Thanks to the recent collaboration between Earn Network and MODA, we're pleased to announce the launch of three pools on DeFi staking.
How to start staking $MODA?
Now, we will walk you through the simple process of interactions with MODA DeFi Staking pools, so you can easily stake your tokens and earn yield in a decentralized manner.
For the purposes of this guide, we will show you how to stake in 30-day locked pool. The staking process is the same for the 60-day pool and flexible pool.
1. Go to the one of MODA offers pages.
2. Click “Connect Wallet” - the MetaMask modal will appear. Right after connecting, you’ll be able to check your account balance together with funds that interact with our DeFi Staking pool.
NOTE: The first wallet supported by our platform is MetaMask. Make sure you have your funds there (MODA and ETH for fees) on the appropriate network supported by our pools.
3. Select the offer of your interest and click the “Stake” button next to it.
4. After clicking “Stake” a window will pop up. The next step is to input the number of tokens you wish to stake. Now you need to click “Approve MODA” as a first transaction, set the spending amount and then confirm it with your MetaMask wallet.
5. After the approval transaction is completed, click on the “Stake” button and confirm it again with your MetaMask wallet.
6. Congratulations! You have successfully staked your MODA tokens.
NOTE: You can always check the summary of your staked funds together with pending and available to claim rewards at the Wallet component.