How to stake KWENTA
Tutorial on how to stake your Kwenta tokens
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.
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.
In the lower middle of the staking tab you can see the window where you can Stake or Unstake KWENTA tokens:
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".
- 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 contract - Confirm the transaction in our wallet
Congratulations! You are now staking KWENTA!
Inflationary KWENTA rewards are locked for a period of 1 year. Once the one-year vesting period is complete, KWENTA can be withdrawn from the staking portal and freely used at the stakers’ discretion.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.
If users want to vest their KWENTA immediately, a 90% early vest fee is applied which diminishes linearly over the one-year period. The potential early vest fee on escrowed KWENTA can be found under the Escrow tab.
Last modified 6mo ago