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Governance Staking Guide
To participate in Governance Staking, you first need to stake (or lock) your ASH tokens by clicking Add / Manage Stake button.
Put in the amount of ASH you wish to lock, then specify the lock period. You will receive veASH in exchange for locking your ASH. The longer you lock, the more veASH you will receive, which directly influences your potential yield boost.
Your locked ASH will not be eligible for withdrawal before the locked period.
If you have more ASH, either by buying ASH or Harvesting from your staked LP pool, you can choose to lock them to boost your reward even more. You can also choose to extend your lock period for the current locked ASH.
Once you are happy with your choice, click Stake and confirm the transaction in your wallet.
By locking ASH, you can earn from 50% of the trading fees across all pools at AshSwap. Your reward will be denominated in the form of LP token of the main pool, which you can swap back to a stablecoin or any tokens of your choice.
Your LP-token reward is shown in the UI. Click
Harvestto claim your reward.
Governance Staking Reward formula:
Your Governance Staking Reward = 50% Trading Fee x your veASH Capacity
This week we have a total of $200 trading fee. The reward for veASH holders is 50% of the total trading fee and our veASH capacity is 1%. Enter the formula:
Your Governance Staking Reward value = $100 x 1% = $1
Your LP-token reward is shown in the UI. Click Harvest to claim your reward.
- Your reward will be updated at 00:00 every Thursday on AshSwap Mainnet (and every 30 minutes on AshSwap Devnet).
- If you do not see your reward at 00:00 Thursday or you see the Harvest button light up but the reward is still $0.00, it could be because your reward is too small to appear on the UI.
- Your veASH weight gradually decreases as your escrowed tokens approach their lock expiry. Does it mean users will lose money everyday? Of course not, when your veASH decreases to 0. It also means that the lock period of your ASH is over. You can withdraw your staked ASH right away. However, If you want to keep your veASH stays on the maximum, just extend your lock period.
At this step, now you will have 2 options:
Last modified 3mo ago