How To Stake Your $PHTR?

Hello! I’m Dmitry, a $PHTR token holder and early community member. I’m writing this piece for educational purposes.

If you want to stake PHTR tokens, but you do not have them, you can purchase them on Gate and Uniswap.

For now, you can only stake PHTR tokens using Metamask, so install Metamask first.

How to stake PHTR tokens

Go to the Phuture website:

www.phuture.finance

Click “Launch app”

You will be taken to the page Phuture
Click “Connect Wallet”

A Metamask popup window will appear. Click “Next”

And then read the information and click “Connect”

Enter the aount of PHTR you want to stake (You can choose a certain percentage of the total or enter the number of tokens manually) and click “Approve” .

The Metamask popup will appear. Read the information and click “Confirm” .

Then click “Stake” .

The Metamask popup will appear. Read the information and click “Confirm” .

Done! You have staked your PHTR tokens.

After staking $PHTR into the protocol, you will receive enhanced PHTR (ePHTR). Through ePHTR, you will get access to governance capabilities such as proposing changes to the platform and voting on existing proposals. In addition, ePHTR holders receive continuous yield in the form of PHTR. You can redeem your accumulated rewards by unstaking ePHTR.

In the initial phase, staking rewards will be come from the treasury but will be succeeded by the fees generated on the platform over time.

Eventually, staking dilutes non-participatory token holders relative to staked holders resulting in more influence being held by the active and engaged members of the Phuture community.

How to unstake

Switch to the “Unstake” tab.

Enter the number of tokens you want to withdraw from staking and click “Approve”.

The Metamask popup will appear. Read the information and click “Confirm”.

Then click “Unstake” and confirm the transaction.

Done! You have unstaked your tokens

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