Staking
A brief introduction to staking, why it matters for this project, and how to stake your $BOTTO tokens.
Last updated
A brief introduction to staking, why it matters for this project, and how to stake your $BOTTO tokens.
Last updated
Staking $BOTTO in the Governance contract is also available on the Base network. Buy $BOTTO on Base, or follow this DAO Resources guide to bridge your existing mainnet tokens.
A simple way to understand staking would be seeing this as a 'deposit'. You 'deposit' (stake) your newly acquired $BOTTO into the Botto app.
In return, you generate Voting Points (VP). You are able to spend VP on voting for your favorite art pieces, which subsequently lets you influence Botto's artistic direction!
Staking a minimum of 100 $BOTTO makes you eligible for earning rewards per each round you engage with. You can stake on either Base or Mainnet. If you would like to enjoy the lower transaction fees that Base provides, you can find a guide on bridging to Base here.
Staking is relatively straightforward and is done in three easy steps.
Head over to the Botto application
Head over to Botto App and hit the Connect button.
Select Social Login, Metamask, or any of the other crytpo wallet options to log in or register.
Your wallet is now connected to Botto's application!
Start the Staking Process
First, go to the Staking page of the Botto App.
Once you hold $BOTTO, press theStake button.
Enter the quantity you'd like to stake (hit Max if you're not sure).
Then, hit the Approve button.
Note: If you are using social login wallet abstraction, there is no need for you to approve any transactions outside of the app. Just follow to "Step 2" and click Stake.
You'll need to hit Next and Approve on the notification box created by Metamask (or any crypto wallet extension you are using):
Please note a transaction fee may be incurred, which is why you needed to keep make sure you didn't exchange all of your ETH for $BOTTO in the previous step. If you want to benefit from lower transaction fees, interact with Botto using the Base network.
Once confirmed, you'll be brought to another screen, asking you to confirm your stake. Click the Stake button, and then hit Confirm on the MetaMask notification that pops up.
Note: If you are using social login, you will see the below screen directly after clicking Stake. Otherwise, jump to the next step.
That's it! You've staked your tokens. You'll now be able to participate in voting and earn rewards from it if you staked at least 100 $BOTTO.
