Staking your $WALLET tokens takes just a couple of steps and by doing it, your $WALLET tokens:
- Earns you 2% APY
- Gives you up to 100% discount on the Swap & Bridge fees
- Getting twice the governance power in WalletDAO.
$WALLET staking info
APY: 2% with auto-compounded rewards, meaning that rewards generate their own additional returns over time - no manual work needed.
Staking period: unlimited
Unstaking: there are two options
30 days leave period: there is no exit fee, and no rewards during the unstaking period. Rewards will be distributed to all other stakers
Instant (Rage) leave: 50% exit fee, distributed to all other stakers
Step 1
Open the "Explore" menu on the Ambire Wallet dashboard and select "$WALLET Staking" app.
Alternatively, you can click on the $WALLET token on your dashboard, and in the Token info window you will find a "Stake now" button.
Step 2
Select the amount of $WALLET tokens you want to stake.
If the amount of tokens covers one or more of the Swap & Bridge fee reduction tiers they will be marked on the slider, and information on the already available and newly reached fee reduction tier will be displayed in the "Swap & Bridge fee" field:
Step 3
Click on the "Stake" button, then review and sign the transaction:
That is all - you can now enjoy the 2% APY and reduced "Swap & Bridge" fees.
Alternative staking portal for the $WALLET token
$WALLET staking is also available at https://rewards.ambire.com
Just connect the app with your Ambire Wallet account, open the "$WALLET" menu on the side bar and click on the "Stake $WALLET" card.
There you will find similar option for $WALLET staking and unstaking.
Information about "Swap & Bridge" fee reduction tiers is missing from this app, but they are still applicable, if you stake the required amount of tokens.