Staking KSM with StaFi
How to stake KSM with StaFi
Required Wallet
PolkadotJS wallet:
- Install the PolkadotJS wallet extension for Chrome (opens in a new tab) or Firefox (opens in a new tab).
- Once installed, follow the prompts to create or import your wallet.
Go to KSM staking page
Visit the KSM staking page (opens in a new tab) and click the "Stake" button.
Connect Wallet
Click on the “Connect Wallet” button to connect your PolkadotJS Extension wallet.
Select Kusama Wallet
Switch to your Kusama Wallet from the drop-down list shown.
Input staking amount
Enter the amount of KSM you would like to stake. Review the amount of rKSM you will receive and the Annual Percentage Rate (APR) for staking. Click the "Stake" button to proceed.
Note: The minimum staking amount required is 0.005 KSM.
Confirm transaction and await for confirmations
Upon clicking “Stake”, you will be redirected to your PolkadotJS Extension wallet. Review the transaction details, and click on the "Sign the transaction" button to sign the transaction. Wait for the transaction to be confirmed and the staking operation to be completed successfully.
Track Rewards
Monitor your staked KSM and its rewards by visiting your Profile (opens in a new tab).
Unstake
Go to KSM unstaking page
Visit the KSM unstaking page (opens in a new tab), and proceed by clicking on the "Unstake" tab.
Input unstaking amount
Enter the desired amount of rKSM 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 PolkadotJS Extension wallet.
Confirm the transaction details, including gas fees. Click the "Sign the transaction" button to sign the transaction.
Wait for the transaction to be confirmed and the unstaking process to be completed successfully.
Note: Unbonding rKSM takes 8 days. KSM will be sent to your wallet after the unbonding period has ended.*
