One of the easiest ways to earn in Lif3 Trade is by staking $LIF3
$LIF3 is the utility token on Lif3 Trade. It accrues a percentage of the platform's generated fees that get shared by the users staking $LIF3 on the platform.
Staking $LIF3 in the platform is simple:
1) Head to Lif3.com to acquire your $LIF3 tokens
2) Go to the Earn section of Lif3 Trade
3) Search for the LIF3 area on the website, and press on Stake
4) Approve the token spendings on your wallet
5) Input how much $LIF3 you want to stake
6) Press on stake and confirm the transaction.
7) And that's it! You are earning by staking $LIF3 on Lif3 Trade.
Okay, but what I am earning right now?
Staked LIF3 receives three types of rewards:
- $FTM fees from the platform
- Escrowed LIF3 ($esLIF3)
- Multiplier points
Multiplier points can be staked for fee rewards by pressing the "Compound" button on the Earn page. Each multiplier point will boost $FTM APRs at the same rate as a regular $LIF3 token.
Click on this Article to learn how to earn by staking $esLIF3 or on this article to learn how to earn by vesting $esLIF3.
If you are a visual learner feel free to learn about this topic using the tutorial below: