Moving away from LP competition, Stake your ALGO/DPANDA LP tokens with AlgoStake
Greetings from the Dopeverse!
After 8 amazing weeks of our LP contest, the LP contest has now come to an end. What started out as a 4 week competition, turned into a very successful LP rewards program!
In light of that, we have decided to make our LP rewards permanent and reward our LP holders 60,000,000 DPANDA for the next 9 months.
As voted by our community, AlgoStake has been chosen as the preferred staking option for the ALGO/DPANDA LP, and all our LP holders can now start staking their ALGO/DPANDA tokens on Algostake.
The following article shares instructions on staking with AlgoStake and a detailed reward distribution schedule.
To learn more about the DPANDA token and additional liquidity staking options, visit https://dopepanda.org/tokenomics
Reward Schedule
Our LP rewards will be distributed
1.
Balance: 60,000,000 → 55,000,000
Reward: 200 DPANDA / LP Token
2.
Balance: 55,000,000 → 45,000,000
Reward: 175 DPANDA / LP Token
3. Current Reward Tier
Balance: 45,000,000 → 35,000,000
Reward: 125 DPANDA / LP Token
4.
Balance: 35,000,000 → 25,000,000
Reward: 100 DPANDA / LP Token
5.
Balance: 25,000,000 → 15,000,000
Reward: 80 DPANDA / LP Token
6.
Balance: 15,000,000 → 10,000,000
Reward: 65 DPANDA / LP Token
7.
Balance: 10,000,000 → 5,000,000
Reward: 50 DPANDA / LP Token
8.
Balance: 5,000,000 and below
Reward: 25 DPANDA / LP Token
How to Stake ?
Follow the instructions below to start staking your DPANDA tokens on AlgoStake.
1. Visit AlgoStake APP @ https://app.algostake.org
2. Connect your Wallet
Connect your wallet with the top right button “Connect Wallet”.
Once selected you will see a prompt with 2 wallet options, choose the right wallet option for you and verify the transaction.
3. Navigate & Setup your DPANDA-ALGO Claim
To setup staking, you need to visit the ‘Claim’ page on the AlgoStake app.
Within the Claim page, for the first instance, you will see DPANDA-ALGO as an qualified stake option. If you don’t see DopePanda as an available claim option, make sure you are holding over 100 ALGO/DPANDA LP tokens.
4. Withdraw your rewards on a daily basis
After selecting ‘Claim’, Dope Panda will be listed under ‘My Claims’. Your rewards will start accumulating at the end of each day, and you may click ‘Withdraw’ to claim your DPANDA rewards.
Have Questions ?
Reach out to our team at team@dopepanda.org or connect with us at any of our social channels.
About DopePanda
DopePanda aims to bridge DeFi and Crowdfunding with the Creator Economy. Leveraging the power of fractional NFTs and our unique approach to subscriptions; creators can seamlessly share, monetize content and engage with their audience.
