Methera Docs
  • Introduction
  • Methera 101
    • Staking with Methera
      • MultiChain
      • Fees
      • yMETIS
      • wyMETIS
  • WHITEPAPER
    • Methera Roadmap
    • Events 🗓️
    • Meth Points szn
    • Oracles
    • Integrations ⛓️
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  1. Methera 101

Staking with Methera

  1. Deposit: Users deposit METIS into the Methera staking pool.

  2. Receive yMETIS: In exchange for staked METIS, users are issued yMETIS tokens, representing their staked amount.

  3. Earn Staking Rewards: The staked METIS continues to earn rewards on the Metis Andromeda network.

  4. Use yMETIS: Holders of yMETIS can participate in DeFi and continue to earn rewards across various networks and strategies while maintaining exposure to their original METIS staking rewards.

visual aids will be made available soon and added to serve as a step-by-step guide to interacting with methera

Benefits

Liquidity : While staked, your yMETIS can be used across multiple DeFi protocols, ensuring flexibility in asset utilization and capital efficiency.

Native Rewards : you continue to earn staking rewards from the native METIS network.

Decentralized Validation : Staking in Methera supports decentralized validation on Metis, securing the network.

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Last updated 6 months ago