Stake Your MOOB(3, 3)
Staking allows you to earn Moob Tokens passively via auto-compounding. By staking your Moob with MoobDAO, you receive sMoob (staked Moob ) in return at a 1:1 ratio. After that, your sMoob balance will increase automatically on every epoch based on the current APY.
Check out this video on how to get Moob and stake it on MoobDAO:
VIDEO COMING SOON
How to Buy MOOB
There are several venues to purchase moob : Pancakeswap, or DEX aggregators such as matcha. Make sure to check the slippage first before buying Moob, as some exchanges wll offer better rates than the others due to lack of liquidity.
1. Go to this Pancakeswap page. We use Pancakeswap as an example here. It is recommended to compare the exchange rate across different DEXes to ensure you are getting the best price.
2. Make sure the output currency is Moob. You can also copy and paste the Moob contract address into the output currency field to ensure you are swapping for the correct token.
image coming soon
3. You can select any input currency based on your available wallet balance. It is recommended to use BUSD as the input currency to minimize the slippage.
Image coming soon
4. Select the amount of MOOB you want to swap for. Then click "Approve" and sign the transaction.
5. After the "Approve" transaction has been processed successfully, click "Swap" and sign the transaction.
6. You should see MOOB in your wallet balance now after the swap transaction is successful. If you cannot find it in your wallet, add Moob contract address to your wallet.
The "Approve" transaction is only needed when you swap Moob for the first time; subsequent swapping only requires you to perform the "Swap" transaction.
How to Stake
Go to the Stake page of the MOOBDAO website. Select the "Stake" tab.
Enter the amount of MOOB that you would like to stake in the input field. If you would like to stake all your MOOB , press the "Max" button and the input field will be populated with all your available MOOB balance.
Click "Approve" and sign the transaction.
After the "Approve" transaction has been processed successfully, click "Stake" and sign the transaction. Voila, you have staked your MOOB !
How to Unstake
Go to the Stake page of the MOOBDAO website. Select the "Unstake" tab.
Enter the amount of sMOOB that you would like to unstake in the input field. If you would like to unstake all your sMOOB , press the "Max" button and the input field will be populated with all your available sMOOB balance.
Click "Approve" and sign the transaction.
After the "Approve" transaction has been processed successfully, click "Unstake" and sign the transaction.
Note: The "Approve" transaction is only needed when staking/unstaking for the first time; subsequent staking/unstaking only requires you to perform the "Stake" or "Unstake" transaction.
Reading the Info
APY tells you the annualized rate of return based on the reward yield. It takes into account the effect of compounding since sMOOB rebases exponentially.
TVL measures the dollar amount of all the staked MOOB in MOOBDAO .
Current Index allows you to track your gain from staking. The index started from 1 at epoch 0, and increases every epoch. If you staked at genesis (epoch 0) and never unstaked any MOOB , your balance today would be X times greater, where X is the current index. You can use the index to track your position by marking down the index number when you stake and unstake. You divide the index number when you unstake by the index number when you stake to get the ratio by which your sMOOB balance has increased.
Your Balance tells you how many unstaked MOOB are in your wallet. This is the maximum amount that you can stake.
Your Staked Balance tells you how many staked MOOB are in your wallet. This is the maximum amount that you can unstake.
Next Rebase tells you the remaining time until the next rebase.
Reward Yield tells you how much your sMOOB balance will increase when the next epoch begins. For example, if you stake 100 MOOB and the upcoming rebase is 0.5427%, your sMOOB balance would increase from 100 to 100.5427.
ROI (5-Day Rate) estimates how much your sMOOB balance will increase after 5 days, if the reward yield stays the same during this period. For example, if you stake 100 MOOB and the rate is 8.4577%, your sMOOB balance would increase from 100 to 108.4577 after 5 days.
Last updated
