Stake
Learn how to stake in Meta Pool step by step
Last updated
Learn how to stake in Meta Pool step by step
Last updated
Meta Pool allows Multi-chain staking: $ETH, $NEAR, $AURORA, $WNEAR, $Q and $ICP token holders can stake and earn rewards, while also providing an easy way to unstake with no lockup period.
1) Go to https://www.metapool.app/ an then to the Stake section. Or directly to: https://www.metapool.app/stake.
2) Token selection: Choose the token of your preference. Note that by default the staking is in the $NEAR token, but make sure to select the desired token and that the Stake option is selected.
Here you can simulate a transaction, without having to connect your wallet.
3) Connect your wallet by clicking the Connect wallet button.
Next to Connect your Wallet button in the header at the top right is the network selector. It will change in the different sections of Meta Pool according to the possibility of interacting with each network.
4) Choose your preferred wallet according to the token preselected befor, for this example, we will use MyNearWallet for the $NEAR token.
5) Enter the amount that you wish to stake, then click 'Stake' according to the Token selected.
Note, the minimum you are allowed to stake according to the token selected:
1.00 $NEAR
1.00 $wNEAR
1.00 $AURORA
0.01 $ETH
1.00 $Q
0.01 $ICP
Note: always leave some $NEAR or $ETH or $Q or $ICP (depending to the Token selected) on your wallet to cover transaction costs.
6) $wNEAR Permission and Fee: To operate with $wNEAR, the selected wallet will request permission to be provided in order to stake. This is done by approving the amount to be authorized in a transaction prior to stake approval. Therefore, two actions are required to stake.
Permission: Enter the desired amount to stake. Then press the "Give permission" button.
In your wallet, enter the amount for which you want to give permission to the application. It must be equal to or greater than the amount to be staked.
If you choose the "Use default" button, the system will incorporate the maximum possible amount that will allow you to interact without being asked for this permission again. If you choose the "Max" button, the system will automatically complete with the maximum balance you have of this asset (in this case $wNEAR token). But you can complete the field with the desired amount, taking into account that it must always be equal to or greater than the amount for which you wish to carry out the transaction.
Fee: Keep in mind that ONLY staking with the $wNEAR token involves a small fee of 0.1%.
7) Stake: click on the "Stake now" button and "Approve" or "Confirm" the transaction in your wallet.
You'll get confirmation after the transaction has been processed by the blockchain and your stake deposit has been successful. This usually only takes a few seconds.
8) Dashboard: Now you can find your accounts holdings on the Dashboard section. https://www.metapool.app/dashboard
