Amara Finance has officially launched Staking and started the incentive program. MARA holders can participate in MARA Staking via Amara official website.
MARA is the governance token of Amara. The total supply of MARA is fixed, so it has no inflation risk. This time, Amara provides 1% of the total circulation for staking incentive which lasts for two quarters. If you want to withdraw your MARA, 15 days is required to unlock your staked MARA. And no rewards during unlocking period.
Staking duration: Mar. 25, 2022 at 1:00 PM — Sep. 25, 2022 at 1:00 PM (UTC+0)
Rewards pool: 1% of total circulation of MARA
Unlocking period: 15 days
Staking link: https://staking.amara.link/#/stake
How to participate Amara Staking
Step 1: Download and install MetaMask for Chrome, input or create your wallet.
Step 2: Open the link, search “Moonriver” and add it to MetaMask.
Step 3: Switch the net to Moonriver and enter the staking page. Click “Connect Wallet” to connect your wallet with MARA in. The balance of MARA can be seen when you finish the connection.
Please prepare in advance some MOVR for the gas fee, or you may fail.
Step 4: Input the amount of MARA to stake on the left and click “DEPOSIT”. If you want to withdraw from the staking, input the amount to withdraw on the right and click “WITHDRAW”.
Please note that 15 days is required to unlock your staked MARA. And no rewards during unlocking period.
Step 5: Staking rewards will be generated once you succeed in staking. Click “Claim” to get your rewards.
How to get MARA：
Amara smart contract address：0x0d2faa2064129ecbfaccd45be33dea3bcd3f8863
Amara official website：https://www.amara.link/
About Amara Finance
Amara Finance is a cross-chain financial aggregator for NextDeFi aiming to be the DeFi collaboration center to bridge Polkadot and the off-DOT world. Amara’s core products include: AmaraLend, a multi-chain deployed lending protocol focusing on long-tail assets; AmaraLink, a multisig cross-chain bridge connecting Polkadot and off-DOT world; AmaraPay, an aggregated payment gateway protocol responding swiftly across the world.