ERC20 $MLT Staking: A step-by-step guide
The ERC-20 $MLT staking went live on August 9th at 10:00 PM UTC. We are providing this step-by-step guide on “how to stake” for our supporters in order to ease up the process as much as possible!
Here is the step-by-step guide on how to stake ERC-20 $MLT LP:
ERC-20 $MLT LP guide has two parts:
A) Adding liquidity on Uniswap to get UNI-V2 token
B) Staking UNI-V2 token in LP Staking pool
A) Adding liquidity on Uniswap
1. Go to ETH/MLT pool on Uniswap and connect your Metamask
ETH/MLT POOL LINK: https://app.uniswap.org/#/swap?outputCurrency=0x9506d37f70eb4c3d79c398d326c871abbf10521d
There are various ways to connect to Uniswap, for this tutorial we will use Metamask.
2. Approve MLT in ETH/MLT pool
If you haven’t approved $MLT token already, please click on “Approve MLT” token and confirm the transaction on Metamask.
3. Insert Liquidity amount and click on “Supply”
Once $MLT token is approved, insert the amount you want to provide liquidity with and click on “Supply”.
Note: You can only provide liquidity in 50:50 ratio of ETH and MLT.
4. Confirm the amount and the transaction on Metamask
You will then see a pop-up with the details of the transactions. Confirm these details and then Metamask will pop-up for the transaction confirmation. Read and confirm it.
5. Done. Congratulations!
Your liquidity will be added once the transaction is confirmed on blockchain. For providing liquidity in Uniswap, you receive “UNI-V2” tokens in return. You can add these tokens to your Metamask account by clicking on “Add UNI-V2 to Metamask” button.
Note: Liquidity pools comes with a risk of “Impermanent Loss”. Usually swap fees and block rewards cover up the loss and gives profit to users. But please take this fact into consideration.
B) Adding UNI-V2 token on Staking platform powered by Ferrum Network:
1. Go to MILC Platform Website
Go to the Website: MILC — Media Industry Licensing Content
Then click on “ERC20-MLT LP Staking” box to go to the Staking pool page.
2. Connect your Wallet
Click on “Connect” option in the upper right hand corner and then choose the wallet to connect. For this guide, we are using Metamask wallet.
3. Insert Amount to Stake
Insert the amount you want to stake in the “Amount to Stake” box, and click on “Submit Stake” option. Then confirm the transaction on Metamask.
4. Done. Congratulations!
And Done! Now you can go back to the staking homepage and see all necessary stats there.
Here is the step-by-step guide on how to stake pure ERC-20 MLT:
1. Go to MILC Platform Website
Go to the Website: MILC — Media Industry Licensing Content
Then click on “ERC20-MLT Staking” box to go to the Staking pool page.
2. Connect your Wallet
Click on “Connect” option in the upper right hand corner and then choose the wallet to connect. For this guide we are using Metamask wallet. After connecting, click on “Stake Now”.
3. Insert the Amount to Stake
Insert the amount you want to stake in the “Amount to Stake” box, and click on “Submit Stake” option. Then confirm the transaction on Metamask.
4. Done. Congratulations!
And Done! Now you can go back to the staking homepage and see all necessary stats there.
As always, thank you for your continued support of MILC Platform, and stay tuned for more major events to be announced soon!
Good Luck and Happy Staking! 🙌😃
ABOUT MILC
MILC platform aims to provide the industry with an open new marketplace for every professional and non-professional content provider and buyer that incorporates cutting-edge broadcast, blockchain and AI-technology which can become a game changer for the entire media content industry. It solves four fundamentally important challenges of the global media industry: Global availability, Discovery process for Buyers, Complex licensing and Early feedback from viewers. MILC has been developed by Welt der Wunder, a media brand with 25 years experience in the business.
More details on MILC:
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