How to Stake MoC Tokens on Money On Chain | Scribe

    How to Stake MoC Tokens on Money On Chain

    • Art of Tomas |
    • 7 steps |
    • 57 seconds
      1
      Go to the Money on Chain Dapp and click on the "MoC token" logo in the side left menu.
      2
      Here you can see the amount that you already have staked (This will be 0 the first time you do this), the amount in your wallet that is available to be staked and the yearly earnings your tokens would generate (9.97% at the time of writing).
      3
      Type in here the amount of MoC you would like to stake.
      4
      Next click on "Stake".
      5
      Click on "Confirm".
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      Alert! Remember that it will take 30 days to unstake your tokens. So make sure you won't need them in that span of time before moving forward.
      6
      All there is left to do now is confirm the transaction in your wallet.
      7
      Once the transaction goes through just click on "Close" and you are done.
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      Tip! Nicely done! now you should have staked MoC tokens which will earn passively more tokens! And Staked MoC also grants you voting power over the Money on Chain protocol itself. Remember that MoC uses auto-compounding, so all your earned MoC will automatically stake and earn you even more rewards!