Compared to Bitcoin, Ethereum or Binance DeFi, Elrond offers higher yields since it reaches more 100%+ APR with LKMEX staking on Maiar Exchange.
If you are wondering how to maximize your EGLD or LKMEX staking rewards, you will likely be interested in the Metabonding opportunity.
What is Metabonding?
According to the press release written by Beniamin Mincu (Elrond founder) on Feb. 14, 2022:
Metabonding is a Web3 bonding fire, and will become the golden standard for community building. This will be the front-page to the Elrond builders scene.
Concretely, it allows developers to easily apply for new projects on Elrond, and to urge EGLD or LKMEX holders to participate with their staked tokens in their projects by distributing rewards to them.
How much can you earn with Metabonding?
The reply is in the same press release:
Projects building on Elrond will be able to establish a long term commitment with the most hardcore community members, by distributing ~10% of their token supply to EGLD stakers and LKMEX stakers, over the course of 2 years.
As mentioned, you will get a share of the 10% of token supply which will be distributed to stakers. The value you will get depends on the value of the released token, what is similar to other blockchain airdrops. At the end of the day, it will be worth anyway since it comes on top of the staking rewards.
How to proceed?
First of all, you need to register to Elrond Maiar wallet, and to buy a bit of EGLD that you will stake through this wallet. Another option is to buy LKMEX and to stake it (APR > 100%), however this latest option is riskier since LKMEX is more volatile than EGLD. Once you have staked your EGLD or LKMEX, you can then click on "Metabonding" in the header menu of Maiar Exchange (see the screenshot below), which is the DeFi wallet of Elrond blockchain. The first screenshot will be taken in 3 days, and the rewards will be distributed on the 3 first projects listed on the Metabonding page.
Below a referral link to register to Elrond Maiar wallet and get $10 EGLD that you can start staking to participate in Metabonding:
Below a few more referral links to earn more cryptos:
- Legion Network: earn $5 LGX
- Helium Staking: 10% referral discount
- Helium Rent: earn HNT by renting a shared hotspot
