Interested in earning rewards on your PUSH tokens? Read below 👇
What is PUSH Staking?
In the world of cryptocurrencies, staking has become a common practice. Staking is essentially locking up your cryptocurrency in exchange for rewards. It’s a popular way to earn rewards and support the network or protocol you're invested in. The PUSH token, the native token of Push Protocol, is no exception.
With Push Staking V2, $PUSH token holders can stake directly into the Push Core V2 contract to earn rewards directly from the Push Fee Pool. This means stakers can earn incentives as the protocol continues to flourish. You can stake any amount of PUSH to receive rewards and a slice of the fees earned by the protocol.
Begin staking 👉 https://app.push.org/yieldv2
How to stake PUSH tokens?
🔔 Push Fee Pool Staking
The Push Fee Pool collects $PUSH tokens as fees for Push Notifications and channel-related actions, including initiations and changes. These fees are hence distributed to all stakers in the Core V2 smart contract. As the protocol grows with more channels, so do the fees and incentives that Push Fee Pool stakers can receive.
Follow the simple steps below to Stake to Push Fee Staking Pool:
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Go to the Yield Farming V2 Page on PUSH Dapp 👉 https://app.push.org/yieldv2
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Connect your wallet (EVM for now) in the top right-hand corner of the UI.
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Sign the approval message(signature request) that pops up in your wallet, and you should be connected.
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Below ‘PUSH Fee Staking Pool’, click on the “Stake $PUSH button”.
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Then, simply click on the “Approve PUSH” button to approve the transfer of your tokens.
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Once completed, you should have the option to click the “Deposit” button immediately.
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You should then see the correct amount that you just staked in the UI after successfully executing your transaction.
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Once your tokens are staked, you will start earning rewards every epoch in the form of $PUSH.
Unstaking $PUSH Tokens
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To initiate the process of unstaking from the staking pool, simply click on the “Unstake PUSH” button.
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After successfully executing your transaction, your tokens should be unstaked from the contract and transferred back to your wallet.
Important things to note
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The pool doesn’t impose any lock-in period. This means holders are free to stake or un-stake whenever they wish.
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While no lock-in period is imposed, there is a delay period of at least one epoch before a user can withdraw or harvest. This means that any stake (within the current epoch) will require the user to wait for a T+1 epoch before they can claim rewards or withdraw their harvest. 1 epoch is 21 days long.
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Unstaking tokens in this pool will automatically harvest and transfer any pending reward tokens to your wallet.
🔔 Staking UNI-V2 LP tokens
This procedure allows users to stake their UNI-V2 LP tokens in our staking contract and earn $PUSH tokens as a reward. $PUSH token holders earn incentives for providing liquidity on Uniswap.
Follow the simple steps below to Stake the Push Uniswap V2 LP Staking Pool:
Adding Liquidity to Uniswap
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Go to the PUSH/ETH V2 pool on Uniswap (Remember to navigate to the Uniswap V2 pool, not the V3 pool).
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Add liquidity into the pool with both $PUSH and $ETH.
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Once added, you should receive UNI-V2 LP tokens in your wallet.
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You are now ready to stake these LP tokens into the Uniswap V2 LP Staking Pool.
Staking UNI-V2 LP tokens
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Go to Yield Farming v2 Page on PUSH Dapp 👉 https://app.push.org/yieldv2
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Connect your wallet (EVM for now) in the top right-hand corner of the UI.
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Sign the message that pops up in your wallet, and you should now be connected.
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Below the “Uniswap V2 LP Staking Pool”, click on the “Stake $UNI-V2 LP Tokens” button.
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Enter the amount of LP tokens to be staked, and click on “Approve Uni-V2.”
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Once approved, simply click on the “Deposit” button.
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You should see the right staked amount in the UI after successfully executing your transaction.
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Once your tokens are staked, you will start earning rewards. The rewards are in the form of additional PUSH tokens.
Unstaking UNI-V2 LP Tokens
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Click on the “Unstake UNI-V2” button.
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This will trigger a wallet pop-up. Once confirmed, you should simply be able to unstake your LP tokens from the pool.
By following these steps, you can effectively stake your PUSH tokens and contribute to the growth and development of Push Protocol while earning rewards.
As stated earlier, staking Push is a rewarding way to support Push Protocol and earn rewards. Join the vibrant Push Protocol community today and unlock the full potential of your PUSH tokens. The future of decentralized communication is here, and staking PUSH is one of the best ways to be part of it.
About Push DAO
Push DAO is the community that governs drives and shapes the future of Push protocol through grants, community building and ecosystem development to expand the open communication layer that allows any crypto wallet/frontend to tap into the Push network and get any communication across.
The Push DAO Council addresses and executes the vision of the DAO, introducing multiple programs for contributors and builders to participate in paddling together toward greater progressive decentralization.