What is the RMPL Cradle?
The RMPL Cradle is a liquidity staking platform where investors can stake their RMPL tokens for a specified period of time to provide liquidity, supporting buys and sells, for the RMPL token on the Uniswap decentralized exchange.
Investors essentially act like a bank and “loan” their tokens to the Cradle, receiving interest rewards in the form of RMPL tokens from the ecosystem pool at an attractive Annual Percentage Yield (APY) on top of rebases applied to the staked tokens.
The RMPL ecosystem pool unlocks over time, and investors receive their share of the unlocked pool according to their stake in the network.
What are the Benefits of Staking on the RMPL Cradle?
Rebase + APY + Rewards Multiplier + Increased Market Cap Share = Phenomenal Returns
Annual Percentage Yield: The RMPL Cradle incentivizes investors to stake their tokens first by offering an attractive Annual Percentage Yield on the staked tokens. This is interest you earn in the form of RMPL token rewards on top of the increases you receive from RMPL rebases, which are also applied to your staked tokens.
The rewards are earned over time, so the longer you HODL RMPL, the more rewards you earn, and your rewards amount is increased as your staked RMPL supply grows with positive rebases.
For example, if you deposit 1,000 RMPL with an APY of 125%, you receive 125% (2.25 times your initial investment) within a year totaling 1,250 RMPL token rewards. This gives you 2,250 RMPL over one year without factoring in any rebases, which would increase the amount exponentially.
With 1,250 RMPL to be rewarded over the year (not counting rebases), the daily amount would be 1,250/365 = 3.42 RMPL per day in rewards.
As soon as the next rebase hits, then the APY will apply to that too, and you’ll be making interest on your already compounded interest.
This gives you earned interest on top of compound interest! Do you feel like a banker yet?!
Rewards Multiplier: If you stake your RMPL tokens in the Cradle for at least 60 days, your staked tokens begin earning 3x rewards!
Now you have interest on top of compound interest multiplied by THREE.
Increased Market Cap Share: As you receive RMPL token rewards in the Cradle, your ownership percentage of the market cap continually increases as long as you continue staking. With RMPL token rebases, your token count changes as supply increases or decreases, but your ownership percentage remains the same. Cradle staking rewards increase your ownership percentage, so as the Market Cap grows, the value of your holdings is multiplied once again!
How do I jump in the RMPL Cradle and stake my tokens?
The RMPL Cradle is best supported by the Meta Mask ERC20 token wallet, which can be easily downloaded and installed from metamask.io.
To stake your tokens in the RMPL Cradle you must deposit both RMPL and an equivalent amount of ETH into Uniswap, which will generate a special UNI-V2 liquidity token for WETH/RMPL and place it in your Meta Mask wallet. You then must deposit this liquidity token into the Cradle through the Cradle dashboard.
Here are easy steps to follow:
1. Deposit ETH and RMPL into Uniswap V2 at https://app.uniswap.org/#/add/ETH/0xE17f017475a709De58E976081eB916081ff4c9d5
Make sure you have your Meta Mask wallet connected to Uniswap, and that you have enough RMPL and ETH in your wallet to make your transaction. You will need enough ETH to match the value of the RMPL you are sending, and you will need ETH for gas fees.
Select the RMPL amount you would like to deposit, and the matching amount of ETH will automatically fill in. Click the Supply button to add liquidity. See the screenshots below.
2. Receive UNI-V2 LP Tokens.
The UNI-V2 liquidity tokens are tokens combining ETH and RMPL that are created in the Uniswap transaction. These new tokens will automatically be deposited into your Meta Mask wallet once you hit “Confirm Supply” and the transaction successfully processes.
3. Stake those UNI-V2 LP Tokens in the Cradle at https://rmpl.io/cradle/
To do this, go to the RMPL Cradle dashboard and connect your Meta Mask wallet.
Note: the RMPL Cradle also supports the Coinbase wallet.
Next click the “Deposit” tab. Just under the “Stats” tab, you will see the balance of UNI-V2 tokens available in your linked wallet for deposit. Note: In the RMPL Cradle dashboard, these tokens are referred to as UWETHRMPL-V2 tokens.
Also on this page, you will see your estimated monthly rewards at the time of deposit.
Click on “Max” to deposit all of the tokens, and then click “Deposit” again at the bottom of the screen. You will need to confirm the ETH transaction fee in Meta Mask, and then your transaction will be submitted to the blockchain to be mined and deposited.
Once you have deposited your liquidity tokens, you may view your ETH and RMPL balance by clicking the “Withdraw” tab and clicking on the information icon that appears next to the deposited balance.
RMPL CRADLE FAQs
- Will I still benefit from rebases if my RMPL is in the Cradle?
Yes, staked RMPL tokens do benefit from RMPL supply rebases. - Do I have to deposit ETH with the RMPL tokens to stake them?
Yes, you must deposit an amount of ETH equivalent to the amount of RMPL you deposit. You will also need ETH for gas fees for all transactions. - What is the max rewards multiplier?
The maximum rewards multiplier is 3. A staker qualifies for 3x rewards if they stake tokens in the Cradle for at least 60 days. - Will more tokens be added to the staking pool?
Yes, more tokens will be added as demand increases. - Can I withdraw my tokens at any time or are they locked for staking?
You may withdraw your staked tokens at any time; however, the rewards increase substantially over time as rebases occur and the ecosystem pool is unlocked.
Video Walk-through