Staking Process
Learn how to effortlessly stake your tokens and start earning yields through our DeFi Staking pools.
Last updated
Learn how to effortlessly stake your tokens and start earning yields through our DeFi Staking pools.
Last updated
Here, we will walk you through an example process of locked staking in the $EARN pool by using the Ethereum chain. The staking process remains the same for all assets available on other blockchains.
1. Visit the offer page of the asset that you want to stake Navigate to the Earn Network DeFi staking section and choose the asset you wish to stake. You can select from various cryptocurrencies available on many popular blockchains like Ethereum, BNB Chain, Avalanche, etc.
2. Connect your wallet Click on the “Connect Wallet” button and select the proper chain that the pool is using. Right after connecting, you’ll be able to check your account balance together with funds that interact with our staking pool.
NOTE: The first wallet supported by our platform DeFi Staking product is MetaMask. Make sure you have your staking coins and some ETH, BNB or other coin to cover fees on the appropriate network supported by our pools.
3. Choose or test your staking strategy Choose a staking period and input a staking amount to see the potential rewards you can earn. In most cases, returns are based on these two factors. However, some of the rewards may have additional eligibility criteria to qualify for them, such as the minimum staked amount or holding a particular token or NFT. You'll receive all the rewards for which you've met the requirements. Click "Stake" to finalize your participation.
4. Approve and stake your tokens A pop-up window will appear, prompting you to enter the amount of tokens you wish to stake. First, click on “Approve” and confirm the transaction in MetaMask. Once approved, click the “Stake” button and confirm this final transaction in your wallet.
5. Staking confirmation After completing the approval transaction, click on the “Stake” button and confirm it with your wallet.
6. Congratulations! You have successfully staked your funds.
NOTE: Keep an eye on your staked assets and pending rewards, including claimable tokens and NFTs, either in the component below the pool or on your dashboard. Stay active and adjust your staking strategy as new rewards are added to the pool, ensuring you can actively participate in securing the latest rewards.
