ROFI Staking is live — It’s time to make your entire $ROFI available

New feature: “LP STAKING”

  • Speed: The amount of ROFI unlocked in each Block determines the speed (1 block is equivalent to 3s)
  • The stake amount is the number of optional LP required to unlock ROFI (LP is the value the user gets after using the add liquidity feature)
  • The multiplier to unlock ROFI (equivalent to APY 200% /Year) is 25 x 10^(-8).
  1. If a user uses the Stake feature and decides to stop, withdraw all LP (including BUSD and ROFI), the user will only receive the ROFI unlock amount from starting time to stopping time.
  2. If a user uses the Stake feature and decides to withdraw a specific amount of LP (e.g., 50%); the user will also only receive the ROFI unlock amount from starting time to stopping time. However, the Stake process will continue. At this time, the amount of ROFI unlocked in each block will be reduced by half, and the unlock speed will be reduced by half as well.
  3. If a user selects Claim, all of the “Amount Unlocked” ROFI will be converted from locked to unlocked and updated in the user’s ROFI balance. Staking LP to unlock ROFI continues to work until the user no longer has any locked ROFI balance.

TUTORIAL

How to Add Liquidity with ROFI

  • Step 1: Access to app.rofi.io/#/vault.
  • Step 2: Select “Get LP”
  • Step 3: Enter the amount of $ROFI to which you’d like to add liquidity.
  • Step 4: Click the Supply and Confirm button.

HOW TO STAKE, UNSTAKE AND CLAIM ROFI LOCK

  • Step 1: Access to app.rofi.io/#/vault.
  • Step 2: Select Stake
  • Step 3: Determine the LP percentage you wish to stake. The system has four levels that can be selected: 25%, 50%, 75%, and 100%. In this video, we demonstrate how to Stake 100% of the LP you have.
  • Step 4: Select Approve and wait for the data to be processed by the system. The average wait time is one minute.
  • Step 5: If the approval is successful, select Stake.
  • Step 6: You have successfully Staked when the system notifies you with a blue sign.
  • Step 1: Select Unstake.
  • Step 2: Choose the LP percentage you want to Unstake. The system has four levels that can be selected: 25%, 50%, 75%, and 100%. In this video, we demonstrate how to Unstake 50% of your LP.
  • Step 3: Click the Approve button and wait for the system to process the data. The average wait time is one minute.
  • Step 4: If the approval is successful, select Unstake.
  • Step 5: You have successfully Unstaked when the system notifies you with a blue sign.
  • Step 1: Select Claim.
  • Step 2: On the Wallet you connected, select Confirm.

Conclusion

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Legend Guardians

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