Last updated
Last updated
In the RareArt project, participants can stake their $R4RE tokens to earn LP Tokens. These LP Tokens can then be staked to participate in the liquidity provision, supporting the ecosystem and being rewarded with ETH from the Rare Treasury. This process is designed to incentivize and reward the community for contributing to the project's liquidity and overall success. Here's a closer look at how LP Token staking works:
Earning Ethereum (ETH) Rewards
Mechanism: By staking LP Tokens, participants are rewarded with ETH. This reward system acknowledges the vital role that these stakeholders play in enhancing liquidity and stabilizing the ecosystem.
Distribution: The rewards are allocated proportionally, based on the quantity of LP Tokens each participant stakes. This equitable approach ensures rewards correspond with the level of contribution to the liquidity pool.
Benefit: Earning ETH offers immediate value, providing liquidity providers with a significant incentive that is both tangible and directly linked to the broader cryptocurrency market's success.
Supported by Rare Treasury
Source of Rewards: The ETH distributed to those staking LP Tokens is sourced from the Rare Treasury, reflecting the project's commitment to its community and the sustained growth of the ecosystem.
Sustainability and Growth: The Rare Treasury's role is pivotal, funded through various channels including transaction fees and profits from the RareArt project's physical business. This structure is designed to maintain the project's growth trajectory and ensure the longevity of rewards.
Community Impact: Stakeholders who participate by staking LP Tokens play a crucial role in the ecosystem, contributing to its liquidity. The Rare Treasury's backing underscores the value placed on these contributions and the shared goal of project success.
Earning LP Tokens: Initially, stake your $R4RE tokens to earn LP Tokens. This first step is crucial in participating in the project's liquidity provision.
Staking LP Tokens: Once you've earned LP Tokens, stake these through the RareArt platform. This process is straightforward, enabling participants to contribute to liquidity and qualify for ETH rewards.
Immediate Value through ETH Rewards: Participants are rewarded with ETH, providing an attractive incentive due to its established market value and liquidity.
Contribution to Project Stability: By staking LP Tokens, participants directly support the RareArt project's liquidity and stability, ensuring a robust and efficient market.
Backed by Rare Treasury: The commitment to reward LP Token stakers with ETH from the Rare Treasury highlights the project's dedication to its supporters and the strategic vision for long-term success.
