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
Staking on Moonwell provides the opportunity to earn rewards, engage in governance, and contribute to the protocol’s security by locking their WELL or MFAM tokens. In exchange, stakers receive stkWELL or stkMFAM tokens, which represent their staked assets and can be used for governance purposes.
In this guide, we will walk through the process of staking on Moonwell, covering how to navigate the platform and stake your tokens securely.
What you will find in this article:
What you need:
A connected wallet.
WELL or MFAM tokens ready to stake.
HOW TO STAKE
1)Access the staking interface:
Navigate to the “Stake” option from the top navigation bar of the Moonwell platform.
2)Select network: once on the staking page, choose the network corresponding to the token you want to stake:
WELL tokens: available on Base, Optimism, and Moonbeam.
MFAM tokens: available on Moonriver.
3)Enter amount: in the staking modal, enter the amount of WELL or MFAM tokens you want to stake. You can stake any amount up to your wallet’s available balance.
4)Approve and confirm:
After entering the amount, click “Approve Staking” to authorize the transaction. Follow the prompts in your wallet to grant permission and finalize the staking process.
Once approved, confirm the transaction by clicking “Confirm Stake”.
5)Completion: after the transaction is confirmed. you will receive stkWELL o stkMFAM tokens in a 1:1 ratio to the amount staked.
Staking on Moonwell is a simple way to maximize your assets while participating in the growth and security of the platform. By following these steps, you can seamlessly stake your WELL or MFAM tokens and begin earning rewards.
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.
Staking on Moonwell provides the opportunity to earn rewards, engage in governance, and contribute to the protocol’s security by locking their WELL or MFAM tokens. In exchange, stakers receive stkWELL or stkMFAM tokens, which represent their staked assets and can be used for governance purposes.
In this guide, we will walk through the process of staking on Moonwell, covering how to navigate the platform and stake your tokens securely.
What you will find in this article:
What you need:
A connected wallet.
WELL or MFAM tokens ready to stake.
HOW TO STAKE
1)Access the staking interface:
Navigate to the “Stake” option from the top navigation bar of the Moonwell platform.
2)Select network: once on the staking page, choose the network corresponding to the token you want to stake:
WELL tokens: available on Base, Optimism, and Moonbeam.
MFAM tokens: available on Moonriver.
3)Enter amount: in the staking modal, enter the amount of WELL or MFAM tokens you want to stake. You can stake any amount up to your wallet’s available balance.
4)Approve and confirm:
After entering the amount, click “Approve Staking” to authorize the transaction. Follow the prompts in your wallet to grant permission and finalize the staking process.
Once approved, confirm the transaction by clicking “Confirm Stake”.
5)Completion: after the transaction is confirmed. you will receive stkWELL o stkMFAM tokens in a 1:1 ratio to the amount staked.
Staking on Moonwell is a simple way to maximize your assets while participating in the growth and security of the platform. By following these steps, you can seamlessly stake your WELL or MFAM tokens and begin earning rewards.
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.
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...
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✨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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