Staking

Staking is a crucial component of the MPAA DAO, allowing users to lock their MPAA tokens in the protocol in exchange for voting power and other rewards. Staking not only secures the network but also aligns the interests of the participants with the long-term success of the platform.

Benefits of Staking

Voting Power

Stakers receive veMPAA (vote-escrowed MPAA), which represents their voting power in the governance process. The amount of veMPAA received is proportional to the number of MPAA tokens staked and the duration of the lock-up period. This mechanism ensures that those who are most committed to the platform have the greatest influence in governance decisions.

Rewards

Stakers are rewarded for their participation in the network. Rewards can come in various forms, including:

• Staking Rewards: Regular distributions of additional MPAA tokens to stakers, incentivizing long-term participation.

• Fee Shares: A share of the fees generated on the platform, providing a steady income stream for active participants.

• Special Incentives: Exclusive access to new projects, airdrops, and other benefits designed to reward loyal community members.

How to Stake MPAA Tokens

Step-by-Step Guide

1. Access the Staking Platform: Navigate to the staking section of the MPAA Launchpad platform.

2. Connect Your Wallet: Connect your cryptocurrency wallet to the platform to access your MPAA tokens.

3. Select the Amount to Stake: Choose the number of MPAA tokens you wish to stake.

4. Choose Lock-Up Period: Select the duration for which you want to lock your tokens. Longer lock-up periods yield more veMPAA and greater rewards.

5. Confirm the Transaction: Confirm the staking transaction through your wallet. Your tokens will be locked, and you will start earning veMPAA and rewards.

Unstaking Process

1. Access the Staking Dashboard: Navigate to the staking dashboard on the MPAA Launchpad platform.

2. Select Unstaking: Choose the amount of MPAA tokens you wish to unstake.

3. Confirm the Unstaking Transaction: Confirm the transaction through your wallet. After the lock-up period ends, your tokens will be available for withdrawal.

Important Considerations

• Lock-Up Period: The duration for which tokens are locked affects the amount of veMPAA received and the rewards earned.

• Early Unstaking: Unstaking before the end of the lock-up period may result in penalties or loss of rewards, depending on the protocol's rules.

• Security: Ensure that you use a secure wallet and follow best practices to protect your staked assets.

Staking Process

Reward Deposit

Every Monday, project teams will send the reward tokens to the designated address [1]. These tokens are allocated for distribution based on the staking activities of the past week.

Snapshot Time

The staking contract will take a snapshot every Sunday at midnight to record the staking status of all users. This snapshot is crucial for determining the distribution of rewards.

Distribution Basis

The rewards deposited for the current week will be distributed based on the snapshot data from the previous Sunday. Each week serves as a settlement period for rewards distribution.

Claiming Rewards

Users can start claiming their settlement rewards for the previous week starting from Monday. The rewards will be available for withdrawal directly from the staking platform.

Staking Strategies

Long-Term Staking

Staking tokens for longer periods maximizes voting power and rewards. This strategy is suitable for those who believe in the long-term potential of the MPAA platform and are committed to its growth and success.

Flexible Staking

For those who prefer flexibility, staking tokens for shorter periods or in smaller amounts can still provide benefits while allowing more liquidity. This approach balances the need for rewards with the ability to access tokens when needed.

Compound Staking

Reinvesting earned rewards into additional staking can compound benefits over time. This strategy involves regularly claiming rewards and staking them again to maximize returns.