LEDU staking program is an alternative method of earning LEDU. Through the LEDU staking program, LEDU holders can earn LEDU tokens by locking their LEDU for a period of time. The LEDU staking program is an automated method where the user interacts with the LEDU staking contract by calling the stake method of the LEDU contract.
LEDU token, the native token of Education Ecosystem, is an ERC20 standard token, whereas the LEDU staking contract is built on the Binance Smart Chain Mainnet. LEDU holders must bridge their LEDU ERC20, built on the Ethereum Mainnet, to LEDU BEP20, built on the Binance smart chain mainnet. Bridging LEDU ERC20 to LEDU BEP20 means converting LEDU ERC20 to LEDU BEP20. You can follow this guide on how to swap on Multichain. This way, the user will stake on the LEDU staking smart contract to earn a reward.
Before heading to stake LEDU on the LEDU staking contract, you must prepare a few things. Here are must-have before participating in the LEDU staking program;
A wallet. It would help if you download and install a web 3.0 wallet, preferably Metamask. To install Metamask, head to this URL, download, install the extension and follow the processes shown.
Some amount of LEDU, ETH and BNB. Since the LEDU staking contract is deployed on the Binance smart chain, you need ETH and BNB to cover the transaction fee required to bridge LEDU ERC20 to LEDU Bep20.
Before staking LEDU, ensure you’re using the Binance smart chain network. Once you’re sure that your wallet is connected to Binance smart chain, proceed with the following;
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