# mSPELL

mSPELL staking allows users to stake their SPELL tokens and earn stablecoin MIM income coming from the protocol revenue! mSPELL staking has been implemented after the passing of AIP#8 which can be found [**here**](https://forum.abracadabra.money/t/aip-8-an-update-on-abracadabra-fee-distribution-introducing-mspell-staking-pools/3218)!

#### How it Works:

Users can choose their preferred staking method. For **mSPELL**, the fees generated from the lending markets are held in **MIM** and shared across different staking pools proportionally. In other words, **MIM** will be distributed based on the amount of **SPELL** staked in the pool—similar to the process used in the **sSPELL** pool.

**mSPELL stakers** can claim their **MIM** at any time using the **Claim** button.

**mSPELL staking** is available on **Avalanche, Arbitrum, Ethereum**, and **Fantom Opera**.

#### How to Use mSPELL:

1. Head over to the **Staking** page under **Stake → SPELL**.
2. From there, you can select **mSPELL** and choose the chain you want to stake on.

{% hint style="info" %}
The chain you stake from has no impact on the APR you will get! Each chains receives the same APR.
{% endhint %}

![](/files/iCQIPjhLI0bbMnHtFlgo)

Please note that all **mSPELL** tokens are subject to a **24-hour lock-up period**. This means that whenever a user deposits **SPELL** tokens, they will not be able to unstake them for the next 24 hours.

Similarly, after depositing **SPELL**, users will not be able to claim rewards for the following 24 hours.

### Claiming MIM

To claim your pending **MIM** rewards, simply click the **CLAIM** button on the right side of the screen. Confirm the transaction in your wallet and wait for the network to confirm it. Once confirmed, your pending **MIM** rewards will be successfully harvested!

## Staking APR:

The staking APR is determined by looking at the last 30 days of revenue. It is variable and depends on the revenue generated by the DAO.

{% hint style="danger" %}
Do not send tokens directly to the contract, they will be lost.
{% endhint %}

Note that mSPELL is not a token, It is staking mechanism. You will not get back a token, but will have an opened position, exactly like when using our cauldrons. 

The mSPELL deployment addresses are:

* Ethereum: 0xbD2fBaf2dc95bD78Cf1cD3c5235B33D1165E6797
* Avalanche: 0xBd84472B31d947314fDFa2ea42460A2727F955Af
* Fantom: 0xa668762fb20bcd7148Db1bdb402ec06Eb6DAD569
* Arbitrum: 0x1DF188958A8674B5177f77667b8D173c3CdD9e51


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