Tutorial on how to stake GHST tokens and GHST USDC LP tokens from Quickswap in Aavegotchi to earn FRENS to exchange for wearable raffle tickets.
Staking refers to the process of locking up your cryptocurrency in return for rewards. This is no different in the Aavegotchi project. The native token, GHST, can be staked in the Staking Contract to earn FRENS.
FRENS are a non-transferable balance within the Aavegotchi Staking Contract. FRENS cannot be purchased. They are meant to reward stakers for their contributions to the Aavegotchi project. FRENS can then be converted into Raffle Tickets, which can be entered into periodic Raffles to win prizes.
Links:
- Aavegotchi Wearable Raffle 4 Details: https://aavegotchi.medium.com/layer2-lfg-raffle-4-details-announced-29ee1a61e9f9
- Staking on Aavegotchi.com: https://aavegotchi.com/stake
- What Is IMPERMANENT LOSS? (IMPORTANT FOR UNDERSTANDING RISKS OF PROVIDING LIQUIDITY) https://www.youtube.com/watch?v=8XJ1MSTEuU0
- Aavegotchi Wiki Page on Staking: https://wiki.aavegotchi.com/en/staking
- Providing Liquidity on Quickswap Exchange: https://quickswap.exchange/#/pool
- Farming QUICK tokens on Quickswap Exchange: https://quickswap.exchange/#/quick
- Statistics for Past Aavegotchi Raffles: https://wiki.aavegotchi.com/en/raffles-stats
- Locate top wearables for Aavegotchi rarity farming with https://aavegotchistats.com
- Programmable Wealth Website: http://10.0.0.14:32768