Announcing 40% APY Staking Programs to Lock Up Nearly 25% of Supply
By: Gafoor Khan
Tags: Yield Farming, Liquidity, Staking, Farming, Mahadao

After the recent success of our IDO which sold out in under 3 minutes and saw more than 500 investors participate, we are now all set to launch our staking program with an APY of nearly 40% for all stakers who can lock in up to 200,000 MAHA tokens for 90 days.

With the launch of the ARTH valuecoin set for Q1 2021, this gives the project enough runway to build and launch the product, before the staked tokens are released back into the market.

After a few weeks, we plan to launch the Uniswap staking programs with APYs ranging from 15–40%. Uniswap staking allows the liquidity providers who provide liquidity to the Uniswap pool to earn rewards for providing liquidity.

The MAHA Staking Program

The program will lock in 200,000 MAHA tokens, which accounts for nearly 25% of the current circulating supply. To qualify for the maximum available APY, users must stake tokens for 90 days.

Here are the details of the MAHA Staking Program:

💰 40% APY

⌛ 90 day staking period

🔒 200,000 MAHA tokens Cap

Maturity period: 90 days

Early withdrawal period: 45 days

Full Term APY: 40%

Early withdrawal APY: 10%

Token Deposit Start Date: 25th Dec 2020. 3 PM GMT

Token Deposit End Date: 01st Jan 2021. 3 PM GMT

Staking Start Date: 1st Jan 2021. 3 PM GMT

Users can withdraw tokens at an earlier time, 45 days after staking starts. However, if the user does so he/she will not be eligible to receive the full term APY (which is 40%) and will only receive the early withdrawal APY (which is 10%)

Staking Guidebook — how to stake $MAHA

The process is fairly straightforward. To provide a seamless user experience to MAHA holders, we have partnered with Ferrum Network.

Go to our staking website —https://mahadao.com/staking.html

Click on Stake Now Button

Select the Maha Staking Pool(the only one available right now) & press Stake again

Metamask will pop up. Authorize MetaMask to be connected to the staking smart contract. Click Allow

Once you have authorized Metamask, you will be redirected to the main staking page where you can enter the $MAHA tokens you want to stake

Now, enter the amount of $MAHA tokens you want to STAKE

MetaMask extension will show the required dialog box. Please allow MetaMask to spend your $MAHA tokens — this will send the MAHA tokens entered by you in the previous step to the Staking contract.

Press CONFIRM.

Note: always cross-check the amount of MAHA tokens you entered to put into the Staking contract. Also, the Metamask extension will ask you for two requests before the process is over. Please allow both.

Voila! You have successfully staked your MAHA tokens.

Staking Guidebook — where to check your staked $MAHA

1) Go to the staking dashboard: https://stake.unifyre.io/maha/info/0xa00e619fcddb7375192e21fbc4e1d00fd0963395

2) Click on Connect on the right top & then select the wallet you want to connect to

3) Select the account you want the staking contract to connect to, then click Next & Connect

If you have staked MAHA, your balance will show the amount of MAHA staked

Once connected, your staked MAHA will be visible on the same dashboard.

Note: Your reward for staking will be visible post-January 18th(the next TGE date)

FAQs

1. Are the Smart Contracts Audited?

Yes, all staking contracts are audited and have been used multiple times by Ferrum Network, our staking partners.

2. Is there a staking program for Uniswap LPs?

Yes, those providing liquidity to Uniswap will also receive MAHA tokens as rewards for locking in their liquidity, however, Uniswap programs will be launched at a later stage of the project.

3. How can I stake my tokens? Where can I deposit and withdraw my $MAHA?

Please refer to the “ Staking Guidebook — how to stake $MAHA” section above

4. The Gas Fee is too high for the staking transaction?

You always have the option to edit the Ethereum Network gas fee in MetaMask. Note that if you add a custom lower fees, the time taken for your transaction to go through will be longer than usual.

5. Can I send the tokens directly to the Staking contract?

We urge users to not send any tokens directly to the Staking contract. Tokens sent can be lost & the MahaDAO team is not responsible for any such transactions. Only use the official website to interact with the staking contract — https://mahadao.com/staking.html

Powered by Ferrum Network

Ferrum’s Staking-as-a-Service is now used by nearly 50 projects with $15 million TVL, and our Token Bridge is the fastest and most secure means of moving assets between Ethereum and Binance Chain. Look for Ferrum to launch more transformative DeFi technology throughout 2020 and beyond.

About MahaDAO

MahaDAO is a community-focused decentralized autonomous organization that is on an explorative journey to create the world’s first valuecoin, ARTH.

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