How To Stake Imps (👿,👿)
Last updated
Last updated
Go to the Stake page of the ImpDAO website. Select the "Stake" tab.
Click "Approve" and sign the transaction.
After the "Approve" transaction has been processed successfully, enter the amount of IMP that you would like to stake in the input field. If you would like to stake all your IMP, press the "Max" button and the input field will be populated with all your available IMP balance.
Click "Stake" and sign the transaction. Voila, you have staked your IMP and received sIMPs in exchange!
Go to the Stake page of the ImpDAO website. Select the "Unstake" tab.
Enter the amount of sIMPs that you would like to unstake in the input field. If you would like to unstake all your sIMPs, press the "Max" button and the input field will be populated with all your available sIMPs balance.
Click "Approve" and sign the transaction.
After the "Approve" transaction has been processed successfully, click "Unstake" and sign the transaction.
Note: The "Approve" transaction is only needed when staking/unstaking for the first time; subsequent staking/unstaking only requires you to perform the "Stake" or "Unstake" transaction.
APY tells you the annualized rate of return based on the reward yield. It takes into account the effect of compounding since sIMPs rebases exponentially.
TVL measures the dollar amount of all the staked IMPs in ImpDAO.
Current Index allows you to track your gain from staking. The index started from 1 at epoch 0, and increases every epoch. If you staked at genesis (epoch 0) and never unstaked any IMP, your balance today would be X times greater, where X is the current index. You can use the index to track your position by marking down the index number when you stake and unstake. You divide the index number when you unstake by the index number when you stake to get the ratio by which your sIMPs balance has increased.
Your Balance tells you how many unstaked IMPs are in your wallet. This is the maximum amount that you can stake.
Your Staked Balance tells you how many staked IMPs are in your wallet. This is the maximum amount that you can unstake.
Next Reward Amount tells you how much sIMP you are getting next rebase,
Next Reward Yield tells you how much your sIMPs balance will increase when the next epoch begins. For example, if you stake 100 IMPs and the upcoming rebase is 0.1%, your sIMPs balance would increase from 100 to 100.1
ROI (5-Day Rate) estimates how much your sIMPs balance will increase after 5 days, if the reward yield stays the same during this period. For example, if you stake 100 IMP and the rate is 2%, your sIMPs balance would increase from 100 to 102 after 5 days.
