Decentralized VPN platform Deeper Network has disclosed the details of the launch of DPR token staking as well as a step-by-step guide of its liquidity staking.
According to reports, the staking makes it possible for users (stakers) to earn huge APY on their staking on Deeper Network. The announcement of DPR staking was met with excitement by the entire community. Additionally, Deeper Network partnered with Raze Network to create a global P2P network. This will empower the real users of the internet and will pave the way for the next generation of the web
📢 New Product! $DPR Staking! You can now stake your DPR to earn DPR at high variable #APY% with NO lockup period. Unstake anytime! 🎉 👉 https://t.co/etatliLsIn 👈
🎁Tutorial coming soon! 🚸 pic.twitter.com/1Z5UE2DuMB
— Deeper Network (@deeper_network) April 10, 2021
Staking rewards as high as 1800% APY
The launch of Deeper Network DPR staking is a welcome development in the Deeper ecosystem. Interested persons can stake DPR tokens and subsequently earn huge APY.
Eric Ma, CMO at Deeper Network disclosed on Twitter that the staking rewards percentage can reach as high as 1800% APY.
It's variable and was at 1,800% APY today.
— Eric Ma (@helloericma) April 10, 2021
DPR staking on Deeper Network also requires no lock-up period and so users can easily unstake their assets at any time.
Step by step process of DPR staking
- The first step is to download the TokenPocket App onto your phone
- Next is to open and import your ERC-20 wallets. Ensure it is the same wallet used during the IDOs.
- Then select the icon “Discover” and then paste in this URL – “https://deeper.network/staking”.
- You then need to open the staking page. Select “Show Contract Information”, and then click on “Get Uniswap DPR-USDC LP”. This action will immediately transfer you to the Uniswap pool page.
- Next is to add liquidity. Users can do this by inputting their chosen amount of DPR tokens, the corresponding USDC amount will be automatically shown in the bottom box.
- Click on “Add Liquidity,” and then confirm the transaction on the TokenPocket application. It is important to note that stakes are required to have some ETH to pay for gas fees.
- After confirmation on TokenPocket, takers will also need to approve the transaction on Deeper Network stake page. Users only need to click on “Approve DPR-USDC LP”, connect to your wallet, and then “Confirm” the transaction.
- Lastly, users simply need to click on “Stake DPR- USDC LP”, and then input the amount of DPR/USDC pair they are willing to stake. Once staking is done, users can immediately see the reward icon alongside the following selections.
- Users can click on “Reward” to claim their earnings
- “Withdraw” to withdraw liquidity to their wallet Click “Reward” to claim your earning.
- Lastly, “Withdraw All and Reward” to help claim both liquidity and reward to their wallet at once.
Interestingly, the decentralized VPN network DPR token is now available on DeFi platform Uniswap. This listing comes after its completed IDO event on the Ignition launchpad.
At the time of writing, the DPR token was trading at $0.178516, with a 24-hour trading volume of $8,734,864.
Deeper Network conducted its ICO on April 8, 2021. The DPR token price at the time of launch was $0.02. Impressively, the token has exhibited an ROI of over 900% in the last 7 days.
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Find out more about the Deeper Network on the Altcoin Buzz YouTube channel.