*The abbreviated version of the video:
* There is no way to straight stake your Andromeda tokens…yet. However, you can do this to earn $ANDR (and $SHD):
1. If you have $ANDR in your Keplr wallet, “wrap it” on the Shade Protocol Site
2. If you don’t have $ANDR you can swap for it on the Shade Protocol site
3. Get an equal dollar amount of $SHD and $ANDR
4. On the “Pools” page of the Shade Protocol site select the SHD + ANDR pool and then click on the $SHD + $ANDR dropdown and select an equal amount of both token
5. Click Provide
***Note: All the information provided in this video tutorial is provided on an “as is” and “as available” basis and you agree that your use of such information is entirely at your own risk. You should not construe any such information or other material in my video tutorial as legal, tax, investment, financial, or other advice. Nothing in this video or on my YouTube channel constitutes a solicitation, recommendation, endorsement, or offer by myself or any third party. I am not liable for the loss of any fiat/assets/tokens as a result of you following the steps presented here and this is not investment advice and I am NOT an investment advisor. The opinions expressed in this video tutorial are for general information and entertainment purposes only and are not intended to provide specific financial and/or tax advice or recommendations for any individual or on any specific cryptocurrency token or investment product.***
In this brief video tutorial (7 min) I address the most common question I have been receiving over the last week: How can I stake my Andromeda tokens to earn more $ANDR? The short answer is that you can’t do that yet. In the tutorial I show you another way to earn $ANDR by becoming an LP provider on the Shade Protocol DEX and by providing an equal amount of $SHD and $ANDR you can (as of today – 3 March 2024) earn 54% with 28% of that being $ANDR tokens…very cool! Hope this helps you out and all the best! Enjoy!