DCAR Staking and Bonding💵
"This wise man observed that wealth is a tool of freedom. But the pursuit of wealth is the way to slavery."

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Once you enter Grom's Bank, you will be able to stake DCAR or mint a limited edition NFT that will emit a particular amount of DCAR.

Stake DCAR to earn platform revenues

By staking your DCAR with Grom's Bank, you will earn a share of platform revenues in the form of DCAR and DCAU (dual rewards!).

How to stake DCAR

  1. 1.
    Navigate to Grom's Bank. Select the "Stake" tab.
  2. 2.
    Enter the amount of DCAR that you would like to stake in the input field. If you would like to stake all your DCAR, press the "Max" button and the input field will be populated with all your available DCAR balance.
  3. 3.
    Click "Approve" and sign the transaction.
  4. 4.
    After the "Approve" transaction has been processed successfully, click "Stake" and sign the transaction. Voila, you have staked your DCAR! Enjoy your rewards!

How to unstake DCAR

  1. 1.
    Navigate to Grom's Bank. Select the "Unstake" tab.
  2. 2.
    Enter the amount of DCAR that you would like to unstake in the input field. If you would like to unstake all your DCAR, press the "Max" button and the input field will be populated with all your available DCAR balance.
  3. 3.
    Click "Approve" and sign the transaction.
  4. 4.
    After the "Approve" transaction has been processed successfully, click "Unstake" and sign the transaction.
Note: The "Approve" transaction is only needed when staking/unstaking for the first time; subsequent staking/unstaking only requires you to perform the "Stake" or "Unstake" transaction.

Mint DCAR

How to mint DCAR

The Mint page allow users to mint a limited edition NFT from the protocol by trading it with i) liquidity (LP tokens) or ii) other assets. This limited edition NFT can then be staked and will earn a limited amount of DCAR over its lifespan. The amount of DCAR received via this mechanism will be worth more than if you had bought the same value of DCAR. E.G, if this NFT cost 100 dollars, you could get 120 dollars worth of DCAR over time (Numbers are just examples)
Liquidity minting helps the protocol to accumulate and lock liquidity, while reserve minting allow the protocol to grow its treasury, and thus its Backing per DCAR faster.
  1. 1.
    Go to Mint page and click on "Mint limited edition NFT". NOTE: This will not always be present if they are sold out.
  2. 2.
    Select the amount that you would like to mint.
  3. 3.
    Click "Approve" and sign the transaction.
  4. 4.
    After the "Approve" transaction has been processed successfully, click "Mint" and sign the transaction. Voila, you have minted a limited edition NFT!
Notes:
  • The "Approve" transaction is only needed when minting for the first time; subsequent minting only requires you to perform the "mint" transaction.
  • When using Settings, do not alter the mint amount after you have closed the Settings menu, as it will reset the recipient address.

How to redeem DCAR once it has vested

  1. 1.
    Go to the Stake page.
  2. 2.
    Use the Claim button to claim all of your available rewards, and have the vested DCAR sent to your wallet.
  3. 3.
    Use the Claim and Autostake button to have all the available DCAR sent automatically to the staking contract !
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On this page
Dashboard
Stake DCAR to earn platform revenues
How to stake DCAR
How to unstake DCAR
Mint DCAR
How to mint DCAR
How to redeem DCAR once it has vested