Doge Dash Staking — Earn tokens with Doge Dash

We are happy to introduce Doge Dash staking. The staking solutions offer rewards to loyal DogeDash holders and will launch on November 22, 2021.

The staking program is another key milestone in our development. We will try to keep it simple and direct to explain what your options are.

Single asset Staking? Or Liquidity Pool staking?

To keep it short, you can either stake your DogeDash tokens in a Single Asset Staking Pool (Coming Soon!) or combine DogeDash with BNB to form a “liquidity pair” and stake it in a LP Pool.

With both options, holders can earn tokens by allocating some, or all, of their into the staking pools. These tokens that are allocated are then locked for a fixed term, where you can gain DogeDash rewards that can be claimed once the term is complete.

Single Asset Staking allows for smaller APR (Annual Percentage Return), whereas Liquidity Pool Staking gives higher returns, but also has some risk to offset your higher rewards. The risk in the liquidity pool is in something called “liquidity pair impermanent loss”. For more information read more about it here.

We have contracted Solidity finance to perform an audit on the farming contract, you can find their findings here.

Updated Tokenomics Taxation Model starting November 22, 2021

The concept of staking is not new; however, it does add maturity and value to projects that offer this feature. It helps stabilize the price impact per purchase or sale of the token, while also increasing the value to holders, and signals a sign of project maturity. In the case of Doge Dash, the advent of stake farming also introduces a new tokenomics taxation scheme which we will introduce here. Previously, the Doge Dash project had a tokenomics taxation model that included:

OLD Tokenomics (pre- November 21st, 2021)
● 3% reflections: being removed and replaced with staking.
● 3% burn: this will continue as normal.
● 3% marketing: reduced to 2%.

The new tax allocations are effective now. The new allocations include:

NEW Tokenomics (launched November 22nd, 2021)
● 3% burn
● 2% marketing

This change reduces the original 9% tax to 5% on every transaction. So, you may be wondering how to get DogeDash and begin staking? You can read all about it here!