaction Volume of the Project. Being Careful to not Over Reward and create sell Pressure. Its Goal is to use this Platform and Reward the loyal Holders of the Project with a Lucrative APR that Varies Depending on the projects Position. One Thing to note is that is that you need to have atleast 5 GRDX Tokens to perform Staking and Unstaking Tasks in the dApp. Below is Also a Step by Step tutorial I made showing you how to stake CatWifHat on the Protocol.
Text Tutorial
Step 1. Buy the CatWifHat Token with LUNC through the Terraport Dex or Coinhalls Dex.
Step 2. Head to the Garuda-Defi Staking dApp Website and Connect your Preferred Wallet.
Step 3. Find CatWifHat from the List of Projects and Click the Select Button.
Step 4. Enter the Amount of CatWifHat you Want to stake to earn a Nice 13% APR on the Token. (Note, you MUST have the GRDX Token for the Fee's on the dApp. Its nice and Cheap so Grab 5-10k LUNC worth and it'll last you a while. You need it to Stake, Unstake, and Claim Rewards)
Step 5. Enjoy the APR and Staking Rewards!
To partake in Dao Voting, you have to Buy & Stake the CatWifHat Token on the Dao. Your Voting Power Dictates how much power and sway you have on the Voting Procedures as with any Dao or Governance Controlled Coin or Entity. Your Voting Power Also Dictates how much You are Rewarded each week from the fees gathered. So you will have to be smart and stake on the Dao During High Transaction Times to be Rewarded more lucratively than the Other Method of Staking Through Garuda De-fi. With the Dao, you will vote on Tax Changes. Reward Split Changes, How the Dao will Use its Funds and also Partake in bringing more Value to the Dao through various methods of Value Taking such as Staking LP on other chains utilising DaoDao's Crosschain Functionalities and so much more!
Below is a Step by Step Guide on how to State CatWifHat on DaoDao.
Text Tutorial
Step 1. Buy Some CatWifHat with LUNC through the Terraport Dex or Coinhall Dex.
Step 2. Head to the CatWifHat Dao and hit the "Stake" button.
Step 3. Enjoy Receiving Fee Yield from your Voting Power and Participation in the Projects Governance Decisions.
