Staking
Last updated
Last updated
DreyerX Staking is a feature that allows users to lock their $DRX tokens in a staking pool for a fixed period to earn rewards in $DRX tokens. It incentivizes users to support the DreyerX ecosystem by offering attractive Annual Percentage Yields (APY) based on the staking duration. The staking platform is designed to be secure, user-friendly, and helps participants grow their token holdings while contributing to the network’s stability.
Follow these simple steps to start staking your $DRX tokens on the DreyerX Launch Pool and earn rewards:
Access the Staking Platform Open the staking platform via this link https://stake.dreyerx.com
Connect Your Wallet To connect your wallet to the DreyerX Staking platform, click the wallet icon at the top-right corner and select your wallet. Use MetaMask for desktop or Trust Wallet for mobile. Make sure your wallet has $DRX and enough ETH for transaction fees. Once connected, your wallet address will appear, and you can start staking.
Select a Staking Priod Choose a staking period that suits your preference: 7 days, 21 days, or 30 days. Each option offers different rewards based on the lock duration. Select the desired period by clicking on it before proceeding to stake your $DRX tokens.
Enter Staking Amount Enter the amount of $DRX tokens you want to stake in the provided input box. You can manually type the amount or click the Max button to stake your entire token balance. Make sure you have enough tokens in your wallet before proceeding.
Approve the Staking Contract To begin staking, you need to approve the staking contract. Click the Approve button to grant permission for the staking contract to access your $DRX tokens. Once the transaction is confirmed in your wallet, you will be able to proceed with staking your tokens.
Stake your tokens After approving the staking contract, enter the desired amount of $DRX tokens you wish to stake and click the Stake button. Confirm the transaction in your wallet, and your tokens will be successfully staked in the selected staking pool.
Afet the staking priod ends, your rewards will be displayed in the "Pending Reward" section
Click the "Claim Reward" button.
Confirm the transaction in your wallet to receive your $DRX rewards.
Ensure the Staking Priod Has Ended You can withdraw your staked tokens once the lockup priod has conclude
Use the Emergency Withdraw If the staking priod is still ongoing and you need to withdraw your tokens earlier, you can use Emergency WIthdraw feature. Please note! this will incur on exit penalty of 4% on the amount withdrawn.
Click the "Withdraw" or "Emergency Withdraw" Once the above conditions are met, click the "Withdraw" or "Emergency Withdraw" button to retrieve your staked $DRX tokens.
Confirm Transaction in Your Wallet After clicking "WIthdraw" or "Emergency Withdraw", make sure to check your staking duration to choose the appropiate withdrawl method.
