Overview
MuesliSwap Staking is a rewards program that lets you lock up MILK tokens and earn other Cardano tokens in return. You deposit MILK into a reward pool, and the pool pays out a partner project's token over time, shared among everyone staking in it. It sits inside MuesliSwap, one of Cardano's decentralized exchanges, alongside its trading and liquidity tools.
This is different from the ADA staking most Cardano users know. Instead of delegating ADA to a stake pool to help secure the network, you stake MuesliSwap's own MILK token to collect reward tokens from ecosystem and launchpad projects. MILK is MuesliSwap's fixed-supply governance and utility token, so staking is one of several ways holders can put it to work.
Key Features
- Earn tokens for holding MILK. Deposit MILK into a reward pool and receive a partner project's token, paid out to everyone in the pool in proportion to how much they staked1.
- Stake and unstake whenever you want. The active flexible model has no lock-up, so you keep control of your MILK and can move to a new pool as fresh ones launch1.
- Rewards claimed automatically. When you withdraw your MILK, the reward tokens you have built up are sent to your wallet in a separate on-chain transaction, so nothing is left behind1.
- A window into new ecosystem tokens. Pools are often funded by launchpad projects, giving stakers early exposure to tokens from teams building on Cardano2.
- Backed by audited contracts. MuesliSwap's version 2 smart contracts were independently reviewed by MLabs, a Cardano engineering firm. The audit flagged issues, including a top-severity one, which the team fixed; MLabs found no critical issues remaining in the revised contracts3.
What to Expect
You reach staking through the Earn section of the MuesliSwap site. Each available pool shows the reward token it pays, how much MILK is staked in total, and an estimate of what you would earn per MILK if you stay until the pool closes. You choose a pool, deposit MILK, and start accruing rewards.
Because the flexible model carries no lock-up, you can leave a pool at any time and claim what you have earned. The set of pools changes as projects fund new reward campaigns, so what is on offer shifts over time. MuesliSwap points users to its community channels to hear about upcoming pools.
MuesliSwap is non-custodial, meaning your tokens stay locked in on-chain contracts rather than held by the team4. A separate mechanism called MYield Transform lets liquidity providers convert a farming reward token into the right to buy MILK at a set price, which is distinct from staking MILK for rewards5.
