KRIDA Staking Guide
Last updated
Last updated
You need to set Polygon mainnet as your network in your metamask or any other wallet that you are using. You can follow this guide to set up the network in your preferred wallet. Switch to Polygon mainnet once you finish this.
Note: The APY and Duration values in the below screenshots are not actual values. Please visit the dashboard to know the actual details (https://app.nordfinance.io/dashboard).
Go to https://app.nordfinance.io/dashboard, switch to the Staking tab, connect your wallet and select KRIDA staking card.
Enter the amount of KRIDA token to be staked. The amount of KRIDA tokens available in your wallet is also displayed next to the input box.
After clicking “Stake”, a popup message will appear where you can utilise the toggle button to select either infinite approval or normal approval. Go ahead by clicking “Yes and Continue”.
Now you are ought to receive the Metamask popup message which will allow you to either “Confirm” or “Reject” the transaction for allowance approval.
Once you have selected the option “Confirm”, the transaction will effectively take place. Within a matter of a few seconds, the initiated allowance approval process will commence.
When the transaction is complete, you should receive another Metamask pop-up message for you to either “Confirm” or “Reject” the transaction for the staking.
Once you have selected “Confirm” the transaction will take place. Give it time to go through, you have now initiated the Staking process.
When the transaction is complete, the staked amount will be reflected on the Dashboard.
Click the Claim option in order to receive the KRIDA token accrued for the staked amount.
After clicking “Claim”, your Metamask will show a pop-up message allowing for you to either “Confirm” or “Reject” the transaction for claiming staking reward.
Once you select “Confirm”, the transaction will seamlessly take place. While you give some time, you have now initiated the Claim Reward process.
When the transaction is complete, you should receive KRIDA tokens in your Metamask wallet and the same will be reflected on the Dashboard.
You need to use toggle the button to switch to the Unstake option. Unstaking KRIDA has 7 days of unbounding period. You will be able to claim the tokens after 7 days once you unstake.
Click the Unstake button to unstake the staked amount.
After clicking “Unstake”, a popup message will appear where you can confirm unstake amount. Go ahead by clicking “Yes and Continue”.
Now you are ought to receive the Metamask popup message which will allow you to either “Confirm” or “Reject” the transaction for Unstake.
Once you select “Confirm”, the transaction will take place. Within a matter of seconds, you have now initiated the Unstake process.
When the transaction is complete, you should receive reward tokens in Metamask Wallet. The same will be reflected on the Dashboard. Once unbounding period of 7 days finishes, you will be able to claim the unstaked amount.
Once the unbounding period of 7 days finishes, you will be able to claim the Unlocked balance.
Click the Claim option in order to receive the unstaked amount.
After clicking “Claim”, your Metamask will show a pop-up message allowing for you to either “Confirm” or “Reject” the transaction for claiming unstaking amount.
Once you select “Confirm”, the transaction will seamlessly take place. While you give some time, you have now initiated the Claim Unstaked amount process.
When the transaction is complete, you should receive KRIDA tokens in your Metamask wallet and the same will be reflected on the Dashboard.
Congratulations on making it! We have now effortlessly concluded all the current functionality processes of KRIDA Staking.
Can I stake new tokens if I have already unstaked tokens earlier?
Yes, you can stake new tokens.
What happens if I unstake token before claiming my locked/unlocked staking tokens?
If you unstake while there are some locked/unlocked tokens left to claim, you'll have to wait 7 days from the present moment to claim your original locked/unlocked tokens and newly unstaked amount combined. We would advise users to claim any locked/unlocked tokens first and then try to unstake.
For any help, please feel free to write to us at contact@nordfinance.io
Cheers!
