Have you read my previous posts about Moe's Rager here on Hive? Well, it has been an awesome month with lots of rewards, but from Monday January 6th, they are about to get even higher. What does that mean?
If you stake MOE tokens on the Merchant Moe platform, you can vote for different trading pools/liquidity pools on the platform, and based on the votes, the MOE tokens are handed out to those adding tokens to the different pools.
But, you are also heavily rewarded for voting. What does that mean? Let me show you an example.
How you earn rewards from voting on Merchant Moe now...
If you own 1,000 MOE tokens and stake them, that gives you 1,000,000 veMOE voting power. If you vote with this, it gives you currently daily MNT rewards of $0.2.
What is the price of 1,000 MOE tokens? At the moment, $145. That daily reward of $0.2 is extremely good, and you also earn platform revenue by staking your tokens. If it would progress with that tempo, you will earn back 1% of your investment in 7 days (approximately). But, right now rumors tell us that the rewards will be boosted heavily from Monday. What does that mean? We don't know yet, but maybe you will earn $0.3 or $0.4 daily with your 1,000 staked MOE tokens.
Now, this might sound risky, but don't forget that Merchant Moe is the protocol with the highest total locked value on Mantle, and it is by far the most popular and best DEX on the platform. If Ethereum goes on a bullrun, it will bring L2-s (like Mantle along), and if Mantle which is a very trending blockchain boosts, you can know for sure that Merchant Moe will follow along!
This is just sharing my thoughts with you, so do your own research and let me know what you think!