Staking LP tokens into the gauge
To be able to earn weekly VOLT emissions, users will have to stake the LP tokens they received after adding liquidity.
IMPORTANT – Lockers can attach a veVOLT NFT to gauges to receive a boosted reward rate on deployed liquidity.
Attaching a NFT to a gauge will provide a reward boost on deposits in the corresponding liquidity pool.
The reward boost is subject to a variable rate that depends on several factors including;
- Current price of tokens,
- Token boosted APR,
- VOLT locked in your veVOLT,
- % of TVL using veVOLT, and
- Total gauge TVL.
When a user stakes LP tokens for the first time, the user has to undergo 2 approvals;
- 1.Approve spend of LP Token by Voltswap smart contract
- 2.Stake LP tokens in the gauge to earn weekly VOLT emissions
Last modified 1yr ago