Governance staking is another way for ASH holders to benefit from holding ASH tokens. In simple terms, Governance staking means you can stake (or lock) ASH to get more rewards. The main advantages of staking ASH are:
- 1.Share 50% of the trading volume across all trading pools paid in LP-token of the main stablecoin pool.
- 2.Boost your ASH Emission APR across all your LP pools by up to 250%.
- 3.Vote in the AshDAO to govern the emission and other metrics.
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.
Your reward will be updated every 30 minutes on AshSwap testnet.
You can choose Stake the Reward for continue to farm, or choose Withdraw to get your Reward
At this step, now you will have 2 options:
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