Staking SWTH with StaFi
How to Stake SWTH with StaFi
Required Wallet
Keplr
- Download Keplr from the Keplr Website.
- Once installed, follow the prompts to import or create a new wallet address
Go to SWTH staking page
Visit the gallery page and click the “Stake” button.
Connect Wallet
Click on the “Connect Wallet” button to connect your Keplr wallet.
Input staking amount
Enter the amount of SWTH you would like to stake. Review the amount of rSWTH you will receive and the Annual Percentage Rate (APR) for staking. Click the “Stake” button to proceed.
Note: The minimum staking amount required is 1000 SWTH.
Confirm transaction and await for confirmations
Upon clicking “Stake”, you will be redirected to your Keplr wallet. Confirm the transaction details, including gas fees. To proceed, click on the “Approve” button to sign the transaction. Wait for the transaction to be confirmed and the staking operation to be completed successfully.
⚠️ Do not edit the Memo on the transaction. Your staking transaction will fail if you do so.
Track Rewards
Monitor your staked SWTH and its rewards by visiting your Profile.
The rSWTH Token
rSWTH: https://www.mintscan.io/stafi/assets
Additionally, rSWTH holders can participate in liquidity mining. To learn more about this opportunity, please visit this page.
If you need to bridge rSWTH, you can check the bridge guide.
Commission Fee
10% of SWTH staking rewards and 0.2% redemption fee will be allocated to StaFi DAO.
Unstake
Go to SWTH unstaking page
Visit the SWTH unstaking paged, and proceed by clicking on the “Unstake” tab.
Input unstaking amount
Enter the desired amount of rSWTH you would like to unstake, and proceed by clicking on the “Unstake” button.
Confirm transaction and wait for confirmations
After clicking “Unstake,” you will be redirected to your Keplr wallet. Confirm the transaction details, including gas fees. Click the “Approve” button to sign the transaction.
Wait for the transaction to be confirmed and the unstaking process to be completed successfully.
Note: Unbonding rSWTH takes 31 days. SWTH will be sent to your wallet after the unbonding period has ended.
