Stake RAM (Earn BTC)
Last updated
Last updated
This guide will walk you through the steps needed to stake your RAM in the to begin earning BTC. RAMS EOS is one of the leading DAOs (Decentralized Autonomous Organizations) on EOS and the provider of useful utilities for EOS RAM.
Deposited RAM is loaned to the project, with the goal of reaching the 108 GB necessary for the exSat platform to operate. Users can participate in the campaign by depositing RAM and when the amount of deposited RAM reaches 108 GB, users who participate in depositing RAM will share the reward proportionally. Only the first 108 GB will be rewarded. Learn more about the campaign at .
✅ What You'll Need Before Getting Started
First, head over to the RAM Lending platform on RAMS EOS at: . Then, you can login by selecting the "Connect Wallet" button in the upper righthand corner of the screen. Select the appropriate wallet, then follow the onscreen prompts to launch the wallet and sign the request.
Once you're logged in, enter the quantity of RAM that you'd like to loan in bytes. Finally, select "Confirm" and follow the on screen prompts to launch your wallet and sign the request.
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After signing the request in your wallet, you sould see a success message, indicating that the action is complete. At that point, you're RAM is loaned to the RAMS EOS DAO for use in the and no further action is needed. Once the pool reaches 108 GB staked, users who participate in depositing RAM will share the reward proportionally.
As a reminder, only the first 108 GB of RAM staked will be rewarded. Users who join after 108 GB will not win any rewards. Additionally, it's important to note that the function to withdraw the RAM from the staking pool will be opened after 108 GB is raised. Much of the information in this guide was provided by the RAMS DAO resources. You can learn more about this initiative by heading to .
