# Token and LP Staking

LP Staking - We have developed a liquidity staking dapp. This will enable the community to support the liquidity at Pancakeswap and at same time earn Talkado coin by staking the LP token at the Talkado LP staking dapp. 

{% hint style="info" %}
Liquidity *Staking* is the process of *staking* the liquidity you add to the Pancakeswap pools (either BNB pool or USDT pool) and earning TLOT as reward in return.
{% endhint %}

The Legend Of Talkado Coin Staking - Talkado Coin holders will be able to stake their coin and earn more TLOT as a reward. The Legend Of Talkado dev team is currently working on the Talkado  LP Staking dapp platform to extend it to Token staking.  The  version2 of the Talkado staking platform will be released and it  will future the LP Staking and Talkado Coin Staking.

> Crypto staking involves **"locking up" a portion of your cryptocurrency for a period of time as a way of contributing to a blockchain network**. In exchange, stakers can earn rewards, typically in the form of additional coins or tokens ([According to Business Insider](https://www.businessinsider.com/personal-finance/staking-crypto?r=US\&IR=T))

The beauty of both the LP and TLOT Staking is that it will help to reduce the circulatory supply and encourage holding of the coin. This is good for the project and mostly beneficial to stakers as they will get rewards for supporting liquidity and holding their TLOT Coin.

{% embed url="<https://talkado.app/>" %}
Checkout the Talkado LP Staking Dapp.&#x20;
{% endembed %}

**How to use lp staking dapp**

Get your LP token from Pancakeswap and then follow the steps on this app (<https://talkado.app/>) to stake your LP token and earn Talkado Coin.

The Steps are outlined below :

* &#x20;**Connect your wallet**
* **Input the amount of LP to stake**
* **Select 'LOCK' Period**
* **Select 'STAKE' button**
* **Confirm transaction in your wallet**


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://doc.talkado.io/token-and-lp-staking.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.