Staking

Welcome to the Staking documentation! This page will guide you through how to stake your tokens and participate in our staking program. Staking allows you to earn rewards by locking up your tokens in a staking pool. Follow the instructions below to get started!

Table of Contents

What is Staking?

Staking is the process of locking your tokens into a smart contract to support the network’s operations (e.g., validating transactions or securing the network). In return for staking your tokens, you earn rewards over time. This is a great way to earn passive income from your assets while helping the network grow.

Getting Started

To start staking, follow these steps:

How to Connect Your Wallet

  1. Install a Web3 Wallet: Install a Web3-enabled browser extension like MetaMask or connect a Web3 wallet of your choice.
  2. Connect to the Platform: Click the "Connect Wallet" button on the staking page. Select your wallet provider and approve the connection.
  3. Select the Network: Ensure you are connected to the correct network (e.g., Binance Smart Chain).

How to Stake Tokens

  1. Choose the Staking Pool: Select the staking pool that you wish to participate in.
  2. Enter the Amount to Stake: In the staking interface, input the number of tokens you wish to stake. You can use buttons to quickly stake 25%, 50%, 75%, or 100% of your available balance.
  3. Approve the Token: If this is your first time staking, you will need to approve the token spend. Simply click "Approve" to authorize the contract to interact with your token balance.
  4. Confirm Staking: After approval, click "Stake" to finalize your staking transaction. Your tokens will be locked in the pool, and you will start earning rewards.

How to Withdraw Staked Tokens

  1. Check Pending Rewards: Before withdrawing, check how many rewards you have earned. This can be seen on your dashboard.
  2. Initiate Withdrawal: If you wish to withdraw your tokens, click "Withdraw." You can withdraw either the original amount you staked or your earned rewards.
  3. Confirm Transaction: Approve the withdrawal transaction in your wallet. Once confirmed, your tokens will be returned to your wallet.

Rewards and APR

The Annual Percentage Rate (APR) is calculated based on the total amount of tokens staked and the reward distribution. Here’s how it works:

The APR will fluctuate depending on the total number of tokens staked in the pool. For example, the current APR for the LIX Staking Pool is 93%.

Staking Fees

There may be some small transaction fees associated with staking and withdrawing your tokens. These fees are for the processing of transactions on the blockchain and are generally minimal (gas fees).

FAQs

1. How long do I need to stake my tokens?

Tokens are staked for as long as you choose. You can unstake them at any time.

2. Can I stake more tokens later?

Yes! You can add more tokens to your stake at any time by repeating the staking process.

3. How do I know how much I’ve earned?

Your rewards are shown on the staking page. You can also check your balance at any time through your connected wallet.

Contact

If you need further assistance or have any questions, feel free to reach out to our support team: