How To Stake
Steps
Step 1: Connect (Log in)
Use an Blockchain wallet such as TokenPocket, MetaMask, Scatter, etc., and connect.
Step 2: Stake
Click [Minting], stake OGX to mint oUSD, and authorize the process after setting the quantity.
Notes
Minimum stake rate: 800%. For example, if the value of the OGX you held is 800 USD, you can mint 100 USD of oUSD. The rate may also be adjusted later.
If the value of OGX tokens increases, you will be able to mint more oUSD.
If the value of OGX tokens decreases, the value of the oUSD minted by the user, and the contribution to the global debt will remain unchanged. However, a decrease in the value of OGX may reduce the stake rate. If it is lower than 800%, there will be no rewards at all.
The user can add OGX to the wallet and stake more or burn oUSD at any time to ensure that the stake rate is 800% or above.
Last updated