How to stake KWENTA
Tutorial on how to stake your Kwenta tokens
The cooldown period is NEW, and the time required before unstaking your tokens is possible. The cooldown period to unstake your tokens is two weeks & the clock starts ticking from the last time a staker interacted with the v2 staking contracts. This includes adding to your staked balance with liquid $KWENTA or escrow $KWENTA.
Basic Steps for Staking on Optimism
Transfer $KWENTA to a compatible wallet: MetaMask, Trezor, Ledger, Coinbase Wallet, Trust Wallet, Rainbow Wallet, or other Wallet Connect-supported wallets.
Before proceeding, ensure you're connected to the Optimism network
Step 1: Navigate to the Kwenta Staking Dashboard
The Kwenta Staking tab is a part of the Kwenta Dashboard. You can navigate to it using the sidebar on the left side of the Dashboard.
Step 2: Connect your wallet
The first step is to connect your wallet holding KWENTA tokens to the Kwenta staking page. Click the Connect Wallet button on the top right corner and connect your wallet of choice.
Step 3: Stake KWENTA
In the staking tab, you can see the stake or unstake buttons:
This section is used to deposit your KWENTA into the staking contract and start staking. Here you can see the amount of KWENTA you have available for staking next to "Balance".
Executing a staking transaction
Input the amount of KWENTA you want to stake into the input field
Approve: Send a transaction to approve the contract to stake your Kwenta
Stake: Click on the
Stakebutton to send your Kwenta allocation to the staking contractConfirm the transaction in our wallet
Congratulations! You are now staking KWENTA!
Inflationary KWENTA rewards are locked for a period of 1 year but transferable as they are NFTs.
Once the one-year vesting period is complete, KWENTA can be withdrawn from the staking portal and freely used at the stakers’ discretion. KWENTA rewards that are vesting can be staked to increase voting power and weekly rewards.
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