What is $stICP?

stICP

Step 1: Selecting a Wallet

To start staking ICP through Meta Pool, users first need to select an ICP wallet. We offer multiple wallet options to accommodate different user preferences. https://wallet.bitfinity.network/ https://plugwallet.ooo/

Step 2: Connecting to Meta Pool

After choosing a wallet, users need to connect it to the official Meta Pool website at metapool.app. Once connected, users can create a transaction to deposit ICP and mint stICP tokens. These tokens represent a share in the staked ICP tokens within the protocol Neurons, and their value increases as more ICP is staked.

Step 3: Withdrawing Funds

When users wish to withdraw their funds, they need to create a withdrawal order. The withdrawal process can take up to six months, depending on the protocol's liquidity. To offer more flexibility, we plan to introduce a liquidity pool that will allow users to instantly swap between stICP and ICP, bypassing the waiting period. However, as this is a blockchain environment, anyone could potentially create a similar liquidity pool.