Staking EFX
Written by Hudson (Phankeys)
Last updated
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Written by Hudson (Phankeys)
Last updated
Was this helpful?
Okay, so you bought or received some EFX doing tasks in the and you would like to know what to do with them.
In this section we will cover "Staking". In crypto staking means locking up you funds -in this case EFX and/or NFX- in order to get rewards. So you lock up your EFX and NFX and for doing that you can become part of the EffectDAO.
Staking is also good for the price of the token. If you stake your EFX that means that there's less EFX in circulation, and in case demand is high the price goes up. It's all about demand and supply!
You can stake your EFX in the . Always make sure that you are visiting the correct link! You will need an and a wallet.
EFFECT DAO
The EFFECT DAO allows you to stake your EFX and NFX so you can become part of the DAO and get rewarded. In the Effect DAO you can:
your tokens
Make and get paid
Vote for the active proposals, if you are a Guardian.
Check the
Check and claim your .
