How to Stake Tokens in Aavegotchi to Earn FRENS for Wearable Raffles

How to Stake Tokens in Aavegotchi to Earn FRENS for Wearable Raffles

Tutorial on how to stake GHST tokens and GHST USDC LP tokens from Quickswap in Aavegotchi to earn FRENS to exchange for wearable raffle tickets.

Staking refers to the process of locking up your cryptocurrency in return for rewards. This is no different in the Aavegotchi project. The native token, GHST, can be staked in the Staking Contract to earn FRENS.

FRENS are a non-transferable balance within the Aavegotchi Staking Contract. FRENS cannot be purchased. They are meant to reward stakers for their contributions to the Aavegotchi project.

FRENS can then be converted into Raffle Tickets, which can be entered into periodic Raffles to win prizes.

Chapters:
00:00 Aavegotchi Wearable Raffles
01:33 How to Stake GHST Tokens on Aavegotchi.com
04:28 How to Stake GHST USDC LP Tokens on Aavegotchi.com
07:36 Purchasing Raffle Tickets with FRENS
08:26 Aavegotchi Raffle 4 Details
09:11 Farming QUICK with Staked GSHT USDC LP Tokens

Links:

Aavegotchi Wearable Raffle 4 Details: https://aavegotchi.medium.com/layer2-lfg-raffle-4-details-announced-29ee1a61e9f9

Staking on Aavegotchi.com: https://aavegotchi.com/stake

What Is IMPERMANENT LOSS? (IMPORTANT FOR UNDERSTANDING RISKS OF STAKING) https://www.youtube.com/watch?v=8XJ1MSTEuU0

Aavegotchi Wiki Page on Staking: https://wiki.aavegotchi.com/en/staking

Providing Liquidity on Quickswap Exchange: https://quickswap.exchange/#/pool

Farming QUICK tokens on Quickswap Exchange: https://quickswap.exchange/#/quick

Statistics for Past Aavegotchi Raffles: https://wiki.aavegotchi.com/en/raffles-stats

Locate top wearables for Aavegotchi rarity farming with https://aavegotchistats.com

Programmable Wealth Website: https://programmablewealth.com

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