What is veSHN Staking? How does the system work?
Grow your shn savings by locking them instead of buying SHN
In short, for passive income, you earn SHN for a certain period of time and earn interest income.
What is SHN Token ?
SHN Token is a multichain token with a max supply of 100M. It is fully supported on the Ethereum Mainnet (ERC-20) and currently on the Polygon (Matic) Network.
How to buy SHN Token?
- Buy SHN / ETH on Uniswap
- Buy SHN / MATIC on Quickswap
- Buy SHN / USDC on Quickswap
How do we add the SHN token to Metamask?
go to Import Tokens > Custom Token > paste token contract
Token address for Ethereum Mainnet:
0x1C7ede23b1361acC098A1e357C9085D131b34a01
Token address for Polygon (Matic) Network:
0x53d76f967de13e7f95e90196438dce695ecfa957
What is veSHN ?
veSHN is ShineDAO's newly issued non-transferable governance token. With SHN you can:
lock coins for up to 4 years
get veSHN , tokens will be unlocked over time during the lockdown period and the last will be 1-1 odds.
How can we lock veSHN?
You can simply lock by entering the amount and time you want to lock.
Benefits of locking your SHN Tokens in Maximum time to Earn VeSHN
● veSHN acts as an access token for SEED. Users can enjoy discounts of up to 75%.
SEED access with 4-year lock.
● veSHN holders are eligible for sustainable SHN return from buyback SEED fees + treasury return
It depends on the lock time. Users receive up to 4x earnings with a 4-year lock.
● veSHN holders are eligible for SWAP-earned token distributions.
Earn 4x with 4 year lock. .
● Each veSHN has 1 vote in management proposals. When you lock SHN for 4 years, your votes are taken as 4 and SHN, not 1.
How to Stake SHN?
In Stake you will be able to see the base and maximum APR along with other relevant information. Episode of ShineDao. Basic APR, minimum lockout (7 days) and max. APR is the representative symbol for (4 years).
How to Claim VeSHN rewards as SHN
You will be able to see your veSHN rewards and claim them in the claim section of
ShineDao.
Conclusion VeSHN has a lot to offer for those involved in the staking crypto platform. and its games. Stakers can hover on cryptocurrencies to gain likes. and they think of a healthy crypto. Another would be to make it profitable, efficient and good for the environment. Sounds good, Right? All that’s left is to start
