LogoLogo
  • Home
  • Introduction
  • Technical Overview
    • CAGA Architecture
      • Proof of Authority (PoA) Consensus Mechanism
      • Validator System
      • Network Efficiency and High Throughput
      • EVM Compatible Bridging
      • Abstraction Mode
      • Security and Stability
  • Tokenomics and Utility
    • Glossary
    • Tokenomics
      • Smart Contract Addresses
    • Token Utility
      • Incentivization and Rewards
      • Financial Operations
      • Payment Mechanism
      • Governance
      • Accessibility
  • Governance and Participation
    • Overview of Governance
    • Participating in CAGA Governance
      • Voting
      • Proposals
  • Staking and Rewards
    • CAGA Staking Essentials
      • Why Stake?
      • How Staking Works
      • Rewards System
      • Unstaking
    • Liquid Staking Assets
      • Features of cgETH and cgCAGA
      • Total Value Locked (TVL)
  • Ecosystem Development
    • Testnet
      • Contract Addresses
      • Network Switch
        • Bitget
        • Fearless
        • Fox
        • imToken
        • MetaMask (Auto)
        • MetaMask (Manual)
      • Connect Wallet
      • Faucet
      • DEX
      • Bridge
      • NFT
      • FAQs
    • Integrations and Applications
      • Multichain Wallet
      • DEX
        • CAGA DEX & The EVM
      • Megapool (Coming Soon)
    • CAGA Builders Program
      • Application Process & Requirements
  • Join and Progress
    • Join Us
    • Become a CAGA Ambassador
    • Development Roadmap
  • Legal and Compliance
    • Disclaimer
Powered by GitBook
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

PreviousWhy Stake?NextRewards System

Last updated 1 year ago

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.