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Stake $MRCR on Mercor πŸ’°
Staking on Mercor is a simple process requiring only a few clicks. Staking $MRCR will give you APY and it will give you access to the platform, allowing you to invest in (and develop) algorithms.
  • Go to Mercor Finance website (https://app.mercor.finance)
  • If you are not already a $MRCR holder, press the "Buy MRCR"
  • Note: If the token address is not automatically filled in, please make sure to manually insert the correct token address: ' 0x155dab50f1dded25c099e209e7b375456a70e504'
Wallet connect button
  • Next, click on the "Stake MRCR" tab.
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  • Input the amount of $MRCR you wish to Stake and click the button below to proceed.
  • Confirm the transactions in your Web3 wallet. Do not adjust the default Gas Price & Limit.
  • Now you can see your staked $MRCR tokens in the "Staked" tab.
  • You are now earning an APY, depending on your tier.
  • You can unstake your $MRCR tokens from the platform by clicking the "Withdraw" button.

Burning Fees

Unstaking $MRCR tokens incurs a burning fee. This burning fee has three main reasons.
  1. 1.
    Deflationary aspect of the token.
  2. 2.
    Demotivating early withdrawals.
  3. 3.
    Mercor Foundation fund (funds that will be used to offer additional development opportunities).
The burning rates look as follows but are subject to change during the development of the platform.
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Burning Fees