Stake FCTR
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Staking is the first step to towards Factor governance participation. By staking , users become eligible to vote on FactorDAO proposals as well as gain access to a host of other benefits such as 50% protocol revenue share and emission rewards weighted voting.
Navigate to the on the Factor dapp. This can be done via selecting the "Stake FCTR" tab on the navigation bar.
The amount of veFCTR you will receive for your selected staking amount and duration is displayed at the bottom.
That's it! You are now ready to vote on various FactorDAO governance proposals as well as benefit from various Factor ecosystem incentives.
You will be able to view basic information about staked FCTR on this page. This includes your own balance, if any.
If this is your first time staking with Factor, you will be required to approve the governance contract. This requires a signature as it allows the contract to manage your tokens.
Enter the amount of tokens to be staked and you should be prompted to approve the contract for the specified amount.
Once approval has been given, you can then select your staking duration which ranges from a minimum of 1 week all the way to a maximum of 2 years. The longer your stake, the more you will receive thereby representing a greater share of votes as well as rewards allocation. The received from staking can only be unstaked following the selected staking period.
Upon selecting the "Stake" button, you will be prompted to sign the transaction in your wallet. Once the transaction is confirmed, you will be able to view your new and balance.
