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    • Overview of Governance
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    • CAGA Staking Essentials
      • Why Stake?
      • How Staking Works
      • Rewards System
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      • Features of cgETH and cgCAGA
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On this page
  • 1. Connecting Your Wallet
  • 2. Selecting Tokens and Staking
  • 3. Issuance of Liquid Staking Tokens (cgETH, cgCAGA)
  • 4. Utilizing Liquid Staking Tokens
  1. Staking and Rewards
  2. CAGA Staking Essentials

How Staking Works

Here's a step-by-step breakdown of the staking process on the CAGA network:

1. Connecting Your Wallet

  • Start with a Compatible Wallet: You'll need a crypto wallet that supports the CAGA network (e.g., MetaMask, Trust Wallet).

  • Connect: Navigate to the designated staking section within the CAGA dApp or website interface and connect your wallet.

2. Selecting Tokens and Staking

  • Choose Your Tokens: Select the tokens you want to stake. CAGA staking currently supports CAGA and potentially other tokens like ETH.

  • Specify the Amount: Enter the amount of tokens you wish to stake. Remember, becoming a validator may require a minimum stake (Currently 500,000,000 CAGA).

  • Initiate Staking: Confirm the transaction in your wallet.

3. Issuance of Liquid Staking Tokens (cgETH, cgCAGA)

Liquid Staking Tokens=Amount Staked\text{Liquid Staking Tokens} = \text{Amount Staked}Liquid Staking Tokens=Amount Staked

  • Upon Staking: Once your transaction is confirmed, you'll receive an equivalent amount of Liquid Staking tokens, such as cgETH or cgCAGA.

  • Representation of Staked Assets: These liquid tokens represent your stake and the rewards it generates.

4. Utilizing Liquid Staking Tokens

  • DeFi Participation: Unlike traditional staking, CAGA's liquid staking model allows you to use your cgETH or cgCAGA in various DeFi applications, such as:

    • Trading: Exchange them for other assets.

    • Lending: Provide liquidity on lending platforms.

    • Yield Farming: Strategically use them to maximize your returns.

Important Notes:

  • Link to Live DApp: Include a direct link to the CAGA staking dApp for users to get started.

  • Minimum Stake: Remind users of any minimum staking requirements, especially if a validator role is involved.

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Last updated 1 year ago