Bonus Staking
Last updated
Last updated
We have a with !
Dark Knight will operate the following pools:
-Stake dKnight -> Earn MP -Stake -> Earn dKnight -Stake MP/FTM LP -> Earn dKnight
This will allow MP stakers to receive double rewards: you get rebase staking rewards on MP, and you also get bonus dKnight tokens for staking at Dark Knight!
Dark Knight will also be bootstrapping further MP liquidity through its MP/FTM LP farm. Please be aware of the transaction tax on sending to LP pairs!
The staking program at Dark Knight enables the following cycle:
Receive MP by buying from the market or as a staking reward on Dark Knight
This cycle gives MP stakers double rewards! You get both MP rebase staking benefits and dKnight bonus yield.
MP on MiniPanther, automatically receive sMP receipt tokens
sMP to receive wsMP, a container token that receives all of MP’s rebases
Stake wsMP on to receive dKnight tokens
Stake dKnight tokens on to receive MP
This is because the token represents the value of MP plus all of its rebase staking rewards. You receive rebase staking rewards with wsMP the way you do with sMP (the regular staked MP token), but the number of tokens stops changing during every rebase when you wrap.
