Hello lovely people,
Am bulding a dapp where users must stake x amount of my token to use the dapp, but stuck somewhere
Do i have to create LP TOKEN and get lp pair address so all the staked token on my dapp will go to that lp?
Or do i have to create a staking contract that will just hold the token people stake, in this case thats a timelock contract not staking
The best explain the staking mechanism i want to deploy is IDO platforms ( trustpad for example)
To be able to participate in any IDO you have to stake x amount of the platform token, and you will get 10% apr for example
I have no problem with coding, but need to understand the logic behind this mechanism.