Staking Process
Learn how to effortlessly stake your NFTs and start earning yields through our NFT Staking pools.
Last updated
Learn how to effortlessly stake your NFTs and start earning yields through our NFT Staking pools.
Last updated
Here, we will walk you through an example process of locked staking in the EARN NFT 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 NFT Staking section and choose the asset you wish to stake. You can select from various NFTs 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 NFTs 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 coins to cover the fees on the appropriate network supported by our pools.
3. Choose your staking strategy Choose a staking period and input a staking amount (or token IDs) 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 NFT 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 NFT.
NOTE: You can monitor your staked assets, along with pending rewards, claimable tokens and NFTs, in the component below the pool or via your dashboard.
