Staking SPOOL Tokens
How to stake your SPOOL Tokens.
- 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.