How to purchase and stake OHM on Olympus DAO via MetaMask?
The world of cryptocurrency can be challenging and confusing, especially for those who just took a step into this world. But if we talk about the best way to earn in this world then it is crypto staking, where you can generate a passive income by just staking a particular amount of your crypto. But because of various cryptos and staking platforms available in the world, it can be hard or more confusing for beginners to know where to start. If you are an active user of MetaMask and decided to purchase and stake OHM tokens on the Olympus DAO platform then you are at the right place.
In our further content, we will cover an easy step-by-step guide that will help you to buy OHM and stake it on Olympus DAO by using MetaMask Wallet Extension.
Pre-requirements for buying and staking OHM:
Before starting the further process of buying and staking OHM tokens on Olympus DAO through MetaMask Extension, you would have to connect it to decentralized exchanges because OHM is not currently offered for direct purchase on trading platforms. And it is required to have access to a crypto wallet to purchase the token on a decentralized exchange (DEX). We are taking SushiSwap as an example for completing the purchase so if you want to learn how to connect then dive with us into the further section of our blog.
Steps to connect MetaMask with SushiSwap Exchange:
- Open your preferred browser on which you have installed your MetaMask Extension.
- Visit the official website of SushiSwap.
- Click on the “Enter App” button.
- Now, click on the “Connect Wallet” button and then select “MetaMask”.
- Unlock your wallet and then click on the “Next” button.
- In the last step, click on “Connect” to finish the entire process.
Steps to purchase OHM on MetaMask:
- Visit the official website of SushiSwap and click on the “Enter App” tab.
- Select “ETH” in the first drop-down menu.
- Enter the amount of ETH that you would like to spend.
- Search and select OHM in the second drop-down menu.
- Click on the “Swap” and then “Confirm Swap” button.
- In the last step click on the “Confirm” tab in the pop-up section and then wait until the transaction is completed.
Once the transaction is completed, you will be able to see OHM tokens in your MetaMask and then you can easily stake it on Olympus DAO.
How to stake OHM on Olympus DAO via MetaMask?
Follow these simple steps to stake your freshly purchased OHM tokens,
- Open your preferred browser and then visit the official website of Olympus DAO.
- Click on the “Enter App” and then “Connect Wallet” buttons.
- Select MetaMask and then follow the on-screen instruction to connect it with the platform.
- Now, click on the “Stake” button located at the left panel of the web page.
- Enter the amount of OHM that you would like to stake.
- Click on the “Approve” tab and then on “Confirm” in the pop-up section.
- Refresh the page and then again enter the amount of OHM.
- In the last step click on the “Stake OHM” and then “Confirm” in the pop-up section by MetaMask to finish the entire process.
Conclusion:
In conclusion, the only place to safely stake OHM tokens is Olympus DAO and if we talk about the process of buying and staking OHM via MetaMask then it is easy and straightforward.
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