TODAY: STAKE RAE TO EARN REWARDS

Rokfin
2 min readMar 31, 2022

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Launching the Rokfin Staking Reward Pool

As part of Operation Raemundo, starting today, March 31, 2022, we are introducing a 6-month staking pool to further reward RAE holders.

Why Would I Stake?

You will never leave the reward pool with less RAE than you staked. There is no impermanent loss.

By staking your RAE into the rewards pool, you receive xRAE. While staked, your RAE rewards for your xRAE are continuously compounding.

When you unstake your xRAE, you will receive ALL your initially deposited RAE in addition to any rewards from the rewards pool. Meaning the longer you hold, the more RAE in your wallet.

How Big is the Rewards Pool?

Every day, an amount equivalent to 25% of all of the RAE burned on the network is distributed to the rewards pool. This is in addition to the $1 of RAE burned (forever) for each dollar transacted on the network.

How Do I Stake My RAE?

  1. Go to https://rokfin.com/stake and Connect Your Wallet*. There you can Stake RAE, turning it into xRAE to earn part of the rewards pool.
  2. Hit Stake RAE and enter the amount of RAE you want to stake (or click Max for all). You need to “Approve” the RAE token the first time you stake.
  3. Confirm in your wallet
  4. Kick back and let your RAE earn more RAE

*For Coinbase Wallet users, Connect Your Wallet following the below steps:

  • Log in to your Coinbase Wallet app on your phone.
  • Click the 4 squares to open the Coinbase Wallet browser.
  • Type rokfin.com/stake hit enter. You’ll click the “Metamask” option in your Coinbase Wallet browser here. Once connected, return to the directions above.
  • If you are using Coinbase Wallet and getting an error signing in with Google, that is a known issue being worked on. In the meantime, create a new free Rokfin account and use that to stake.

How Do I Unstake?

  1. When you are ready to receive all of your original stake, plus any RAE continuously compounded rewards, go to https://rokfin.com/stake and Connect Your Wallet.
  2. Hit Unstake RAE and enter the amount of xRAE you want to remove from the reward pool.
  3. Confirm in your wallet
  4. Enjoy!

Want to talk to other RAE holders? Join our Discord

Learn more about RAE at https://raetoken.org/

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Rokfin
Rokfin

Written by Rokfin

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