MCP staking is now live! Join our community and participate. Help build the MCP ecosystem and get rewarded.
What is Deflationary Farming?
Deflationary Farming is Farming $MCP to earn $MCP even without minting new tokens. $MCP has dedicated 8 million tokens as staking rewards over the next 2 years — unlocked at a rate of 4% every month. 320k tokens will be rewarded as staking rewards. APY is decided by the total value locked.
What are available pools at Launch?
MCP — WETH
MCP-USDT (coming soon)
Steps to follow:
You need to use a ERC-20 wallet like MetaMask to stake. You can’t stake from Bilaxy.
1) Go to stake.mycryptoplay.com
2) Select MCP — WETH pool
3) Add liquidity to MCP — WETH pair on UniSwap to get MCP-ETH UNI-V2 tokens.
4) Click on stake and choose the amount of MCP-WETH UNI-V2 tokens
5) Start earning $MCP rewards
Add/remove liquidity for MCP — WETH pair ->
Things to remember :
👉Every time you stake and unstake MCP-ETH UNI-V2 LP tokens, the contract will automatically harvest MCP rewards for you.
👉Liquidity Token is locked and withdrawals will be available 15 days after depositing to the pool.
👉50% of your MCP rewards will be unlocked immediately when harvesting. The remaining 50% will be unlocked within the next 15 days.
ps. the minor lay out issues will be fixed asap (APY being shown in farm-wethlp sub menu & MCP block per reward)
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