Staking into the DDAO
Go to the Vote page on the platform. From here you will be presented with the Governance Staking page. See below for annotations on each element.
By staking VEMP to xVEMP you will qualify to be gifted fees from the vEmpire protocol. After depositing VEMP, you will receive, in return, xVEMP. At the time of swapping your xVEMP back, this returns your initial deposit, plus the VEMP gifted over time. You can stake or unstake to and from the DDAO at any time.
After approving VEMP and xVEMP, you will get the options to Stake, Withdraw, and Claim your VEMP rewards.
Staking L1 Tokens
Go to the World tab, and you can cycle through the different Layer 1 strategies to find the one you want to use.
Please note that you will not be able to withdraw any of the Layer 1 tokens you stake for at least the next 6–12 months. If you cannot afford to not have access to these funds for 12 months, DO NOT put them into this strategy. VEMP yield is immediate and the secondary yield will begin to be paid out upon profit realisations within the strategy. We are anticipating this to begin after 4–8 weeks.
Once you have approved the contract and the transaction is complete, you will be able to Stake your token, using the below as a guide.
About VEMP
The platform incorporates different staking strategies to incentivize numerous Layer 1 tokens, speeding up the invasion of gaming into web3. The protocol will reward stakers of ETH, BNB, FTM, and BUSD, with its token, VEMP alongside rewards in the token they staked.
