If you have followed our previous lessons within this unit, you are now familiar with rebasing, the tokens ABI/sABI/gABI, and can navigate and utilize all of the features of Abachi’s web app U.I. Now comes the fun part, staking your tokens to earn rewards!
To start, visit the Abachi Mainpage. Remember: only follow links from verified sources, such as our official discord announcements or Abachi Academy posts.
The process of staking is relatively simple, but will require you to complete two transactions using your Metamask wallet extension. To start you will need to approve your ABI for staking, as shown in the image below:
After approving, the button text will change from ‘Approve’ to ‘Stake.’ At this point, all you have left to do is select the amount of ABI that you would like to stake, and confirm the transaction in your Metamask wallet.
Voila! You are now the proud owner of sABI or ‘staked ABI.’ To un-stake, simply reverse the process using the following steps:
- Select the ‘Unstake’ tab on the Staking page. This tab is found just next to the ‘Stake’ button.
- Input the amount of sABI you would like to unstake.
- Press the ‘Unstake’ button and confirm the transactions in your Metamask wallet.
With this information in hand, go forth and enjoy the benefits of staking your ABI within the protocol. If you are looking for other ways to earn even more yield while helping to grow the treasury, please stay tuned for our next article that will contain information about the ‘Bonding’ section of the Web App. For further review, please see all of our previous lessons using the links provided below.
Staking – Lesson 1: What is a rebase?
