How To Stake
Last updated
Last updated
On this page you can learn how to stake your tokens and collect your staking rewards.
Being a platform that uses web3 technology through different networks, before being able to interact with the tools of the platform you must connect a wallet.
Click on the following link to see how: How to connect my Wallet to Powadap?
In the lateral menu we must click on the "Staking" option and then in "Token Pools"
Once inside, you can visualize the pools available for the network where you are connected.
On the list, you can visualize synthetic information about each of the pools.
1: Pool ID. 2: Stake Token. 3: Reward token. 4: Amount of blocking days. 5: APY estimated. 6: Number of slots available. 7: Pool filling progress bar. 8: Amount of tokens for minimum and maximum stake. 9: Total Staked Value (total current tokens that users have positions in the pool). 10: Button to see more pool information.
If you are interested in seeing more information or participating in a certain pool click on "View pool".
Once inside the panel panel, you can visualize three defined sections:
Contextual information and actions: In this section you can see information about your participation in the pool, amount of tokens inside, dynamically generated rewards and remaining time to be able to claim these rewards. It will also have three action buttons, "Stake", "Unstake" and "Unstake With Rewards".
General information of the pool: There will have a list with precise information about the Pool conditions for evaluation and monitoring.
FAQ: Frequently asked questions and complementary information about the operation of Pools.
Within the first section, it will have three action buttons that will be enabled/disabled contextually depending on the state of the Wallet connected to the Staking Contract.
Stake: For Stake our tokens.
Unstake: For withdraw your tokens without rewards before the end of the lock period (Unless you have checked that you wish to lock in your tokens until the expiration date).
Unstake With Rewards: For withdraw your staked tokens with our rewards. Only available after the lock period duration.
Click on the "Stake" button.
In the contextual section the interface will appear with a scroll bar to select the amount of tokens you want to invest in the pool. The amounts will increase in relation to the value of 1 slot. You can invest from 1 to the maximum amount of slots per wallet that has been defined.
You should also read and accept the risks that Staking involves. As well as the general disclaimer on the platform start page should also take into consideration.
You can select the option to "claim your tokens at any time". This option will allow you to have enabled the "Unstake" button from the beginning of your participation. Consider that if you claim your tokens with this button ("Unstake") and not with "Unstake With Rewards" at the end of the blocking period, you can recover your tokens early, but not receive the rewards.
Once you are happy with the selected amount and the conditions, you should approve permission to the contract on the use of the amount of tokens and execute the action of entering the pool through the "Approve & Stake" button. The request for "Approve" will be executed first, after processed, the request for interaction with the contract will be executed.
Consider that there is no taxes in user actions, you should only pay the cost of gas requested by transactions within the blockchain where you are interacting.
Once the transactions are processed, the contextual panel returns to its previous state with the updated information of your participation.
Congratulations! Now you can wait for your rewards.
When the lock time is finished, click on "Unstake with Rewards", accept the request for interaction with the contract and then the contract will send you the tokens you put at the beginning, added to the corresponding rewards.
*The images used are merely representative.
