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Question about MOON liquidity and SLP staking rewards

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by COINS NEWS 52 Views

Okay so what's up with the need to stake the SLP? I don't really understand which rewards are coming from where.

If I put some MOON and ETH into the LP, I understand that I then have the SLP token to represent what I provided. If that's where I stop, what rewards do I get (and in what form) for providing liquidity?

If I then go and stake the SLP, presumably I get extra rewards on top of those earned for providing liquidity. Again, what rewards do I get (and in what form) for staking the liquidity token?

FWIW, I provided liquidity and staked the SLP a while back, and have been able to see the MOON rewards trickle in. I've even collected the rewards a few times, but it's just really not clear where they're coming from.

submitted by /u/MauveTyranosaur69
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