Staking Workflow

Here, we would like to explain the step-by-step approach to staking your $MEIJI.

The staking will work through our dashboard, with a simple user interface, and workflow, so anyone without any technical knowledge can start to stake their coins, start to earn token rewards, and see the financial projections of their reward distributions transparently.

Here is the step by step guidance for staking your $MEIJI tokens:

• Navigate to the MeijiDAO platform

• Connect your Ethereum wallet (Metamask, and other integrations will be included). You can see your $MEIJI token amount in the dashboard.

• Click "APPROVE" button to approve $MEIJI

• Once approved, you can see "STAKE" button. Click this button to stake $MEIJI in the staking section.

• Type the amount of tokens you want to stake, and press submit button.

• Accept the confirmation in your connected wallet. Once transaction is completed, you can see a increased balance in your dashboard displaying your current $MEIJI tokens that are staking.

• Click "CLAIM" button to get token rewards to your wallets

• Click "WITHDRAW" button to withdraw your $MEIJI after unlocked

Please check below to discover more details of how to stake/claim $MEIJI in locked farm & pools.

🚜Yield Farming🍯Lock Staking

While this workflow is the base user experience of MeijiDAO V1 staking mechanism, we will continue to add more robust features according to feedbacks that come from our customers in MeijiDAO V2.

For example: "Reward Calculator"

If you would like to see the financial projections of your stake, “Reward Calculator” tab in the dashboard will have more financial information and data such as; Projects that you will get token rewards from Daily, weekly, and monthly reward tokens you will get from each project according to your stake value Financial projections of the rewards you are generating, daily, weekly, and monthly according to the current market prices of your stake rewards.

MeijiDAO V1 supports only ERC20/BEP20 tokens on Binance Smart Chain because it's not integrated with cross-chain(for running on multiple chains) feature yet

If the project is not an ethereum based tokens, you will need to create new wallets through the wallets section of our dashboard's profile, so you can have compatible wallets for other layer 1 infrastructures' token types. We will cover it later in MeijiDAO V2.