With diminishing ADA rewards from staking over time, there are other opportunities to maximise your return on ADA and lend ADA stake delegation to earn extra boosted staking rewards.
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You can learn more about Boosted Staking from Fluid Tokens to understand how the platform works and how you can use boosted staking.
Lending your ADA is easy and can be done within a few steps.
How to Lend ADA Staking Delegation to Earn More ADA Rewards
Follow these steps to easily lend ADA staking delegation to earn extra returns on your ADA.
Total time 10 minutes
Connect your wallet
Click “Connect” in the top right corner of the website and connect your wallet to the platform.
Navigate to Boosted Stake & Provide Liquidity
From the website’s top navigation, click “Boosted Stake” and then “Provide Liquidity”.
Enter in the amount of stake
To lend ADA stake, set the parameters for the ADA you provide.
1. Enter the amount of stake you wish to provide.
2. Set the APR you wish to have on the ADA
3. Set the maximum number of epochs you wish to use for the stake.
One epoch in Cardano is five days.
Confirm the transaction and sign
A transaction will be built for you to sign.
Confirm that the amount of ADA moving to the smart contract is correct.
Sign and submit the transaction.
Success!
Once submitted, you have successfully provided liquidity to the platform for a user to borrow. You now know how to lend ADA to earn boosted staking rewards.
Manage Your Active Stake Offers
At any point, you can visit your profile on the Fluid Tokens platform and see if anyone has borrowed your stake and for how long.
You can manage your position and cancel and withdraw the remaining ADA stake anytime. Any active ADA that has been lent can not be cancelled, and you will only regain access to that ADA’s stake delegation when the time period has expired.
Also, see how you can borrow stakes to delegate them to ISPOs and other airdrops on Cardano.
