How do I stake UNI tokens on Uniswap?
Staking UNI tokens on Uniswap is a relatively simple process.
First, you will need to have a wallet that supports ERC-20 tokens, such as MetaMask or Trust Wallet. Once you have your wallet set up, you can purchase UNI tokens from an exchange such as Binance or Coinbase. Once you have your UNI tokens in your wallet, you can begin the staking process.
To do this, you will need to connect your wallet to the Uniswap platform. This can be done by navigating to the “Stake” tab on the Uniswap website and clicking “Connect Wallet”. Once connected, you will be able to view your available UNI balance and select how much of it you would like to stake.
Once you have selected the amount of UNI tokens that you would like to stake, click “Stake” and confirm the transaction in your wallet. Your staked UNI tokens will then be locked up for a period of time (usually around two weeks). During this time, they cannot be moved or used for any other purpose.
At the end of the staking period, your staked UNI tokens will be released back into your wallet and you will receive rewards in the form of additional UNI tokens based on how much was staked and for how long it was staked for. These rewards are paid out in proportion to all other users who are also staking their UNI tokens on Uniswap at that time. Staking UNI tokens on Uniswap is a great way to earn additional rewards while helping secure and improve the platform at the same time!