Staking on Roobee DAO
Last updated
Was this helpful?
Last updated
Was this helpful?
On the 'Staking' page, you can stake bROOBEE to receive xROOBEE tokens.
This quick guide will take you through the process of staking ROOBEE on Roobee DAO.
Step 1
When you first visit Roobee DAO, you will see a pop-up window that will prompt you to connect your web3 wallet. We recommend using MetaMask - the most popular crypto wallet browser extension.
Step 2
Once your wallet is connected, go to 'Staking'.
Step 3
On the 'Staking' page, you can view all the info and statistics on staking. To stake your bROOBEE and get xROOBEE tokens, hit the 'Stake' button.
Step 4
In the pop-up window, enter the amount of bROOBEE you want to stake and choose one of the following staking options:
Basic: no-fixed-period bROOBEE staking.
With this option, you can stake bROOBEE tokens for any period and withdraw them at any time. However, once you unstake and withdraw your bROOBEE, the granted xROOBEE tokens will be removed from your balance.
Year: 365 days bROOBEE staking.
If you choose this option and stake bROOBEE for 365 days, you will receive xROOBEE tokens that you can keep and use for voting for an unlimited time.
Step 5
Now that you've entered the amount of bROOBEE for staking and selected a staking option, click on 'Approve' and confirm the transaction via your wallet.
Step 6
Once the transaction is confirmed, you can stake your bROOBEE tokens. To do so, hit the 'Stake' button and confirm the transaction.
Step 7
If you have completed the process successfully, the 'Staking' page will display the updated information on staking.
The 'DAO stats' section shows the amount of bROOBEE currently staked by a user. In the 'Wallet Holdings' section, you can check the amount of xROOBEE that you can use for voting.
At the bottom of the page, you will see the amount of bROOBEE you've earned so far as staking rewards (Governance Reward bROOBEE).
Please note:
Roobee DAO is built on Binance Smart Chain. In order to stake bROOBEE or vote, you will need to transfer bROOBEE from the Ethereum blockchain to BSC.
xROOBEE tokens can be used only for voting on Roobee DAO and cannot be traded.
If you stake your bROOBEE tokens for 365 days, you won't be able to withdraw them until the staking period has ended.
Once you've received xROOBEE, you can use them for voting on the ' Voting' page. To learn more about the process of voting, please check out our guide via the link
