How to start staking?
Last updated
Last updated
The first thing you need to do is enter the staking portal. This can be done by going to kyoko.vault.inc to connect wallet where you will be greeted with the ‘Overview’ page that shows some basic information and statistics about the staking portal.
Please ensure that you only follow the official links in this article.
After you have connected your wallet, you’re ready to start staking. The next step is to pick the staking pool of your choice. In the main overview, click the large ‘Stake’ button, which will open up the screen below. This will show you the available staking pools.
*Since 80% of the entire staking rewards will go to those providing liquidity, it’s important to understand providing liquidity on Uniswap V2 — Please scroll down for a small tutorial.
Please understand that providing liquidity on Uniswap V2 is required to stake. Those providing liquidity on Uniswap V3 will not receive rewards.
When providing liquidity, make sure you use Uniswap V2 via this link
Prior to staking your tokens, you might want to find out more about each specific pool. To do so, press the ‘Stake’ button in white to head to the next screen.
You should now choose the settings that work for you. As mentioned above, you have the ability to choose between flexible and locked staking. Locked staking can increase your rewards over time depending on the duration of your lock.
After you have chosen your preferred settings, press ‘Approve’ as shown below.
A MetaMask prompt (or WalletConnect) will then appear and you’ll have to confirm the transaction. Please review the transaction and the gas fees before confirming your transaction.
After you have confirmed your transaction, please wait patiently as the Ethereum blockchain has to confirm the transaction at the other end.
After you have approved the contract to spend your KYOKO tokens, you have to make the second transaction to stake your tokens. Instead of ‘Approve’, you will now see ‘Stake’.
Once you press stake, A MetaMask prompt (or WalletConnect) will appear and you’ll have to confirm the transaction. Please review the transaction and the gas fees before confirming your transaction.
That’s all there is to it. Once the transaction is confirmed on the Ethereum blockchain, your tokens are then officially staked and you start collecting rewards straight away!
The first thing you do is heading over to the appropriate Uniswap pool. This can be done using the following link: https://v2.info.uniswap.org/token/0x14a32f050facf226ec60882398a9bf36d91dbac2
When you’re on this page, click the ‘Add Liquidity’ button as indicated in the image below.
When providing liquidity you need 50% KYOKO tokens and 50% USDT for this specific pool. In this step, you have to decide how many KYOKO tokens you want to use to provide liquidity, and you will see how much USDT you need on the other hand. This is shown in the image below.
When you select the right amount, it’s time to approve the transaction by pressing ‘Approve KYOKO’.
Once you press Approve, A MetaMask prompt (or WalletConnect) will appear and you’ll have to confirm the transaction. Please review the transaction and the gas fees before confirming your transaction.
Once your transaction is confirmed, you should press 'Supply',
After you press 'Supply', you see another screen pop up to confirm your transaction.
Once you press 'Supply', a MetaMask prompt (or Coinbase Wallet or WalletConnect) will appear and you’ll have to confirm the transaction. Please review the transaction and the gas fees before confirming your transaction.
That’s all there is to it! You are now providing liquidity that can be used to stake on the Kyoko staking portal.
Claiming your rewards works in the same way as staking. You simply head over to the ‘Rewards’ tab and search for the pool that shows a positive balance in the ‘Claimable rewards’ column.
Start by pressing ‘Claim’ which will bring up a MetaMask prompt (or WalletConnect) where you have to confirm the transaction. Please review the details and the gas fees before confirming your transaction.
Please be aware that rewards are subject to a 12 month lock as described in our token vesting.
If you find some parts are confused, you could join our Telegram or Discord to ask any question. Or you could email your suggestions for improvement to support@kyoko.finance, or tweet at the @Kyoko account. We would love to hear from you!
