Staking on the YOLO dApp

YOLO designed a decentralized application to award long-term investors and liquidity providers with more $YOLO tokens. This allows the community to form partnerships with other projects. Furthermore, it helps to grow its underlying value as it creates liquidity and trading opportunities.

That’s all well and good but how exactly do you stake?

To add liquidity on PancakeSwap you must first own some YOLO as well as one of the supported tokens on our dApp, the ratio is 50–50, so the value of both tokens must be equal. You can click this link if you want to stake BNB-YOLO. If you want to add another pairing, just change BNB into whatever you want to pair it with.

Pick your pool (Time + Token), put in the amount you would like to stake. Press the “Approve” button and accept the transaction. And finally, press the stake button and accept the transaction. (Note trust wallet is not supported)

Claiming has no tax (other than the natural 10% on token transfer), however unstaking early has a heavy tax. That is how it incentivizes the community to remain staked for the long run.

That’s it you should now be staked, underneath each pool, there should be a timer to see the lockup period of your funds.

Community Run Project! Its main purpose is to create a rug-free environment on the BSC. Its use-case and intrinsic value comes mainly through advertisements.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store