Using Staking as a Token Holder

The Staking page for a project updates based on the connected wallet. Users, whether they are members of the project or not, can visit this page to stake their tokens and claim rewards, i.e., distributed assets based on their token holdings.

Staking Your Tokens

To stake your tokens, use the Stake option on the Staking page for the project. You can specify an amount of tokens to stake up to the total you currently hold.

After you select the Stake button, you’ll need to approve two transactions: one to approve Decent managing the tokens and a second to carry through with the staking transaction.

Note that tokens cannot be transferred once they are staked. You may unstake your tokens after a period of time specified by the project owners. After unstaking tokens, you may transfer them freely.

Unstaking Your Tokens

To unstake your tokens, first you’ll need to be past the lock period as specified by the project owners, then you can use the Unstake option on the Staking page. You can specify an amount of tokens to stake up to the total you currently have staked.

Once your tokens are unstaked, you may transfer them freely or stake them again.

Reward Distribution

The project associated with your tokens will likely communicate to you, as part of their community, when there are rewards incoming. You should ensure that you have tokens staked, otherwise you will not receive your share of the rewards.

Reward Claiming

You can see your rewards balance on the Staking page and use the Claim All button to kick off a transaction to transfer your rewards to your connected wallet.

Note that rewards can technically come in the form of any type of token and may not always have a dollar value associated with them.