The Everscale ecosystem is rapidly evolving, and this means there are more ways to earn passive income on your coins than EVER before! If you haven’t got your hands on your EVER tokens yet, then check out this article about how to buy EVER and BRIDGE tokens.
Ever Surf Staking
Via thestaking features of Surf, you receive income for the time your EVER tokens are stored on one of the DePool addresses. It is similar to earning interest for your funds held on deposit.
Each DePool has defining characteristics:
- Estimated annual reward — the amount of percent that accrues on the amount of your stake.
- Reward fee — is a fee that DePool takes from your reward.
- Minimum stake — the minimum amount of EVER you have to deposit in staking.
The Ever Surf wallet allows you to earn on staking in a couple of clicks. Here, you send your EVER tokens to one of the Depools, which will be automatically selected by the wallet from those it works with.
To stake tokens on Ever Surf, you need to:
- Create a wallet in Ever Surf and top it up.
- Select “Earn staking rewards” and read the DePool characteristics to which you will send your tokens.
- Click “Stake” and specify the number of EVER tokens greater than 100.5 EVER that you are sending to staking.
Keep in mind, if you want to withdraw your tokens back to your wallet balance from staking, the funds will be transferred to your account within 54 hours from the moment you click “Withdraw Stake”.
Detailed instructions for getting started with staking with DePools and Surf can be found here.
EVER Pools Staking
Another option to grow your stack via staking is using the EVER Pools dapp.
In this case, you can choose a DePool from the DePool table by looking at their characteristics.
To stake EVER tokens using EVER Pools, you need to:
- Create a wallet in EVER Wallet, top it up with EVER tokens and connect it to the app.
- Check the table to see the DePools and their characteristics.
- Select the DePool you want to send your EVER tokens to and click on the “Deposit” icon next to it.
To get tokens back to your wallet balance, click the “Withdraw” icon next to the DePool where you sent the tokens. As with other staking methods, withdrawing from a Pool may take up to 54 hours depending on current cycle progression.
FlatQube Farming
Yield-farming is an increasingly popular product in many various DeFi protocols, and Everscale is no different in this respect!
Similar to staking, farming income is expressed as a percentage per year, and is added to your tokens as long as they are locked into a farming pool. These farming pool consist of LP tokens (Liquidity provider tokens) which are obtained through providing liquidity to the exchange pools in their respective pairs.
Depending on which tokens are paired for farming, the amount of income can vary greatly. Generally speaking, pairs with better known coins and stable tokens offer a lower percentage yield than those pairs with less known tokens.
The income indicator for the year is APR and is expressed as a percentage.
You can start making money from farming on the FlatQube exchange.
To send tokens to farming on the FlatQube exchange, you need to:
- Link your EVER Wallet to the exchange and top it up with tokens.
- Choose a farming pair on the farming page from those available.
- Send some tokens to farming. If your wallet account only has tokens of one type, pre-exchange half of them in the exchange tab.
Keep in mind that a significant change in the exchange rate of one token of a pair relative to another will affect how many tokens you can withdraw from farming. The exchange can independently change the ratio of your invested tokens in this case.
During farming, you can independently withdraw income to the wallet balance or the entire pair from farming. There are hotkeys for this purpose.
Bridge Token Staking
Another way to make money in the ecosystem is by staking a bridge token between Everscale and other blockchains on the Octus Bridge platform. The token you will be staking in this way of earning is called Bridge.
You can buy and sell Bridge on the DEX FlatQube.
In the case of Bridge token staking, you will participate in a bridge operation between the Everscale blockchain and another blockchain. By sending a staking token, you delegate your tokens to one of the bridge relays, which ensure the smooth exchange of tokens between different ecosystems.
Staking is carried out on the Octus Bridge website.
To send a Bridge token for staking, you need to:
- Link your EVER Wallet to Octus Bridge and top it up with Bridge tokens.
- On the staking page, send the desired number of tokens for staking.
New revenue opportunities are coming soon to the Everscale ecosystem. Stay tuned for more updates!
