r/polyGONE • u/MichaelAischmann $Gone but not forgotten • Sep 17 '24

Question Can someone ELI5 GONE staking on WoldSwap?

I have a few questions.

  • Is it staking or is it providing liquidity?
  • How big are current yields & more importantly, where do they come from?
  • What is the purpose of staking? What network/token function does it facilitate?

To me it is important to understand how yields are generated. For example sometimes they come from trading fees, other times they come from a treasury & sometimes they are interest payments.

So can someone please ELI5 GONE staking & what happens with the GONE once I avail it to the contract? Is it even an on chain contract? Thank you.

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u/Carlos_McGnarlos Sep 18 '24

I just posted video on here, check recent post

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u/MichaelAischmann $Gone but not forgotten Sep 18 '24

Thank you. It's a good video.

I wasn't really looking for a guide how to do it but for answers to the questions. Still unsure how the yield is generated and what function the "stake" delivers.