One of the fundamental features of $TCORE is the staking system. In exchange for staking tokens permanently into either the Vault or Pool — you will receive on-going rewards forever.
This is a great way to earn passive income from your position. $TCORE has serious potential to rival $CORE (check out why, here), and early stakers will profit very well from it’s ascent.
To enter the vault, you must add $TCORE LP (half TCORE, half Ethereum.) Once you’ve entered — you’ll receive a share of a 1,5% tax that is applied to every transaction of TCORE.
Investors can enter the pool by staking TCORE + DAI tokens together into TCORE liquidity. Once done, they will begin receiving interest from a variety of profit strategy pools — which will be created & perfected over time.
Below, there will be a step-by-step guide to staking in the Vault or Pool
Staking into the Vault
Firstly, you must create $TCORE LP, this is done by combining $TCORE tokens with an equal (in value) amount of Ethereum.
(Please note : this is irreversable, once locked into liquidity, it’ll be locked forever. Although, you will be able to trade the LP tokens themselves)
With $TCORE — obtaining LP is made super easy using the TCOREZap tool. Depositing Ethereum into this tool, will automatically convert 50% into TCORE, and then use the other 50% to finish making LP tokens.
If you already have $TCORE, and would like to convert it into LP, you can visit here. On this page, you can use existing $TCORE with ETH to create LP — just enter the amount you wish to supply, and it’ll automatically balance the equation.
Once you have created your LP tokens, you’re ready to deposit them into the $TCORE vault. Navigate to the $TCORE website, and find the sTCOREVaults tab, here.
Just enter the amount of LP you’d like to stake, and hit “STAKE”, or to simplify it : just hit “STAKE ALL”. Confirm the transaction, and then you’re done. You’ll immediately start receiving your cut of the taxes generated from $TCORE transactions — forever.
To claim these rewards, just hit “CLAIM”! Simple as that.
Staking into the Pool
Depositing funds into the pool is much easier. All you have to do is buy $DAI — which you can easily do via Uniswap — then use the tool on the $TCORE website.
Once deposited, you will be unable to remove the liquidity — forever receiving interest on your deposit as you provide liquidity.
Overview of the entirety of $TCORE : https://tcore.medium.com/introduction-tcore-6ce069566c7d
- Website: https://tornado.finance
- Telegram: https://t.me/tornadofinance
- Twitter: https://twitter.com/tornadofinance
- GitHub: https://github.com/tornadofinance
- Announcement Channel : https://t.me/tcoreann
The Selective (written by)