Staking and Autofarm
Last updated
Last updated
Staking tokens is a standard procedure common to many DeFi projects, however, in the Minto protocol, $BTCMT staking launches bitcoin mining in favor of token holders using corresponding physical mining capacities with daily rewards in bitcoins.
In addition to manual staking, the Minto protocol offers Autofarm with automatic accrual of compound interest of mining rewards. When choosing Autofarm, each user's daily reward is automatically converted into $BTCMT and staked using the appropriate smart contract, as a result of which the user earns compound interest and enjoys increased profitability.
The user has access to full information about his tokens on the balance sheet, in staking and/or autofarm, their profitability, the amount of rewards, etc. The profitability of staking and autofarm is determined by the classic parameters Annual Percentage Rate (APR) and Annual Percentage Yield (APY), respectively.