StakeMyGold

Frequently Asked Questions

Welcome to Stake My Gold FAQ! Here, we've compiled answers to the most common questions about our platform, staking process, yields, and more. If you don't find what you're looking for, feel free to contact our support team:

Go to Telegram ↗

General Questions

StakeMyGold is a decentralized finance (DeFi) platform that allows users to stake gold-backed tokens like GGBR, PAXG (coming soon), XAUT (coming soon), to earn passive income. We combine the stability of gold with innovative real world lending yield strategies, including dynamic allocation and sustainability initiatives, targeting up to 15.0% APR for GGBR stakers.

Where to get GGBR?

You have several convenient options for acquiring Goldfish (GGBR) tokens, whether you prefer a decentralized exchange (DEX), a centralized exchange (CEX), or direct purchase.

Purchase Method	Type	How to Buy
StakeMyGold	Decentralized OTC	This is the direct way of purchasing GGBR. Fully decentralized, no slippage, very low fees. We recommend purchasing here as you will get a much better price regardless of your order size.
Uniswap	Decentralized Exchange (DEX)	This is the fastest way to get tokens into your wallet for crypto-savvy users without any restrictions and identity verification worldwide. You will need a Web3 wallet (like MetaMask) connected and sufficient ETH to cover gas fees.
MEXC.com	Centralized Exchange (CEX)	Does not serve US clients. Otherwise, one of the most active exchanges in the industry is to buy or trade GGBR/XAUT/PAXG tokens. MEXC features fiat on-ramp; however, forces identity verification is you want to use fiat currencies or move larger amounts in crypto.
BitMart.com	Centralized Exchange (CEX)	Does not serve US clients. Features fiat on-ramp and good trading volumes. A good and trustworthy exchange for buying and trading GGBR/XAUT/PAXG.

Yield and Strategies

Term Staking

This is our most straightforward earning method: simply lock your GGBR for a set duration to accumulate yield. You can choose between two subcategories:

Full Lock: Commit your GGBR for a fixed period to secure the platform's highest yields. Your assets remain locked until the term expires.

Optional Lock: Offers flexibility to unlock at any time in exchange for slightly lower yields. Note that unstaking early incurs a 30% penalty on the interest earned during that staking period.

Under either option, you can boost your APR by delegating GFIN, the Goldfish governance token. We use your delegated GFIN to participate in protocol governance while you maximize your staking returns.

stGGBR Staking

Normally, when you stake in standard pools on StakeMyGold, earning your fixed yield is the final step of the process. It is very similar to buying a Certificate of Deposit (CD) from a bank; your assets sit there and earn.

Placing your GGBR into the stGGBR pool works differently. Instead of just locking your tokens, you receive stGGBR tokens in your wallet as a digital receipt.

This provides two major advantages:

The value of your stGGBR is constantly increasing thanks to the built-in yield component.

Because that token sits freely in your wallet, you can take it and interact with other DeFi protocols. You can use your stGGBR on other platforms to stack rewards and increase your yield even further.

Ultimately, stGGBR is built for deep integration with the broader blockchain DeFi ecosystem, giving you flexibility that standard staking cannot.