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Bonus Staking

We have a bonus staking partnership with Dark Knight!
Dark Knight will operate the following pools:
-Stake dKnight -> Earn MP
-Stake wsMP -> 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:
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Receive MP by buying from the market or as a staking reward on Dark Knight
​Stake MP on MiniPanther, automatically receive sMP receipt tokens
​Wrap sMP to receive wsMP, a container token that receives all of MP’s rebases
Stake wsMP on Dark Knight to receive dKnight tokens
Stake dKnight tokens on Dark Knight to receive MP
This cycle gives MP stakers double rewards! You get both MP rebase staking benefits and dKnight bonus yield.
This is because the wrapped staked MP (wsMP) 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.
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Last modified 1yr ago