Flame is the utility token that powers rewards for the Flame DeFi ecosystem including the SpaceFarm, Poker, and Lottery.
Revenue over time (USD / week)
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0%or 0% annualized
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- How to Stake FLAME?
The best way to stake FLAME is by going to the Flam DeFi SpaceFarm.
Here you will find numerous option for staking FLAME asymmetrically to earn FLAME and a variety of other assets.
Some prerequisites for staking FLAME include having a Tezos Wallet – we recommend using the Temple Wallet.
There are also opportunities for users to provide liquidity to the FLAME/XTZ LP on Quipuswap and further stake that LP token in the SpaceFarm for additional yields.
The savvy investor would devise a strategy that compounds rewards and increases APY through a variety of the SpaceFarm contracts.
- How much can I earn Staking FLAME?
Currently the Stake FLAME, Earn FLAME option is rewarding 3.5 FLAME tokens per second which is derived from inflation of FLAME. It is important to note that these smart contracts are written in a way that allows for the rewards to be generated from inflation/ minting or from statically being placed into the contract by the team.
There is a lot more opportunities within the Tezos ecosystem for yield due to the new, but innovative, features where liquidity pool deposits can earn baking rewards in addition to splitting trading fees.
There are numerous active pools on Flame DeFi’s SpaceFarm to earn over 100% APY.
- Any risks to Staking FLAME?
There are some risks associated with Staking FLAME. There is smart contract risks as Flame DeFi is built on Tezos, this is one of the first Yield Farms and has yet to stand the test of time, or the treat of hacks.
Another risk is inflation, if you do not participate in the staking features of FLAME you will be diluted due to inflation rewards.
If you are depositing liquidity into LPs you should always be aware of the risks of impermanent loss.
- How to buy FLAME?
Currently the best way to buy FLAME is on the Quipuswap DEX – please see our full tutorial on How to Swap Tokens and Add Liquidity on Tezos with QuipuSwap.
It is important to also have a Tezos Wallet such as Temple Wallet.
FLAME token contract information:
Smart contract: KT1Wa8yqRBpFCusJWgcQyjhRz7hUQAmFxW7j
Token ID: 0