Staking SPOOL Tokens

How to stake your SPOOL Tokens.

Staking SPOOL token is even easier than depositing into a Spool Smart Vault.

1. Obtain SPOOL Tokens

   • You can find out how to obtain SPOOL tokens here

2. Navigate to the Spool Application

3. Connect your Web3 wallet

4. Head over to "SPOOL Staking"

5. Click on "Stake"

6. Approve the SPOOL token for spending

   • And wait until the approval is confirmed

7. Deposit the SPOOL token

   • And wait for the deposit to be confirmed

That's it! You are now entitled to a portion of all fees generated within Spool as a valued SPOOL Token Holder and DAO Member. Moreover, now you have the ability to vote in proposals and participate in general governance.

A visual explanation on how Spool Fees are distributed.