DCNTRL Network Docs
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  • 👋Welcome to DCNTRL - The future of Stablecoins
    • Introduction to DCNTRL Protocol
  • DCNTRL Features
    • 💲USDEFI Stablecoin
      • 💰Minting / Redeeming USDEFI
      • 📈Maintaining the $USD Peg
      • 💸Earning in USDEFI Stability Pool
    • 💎DCNX Tokens
      • 🎁Earning DCNX
      • 📊DCNX Tokenomics
      • 🏦Earn Protocol Revenue
      • 💳How to Buy DCNX
    • 🛡️Ecosystem Stability
      • 🌊Liquidations
      • 🌡️Recovery Mode
  • User Guides
    • ⚡Getting Started with DCNTRL Protocol
      • 1️⃣Connecting Your Wallet
      • 2️⃣Getting BNB
    • 3️⃣Your Dashboard
    • 4️⃣Borrowing (Minting) USDEFI
      • ⚙️Managing your USDEFI Position
    • 5️⃣Start Earning with USDEFI
      • How to Stake USDEFI
      • How to Unstake From Stability Pool
    • 6️⃣Redeem USDEFI - Get BNB
    • 7️⃣Liquidating Bad Debt
      • ↪️How to Manually Liquidate Bad Debt
    • 🏆How to stake DCNX to earn Protocol Revenue
  • Useful Docs
    • 📃Smart Contract Audits
    • 📈DCNTRL Protocol Fees
    • Terms of Service
      • 🔒Privacy Policy
      • 🍪Cookie Policy
    • 🎨Brand Assets
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On this page
  • Introduction
  • Revenue Breakdown
  • Prerequisites
  • Step-by-Step Guide - How to Stake DCNX
  1. User Guides

How to stake DCNX to earn Protocol Revenue

PreviousHow to Manually Liquidate Bad DebtNextSmart Contract Audits

Last updated 1 year ago

Introduction

Welcome to the DCNTRL Network's staking guide! Staking DCNX tokens allows you to share all revenue generated from DCNTRL network.

Revenue Breakdown

The DCNTRL Protocol generates revenue through the following mechanisms:

  1. Loan Origination Fees: When a user borrows USDEFI against their BNB collateral, a loan origination fee is applied. This fee is a percentage of the amount drawn in USDEFI.

  2. Redemption Fees: When a user redeems USDEFI for BNB, a redemption fee is charged. This fee is a percentage of the amount paid to users by the system in BNB.

The following guide will walk you through the process of staking your DCNX tokens to earn a share of all of these fees.

Prerequisites

  • A wallet compatible with BNB Chain (e.g., MetaMask, Trust Wallet)

  • A stable internet connection

Step-by-Step Guide - How to Stake DCNX

Step 1: Connect Your Wallet

  2. Choose your wallet from the list and follow the prompts to connect.

Step 2: Navigate to the Staking Section

  1. Once your wallet is connected, locate the "Staking" tab on the DCNTRL dashboard and make sure 'Stake DCNX' is highlighted

  1. Enter the amount of DCNX tokens you wish to stake in the input field - click MAX if you want to deposit all DCNX in your wallet.

When you alter this field you'll get to see your new pool share change in real time.

Step 3: Confirm Your Stake

  1. Click on the "confirm" button.

  2. Confirm the transaction from your wallet.

  3. Wait for the transaction to be confirmed on the blockchain.

If it is the first time you are interacting with DCNTRL you may need to approve the transaction first.

Step 4: Sit Back & Earn Protocol Revenue 😎

  1. Once confirmed, your DCNX tokens will be staked, and you'll start earning rewards which you can view in real time.

Step 5: Claiming Rewards:

  1. To claim your fees you just need to hit the 'Claim Gains' button and confirm the transaction to receive all of your available USDEFI and BNB earnings.

If you withdraw any DCNX this will also claim any of your pending revenue!

DCNX tokens in your wallet -

Open your web browser and navigate to .

🏆
if you don't have any purchase them on PancakeSwap here!
app.dcntrl.network