Modefi Introduces Staking on Polygon(MATIC)!

We are excited to announce the next step in our multi-chain staking of $MOD. The third round of Multi-chain staking will be on the Polygon Network.

The staking contracts will officially open for deposits on July 22nd at 9 PM UTC. The Polygon staking dashboard is available at https://dashboard.modefi.io/#/staking-rewards

Important: Staked tokens will be locked for the 30 day duration.

The Modefi dao have chosen Polygon to host our next round of staking.

The first staking period will run for 30 days, rewards over these 30 days will be as follows:

  • 12,000 $MOD for $MOD Staking
  • 30,000 $MOD for MOD/USDC-LP Staking

Your rewards will be proportionate to your staked amount. Start staking early on to see the best results. All stakes will be locked in for the 30 day duration.

How to add the Polygon(MATIC) RPC to your wallet

Visit https://chainlist.org/ to add the Matic(Polygon) to Metamask

Connect your wallet to the Chainlist dapp (top right corner)

Once connected search Polygon and select Add to Metamask

Your Metamask will prompt to Allow this site to add a network?. Select Approve, then Switch Network.

You are now successfully connected to the Polygon Network and you should see “Matic Mainnet” in your networks drop down within Metamask.

How to add liquidity to the QuickSwap MOD/USDC Liquidity Pool on Polygon

Step 1: (If your $MOD tokens are on the ethereum network)

Please click here and follow the instructions to bridge your $MOD tokens from the Ethereum network to Polygon if you haven’t already done so.

Step 2: (Add liquidity)

-Visit QuickSwap(Select the “Pool” tab for adding liquidity)
-Connect to Matic Mainnet(top right side)
-Select “Add Liquidity”
-Approve “USDC” and “MOD”
-Select “Supply”
-Select “Confirm Supply”

$MOD Polygon Contract address
0x8346ab8d5ea7a9db0209aed2d1806afa0e2c4c21

You will receive UNI-V2 tokens that represent the percentage of your ownership of the liquidity pool.

The MOD/USDC-LP token address is 0x02d12f8F3596D9d293FdAcFec9F629b423CB058F and can be added to your metamask wallet as a standard token.

Step 3: Stake-em

How to stake your UNI-V2 MOD/USDC LP tokens

Step 1: (Be sure you’re connected to the Polygon(MATIC) Network)

-Visit our staking dashboard at https://dashboard.modefi.io/#/staking-rewards
-Select the Polygon Network Staking

  • Click the “Connect” button in the top right corner
    -If you see your address in the top right corner you are connected successfully. If it shows “Wrong Network” please make sure you are on the Polygon(MATIC) network on your Metamask.
    -Under “MOD / USDC LP Staking” select the “Stake LP” button

-Enter the amount of UNI-V2 Tokens you would like to stake and select “Stake LP”
-You will be prompted with an approval transaction then following that the stake transaction. You will need MATIC in your Metamask to pay transaction fees.

Step 3: Kick back and collect the rewards as often as you’d like!

The average cost to claim your rewards on $MATIC is around $0.002 USD!

How to stake your $MOD tokens on Polygon

Please note: All stakes will be locked in until the end of 30 days.

Step 1: (If your $MOD tokens are on the ethereum network)

Please click here and follow the instructions to bridge your $MOD tokens from the Ethereum network to Polygon(MATIC) Network if you haven’t already done so.

Step 2: (Be sure you’re connected to the Polygon(MATIC) Network)

-Visit our staking dashboard at https://dashboard.modefi.io/#/staking-rewards
-Select the Matic Network Staking

-Click the “Connect” button in the top right corner
-If you see your address in the top right corner you are connected successfully. If it shows “Wrong Network” please make sure you are on the Polygon(MATIC) Network.
-Under “MOD Staking” select the “Stake” button
-Enter the amount of $MOD Tokens you would like to stake and select “Stake MOD”
-You will be prompted with an approval transaction then following that the stake transaction. You will need $MATIC in your wallet to pay transaction fees.

Step 3: Kick back and collect the rewards as often as you’d like!

The average cost to claim your rewards on $MATIC is around $0.002 USD!

Users staking $MOD will greatly benefit from the low transaction fees associated with staking on $MATIC.

Important Contract Addresses

Polygon($MATIC) Network $MOD contract address
0x8346ab8d5ea7a9db0209aed2d1806afa0e2c4c21

Binance Smart Chain Network $MOD contract address
0xd4fbc57b6233f268e7fba3b66e62719d74deecbc

Fantom Network $MOD contract address
0xe64b9fd040d1f9d4715c645e0d567ef69958d3d9

Ethereum Network $MOD contract address
0xea1ea0972fa092dd463f2968f9bb51cc4c981d71

Modefi: An Oracle Solutions Platform

Modefi’s mission is to bring decentralized trustless Oracle solutions to developers and businesses. Using multi-chain solutions Modefi is building interoperability that will drive adoption and true power to the blockchain ecosystem.

Website: https://modefi.io

Docs: https://docs.modefi.io

Telegram: https://t.me/modefi_official

Twitter: https://twitter.com/Modefi_Official

CoinGecko: https://www.coingecko.com/en/coins/modefi

CMC: https://coinmarketcap.com/currencies/modefi/

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