How to use Staking
In Staking setup, only one token will be needed in order to start earning for rewards. The difference from Farming and Staking is that Farming needs to prepare two tokens to create LP Tokens while Staking only need one token to stake. The difference between the two could be seen in the LITEDEX interface, Farming has two tokens while Staking only with one token.
Staking
Farming
Start Staking
1. Visit the Staking page.
2. Connect your Wallet with the LITEDEX platform, click “Connect Wallet” at the top right.
3. Select the Wallet you use. In here we use Metamask.
4. Wallet will ask for confirmation to connect.
5. Once Wallet connected, the Connect Wallet button will change to your Address button, for example it looks like this.
6. Once your Wallet is connected, select the Token you want to stake.
7. In here we stake LDX tokens, make sure you have the tokens you want to stake.
8. Enter the amount you want to stake. In here we enter 100 LDX then click “Stake”.
9. Wallet will ask for confirmation of the action. Confirm first in your Wallet, and wait a moment.
10. Successful.
Watch the video below :
Add or remove Staking.
If you want to Add, remove and redeem the profit of Staking, it can be easily be done as we will provide the guide to it.
Remove in Staking
1. In the Staking page, find your Staking place and click on any part of the page to see more details.
2. On the detail section on the right, click “Remove”.
3. In Here we have Balance Staked 100 and want to reduce by 10. Enter the amount you want to remove, then click “Remove”.
4. Wallet will ask for confirmation of the action. Confirm, and wait a moment.
5. You have successfully removed Staking. This process automatically takes staked rewards.
Watch the video below :
Add Staking
1. Visit the Staking page.
2. Find your Staking, and click any part of the page to display the details.
3. In the detail section on the right, make sure the words “Stake” are in green, which means the condition is active, and vice versa if the words “Remove” are in green.
4. Enter the amount you added. In here we want to add 10 LDX. Then click the "Stake" button.
5. Wallet will ask for confirmation of the action. Clicked Confirm.
6. Successful. You have added Stakes.
Watch the video below :
To collect profit of Staking
1. Visit the Staking page.
2. Find your Staking, and click any part of the page to display the details.
3. In the detail section on the right, click “Collect” to collect all Staking rewards.
4. Wallet will ask for confirmation of the transaction and wait until the process is complete.
5. Profit collection successful! You can check your Wallet balance.
Watch the video below :
Last updated
