Lara is a staking and delegation protocol written in Solidity.
Why should you use Lara?
It allows users to stake tokens, delegate them to validators, and claim rewards, all automatically.
How Lara works
Besides making staking a one-click, KYC-less process, it helps you earn more via its auto-compounding features.
Why is Lara liquid?
If you stake with Lara, you receive an auto-compounding stTARA token that will automatically accrue your staking rewards.
Why is stTARA useful?
Besides enjoying the high APYs on Taraxa you can use your derivative staked token across a range of DeFi applications.
If I trade my stTARA so I still get my staking rewards?
No, once you traded(or moved) your tokens the recipient address will accrue the staking rewards associated to the percentage of the stTARA from the total supply.
How can I withdraw my TARA tokens?
To withdraw your Tara tokens you need to create an undelegation request and wait for the protocol level undelegation period.
How can I create an undelegation request?
First, you need to approve the specific amount of stTARA towards the Lara address. Then, when you call the requestUndelegate() method you need to specify the amount and it will burn your stTARA. After, you need to wait.
How do I add a custom token to my MetaMask wallet?
Once your wallet is connected, the wallet address will be displayed at the top-right corner of the page. Clicking on this address will prompt a menu or dialog that provides options for managing tokens. In the dialog, you will find an "Add Token" button.