ADAO Staking
Can you stake ADAO yet?
ADAO staking is available through the AlgoDAO interface and on compatible wallets. To find out how to stake ADAO please visit our staking guide here.
What are the benefits of staking?
Staking ADAO provides you with some major benefits. Firstly, staking lets you participate in IDOs of projects launching on AlgoDAO.
Secondly, it earns you $SIGMA tokens through farming. This, in turn, gives you exposure to all the project tokens from the SIGMA pool. Therefore, you get a chance to get tokens of projects that launch through AlgoDAO without direct participation in their IDOs
Learn more about SIGMA pool here
Where can I stake ADAO?
You can start staking on the staking page. https://app.algodao.fi/staking
What wallet will I need for staking?
My Algo Wallet
AlgoSigner Wallet
Pera Wallet
Do I pay a fee to stake?
No, staking your ADAO tokens does not incur any fees. You can be charged a regular Algorand transaction fee.
How many ADAO tokens do I need to stake?
There are no minimum or maximum staking amounts. You can stake as many ADAO tokens as you want. However, you should note that the more ADAO tokens you stake, the more staking benefits you get.
I want to add newly bought ADAO tokens to my current stake, does this incur additional fees?
No, you do not need to pay any additional fees
Do I need to unstake and then stake again?
No, but you will be charged a 5% anchor charge for unstaking.
What is the ADAO Charge?
Users incur an ADAO Charge of 5% when they unstake
Why is there a cast-out fee?
The cast-out fee, called ADAO Charge, operates as a measure to prevent sell pressure after an IDO has finished. Furthermore, it is responsible for ADAO deflationary tokenomics.
Is ADAO staking related to Uniswap liquidity mining?
No, ADAO is ASA operating on Algorand blockchain hence unrelated to Ethereum and its DEX Uniswap
What are the exact staking requirements?
ADAO is a community-driven project and exact staking requirements will be DAO determined as the project develops.
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