Lynn Brooke40 Acres - Overview
40 Acres introduces a new era of utility for veNFT holders, going beyond voting to unlock liquidity, automation, and passive income. Designed for users of veAERO and veVELO, this protocol enhances the way you interact with your locked assets - allowing you to borrow against them, automate compounding of rewards, and earn through lending. 🔍 What you will find in this article:What you need.Borrowing with veNFTs (without liquidation risk).How auto-compounding works.Earning yield through USDC le...
Lynn BrookeGetting Started with Rabby Wallet Mobile App
After familiarizing yourself with installing and starting the Rabby browser extension and the Rabby Desktop app, it's time to explore the Rabby Wallet's mobile application. Expanding the Rabby Wallet ecosystem to mobile devices enhances accessibility and convenience for managing digital assets on the go. This guide will specifically focus on importing a MetaMask address and adding a watch-only address. Quick Safety Tip for Mobile Wallets: When using mobile wallets, consider keeping ...
Lynn BrookeBridging xVELO to VELO: A Simple Guide
With Velodrome expanding as the Superchain hub, it has introduced xVELO as the token for non-Optimims networks like Ink, Soneium, and Mode. However, if you are looking to convert xVELO into VELO on Optimism, this guide will walk you thorugh two methods to get it done efficiently. 📌 What you will find in this article:How to swap xVELO to VELO using Velodrome’s native swap feature.How to use vFAT Tools as an alternative method.Useful tips for a smooth conversion process.✅ What you need:A walle...
✨Lynn Brooke exploring DeFi's world✨ Here I share simple how-to's from my experiences, easing the way for fellow DeFi explorers
Lynn Brooke40 Acres - Overview
40 Acres introduces a new era of utility for veNFT holders, going beyond voting to unlock liquidity, automation, and passive income. Designed for users of veAERO and veVELO, this protocol enhances the way you interact with your locked assets - allowing you to borrow against them, automate compounding of rewards, and earn through lending. 🔍 What you will find in this article:What you need.Borrowing with veNFTs (without liquidation risk).How auto-compounding works.Earning yield through USDC le...
Lynn BrookeGetting Started with Rabby Wallet Mobile App
After familiarizing yourself with installing and starting the Rabby browser extension and the Rabby Desktop app, it's time to explore the Rabby Wallet's mobile application. Expanding the Rabby Wallet ecosystem to mobile devices enhances accessibility and convenience for managing digital assets on the go. This guide will specifically focus on importing a MetaMask address and adding a watch-only address. Quick Safety Tip for Mobile Wallets: When using mobile wallets, consider keeping ...
Lynn BrookeBridging xVELO to VELO: A Simple Guide
With Velodrome expanding as the Superchain hub, it has introduced xVELO as the token for non-Optimims networks like Ink, Soneium, and Mode. However, if you are looking to convert xVELO into VELO on Optimism, this guide will walk you thorugh two methods to get it done efficiently. 📌 What you will find in this article:How to swap xVELO to VELO using Velodrome’s native swap feature.How to use vFAT Tools as an alternative method.Useful tips for a smooth conversion process.✅ What you need:A walle...
✨Lynn Brooke exploring DeFi's world✨ Here I share simple how-to's from my experiences, easing the way for fellow DeFi explorers
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Following our previous article “Staking on Extra Finance” which detailed how to initiate a lock with your EXTRA tokens, this piece will guide you through managing that lock to optimize your holdings.
What you will find in this article:
What you need:
Staked EXTRA tokens: you must have already staked EXTRA tokens on Extra Finance, which essentially means having an active Lock. If you haven’t done this yet, see my guide on Staking on Extra Finance to get started.
Understanding you Lock management options:
Once you have established a lock by staking EXTRA tokens, you can manage it directly from the “Stake” section on Extra Finance’s main page. Here’s how to control your investment:
1)Access your Lock: navigate to the “My Balances” section to view detailed information about your lock.
2)Management actions: below your balance details, you will find several options:
Increase: add more EXTRA tokens to your Lock.
Extend: prolong the duration of your Lock.
Maximize duration: automatically extend the Lock to the maximum allowable time.
Unlock: retrieve your tokens once the lock period expires. This option becomes available only at the end of the locking time.
Claiming Weekly Rewards
Earning rewards is a pivotal aspect of locking your tokens. Here’s how you can claim these incentives:
1)Eligibility: rewards accrue after your Loc surpasses a full epoch, with distributions based on token emissions and accumulated protocol fees from last epoch, payable in EXTRA tokens. Epoch transitions occur every Thursday at 00:00 GMT, marking the distribution of rewards.
2)View rewards: go to “Pending Rewards” on the “Stake” section to see the EXTRA tokens awarded to you.
3)Claim options:
Claim: transfer your rewards directly to your wallet.
Claim and Lock: reinvest your rewards by adding them back to your Lock, enhancing your staking amount.
4)Leveraging rewards: consider using your rewards to participate in other protocol activities, like depositing into a lending pool on Extra Finance, to further amplify your earnings. For more insights on leveraging these options, refer to “Extra Finance Lending: Amplify Your Earnings”.
This guide not only helps you manage your staking effectively but also ensure you are well-equipped to make informed decisions about your rewards and reinvestments on Extra Finance.
Lynn Brooke
This article serves educational purposes and is not financial advice. We encourage you to do your own research and be responsible for your actions in the financial space.
Following our previous article “Staking on Extra Finance” which detailed how to initiate a lock with your EXTRA tokens, this piece will guide you through managing that lock to optimize your holdings.
What you will find in this article:
What you need:
Staked EXTRA tokens: you must have already staked EXTRA tokens on Extra Finance, which essentially means having an active Lock. If you haven’t done this yet, see my guide on Staking on Extra Finance to get started.
Understanding you Lock management options:
Once you have established a lock by staking EXTRA tokens, you can manage it directly from the “Stake” section on Extra Finance’s main page. Here’s how to control your investment:
1)Access your Lock: navigate to the “My Balances” section to view detailed information about your lock.
2)Management actions: below your balance details, you will find several options:
Increase: add more EXTRA tokens to your Lock.
Extend: prolong the duration of your Lock.
Maximize duration: automatically extend the Lock to the maximum allowable time.
Unlock: retrieve your tokens once the lock period expires. This option becomes available only at the end of the locking time.
Claiming Weekly Rewards
Earning rewards is a pivotal aspect of locking your tokens. Here’s how you can claim these incentives:
1)Eligibility: rewards accrue after your Loc surpasses a full epoch, with distributions based on token emissions and accumulated protocol fees from last epoch, payable in EXTRA tokens. Epoch transitions occur every Thursday at 00:00 GMT, marking the distribution of rewards.
2)View rewards: go to “Pending Rewards” on the “Stake” section to see the EXTRA tokens awarded to you.
3)Claim options:
Claim: transfer your rewards directly to your wallet.
Claim and Lock: reinvest your rewards by adding them back to your Lock, enhancing your staking amount.
4)Leveraging rewards: consider using your rewards to participate in other protocol activities, like depositing into a lending pool on Extra Finance, to further amplify your earnings. For more insights on leveraging these options, refer to “Extra Finance Lending: Amplify Your Earnings”.
This guide not only helps you manage your staking effectively but also ensure you are well-equipped to make informed decisions about your rewards and reinvestments on Extra Finance.
Lynn Brooke
This article serves educational purposes and is not financial advice. We encourage you to do your own research and be responsible for your actions in the financial space.
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