Travis Bonfigli
Liquid Staking on Spooky Swap with the xBOO Staking Derivative Token: A Step-by-Step How-To Tutorial
*The abbreviated version: Take your BOO, stake it (which converts it into xBOO) and earn 39% as of today, then take the xBOO staking derivative you recieve and stake that xBOO to earn additional APR paid out in the other projects native token (read: you are not earning BOO on the xBOO). For example, take your xBOO, stake it with Alpaca and earn * Tip Jar Address on the Fantom Mainnet for BEETS/BOO/BRUSH/DAI/FTM/SPELL/SPIRIT/USDC 0x40A8Ef7c16C0B696ec829F070782E472A5C75C8d ***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.*** A very cool and overlooked feature of the SpookySwap site is the ability to participate in a form of Liquid Staking where you can take your BOO rewards/tokens, stake them on the SpookySwap site (currently earning ~40% APR) and in return for staking them you receive what is called a ‘Staking Derivative’ which, in this case, is xBOO. Now, the reason they call it ‘liquid staking’ (and why the xBOO you receive is called a ‘staking derivative’, is because the xBOO is ‘derived from’ the BOO you originally staked AND, more importantly, that xBOO you received is LIQUID…which means you can now take that xBOO derivative and use it to stake in another pool and earn APR on that as well! Very cool! We will look at each and every step of the process on SpookySwap and enjoy the video! Thanks!