How to stake
Last updated
Last updated
Staking on ALEX takes a few easy steps. In short, it consists of locking up your tokens temporarily to earn rewards. In staking, time is measured in cycles, and at the end of each cycle, you will be able to harvest your rewards.
This section explains how to stake your $ALEX manually. For liquid staking with LISA, please consult the .
If you haven't already, the first step is to connect your wallet to ALEX. Go to the and under the My Staking section, press the "Connect stacks wallet" button. After performing the corresponding validation, My Staking will display.
You can always change your wallet configuration from the Wallet Manager in the top right corner.
In My Staking, "Manual Staking" will indicate how much $ALEX you're currently staking, along with its estimated Annual Percentage Rate (APR). Bear in mind that, unlike Annual Percentage Yield (APY), APR doesn't take into account the compounding effect of rewards.
On the right-hand side of My Staking, you will see the "Cycles" section, which indicates how much time is left for the upcoming cycle, as well as the number of the current one. You can expand this section to display "All Cycles." The timer indicates how much time is left of the current cycle. Bear in mind that your tokens will be staked on the upcoming cycle for the first time.
Manual Staking: The amount of $ALEX you are currently staking.
APR: The Annual Percentage Rate of your investment. It is the interest you would earn by staking for one year.
Liquid Staking: The amount of $ALEX you are currently staking through LISA.
APY: The Annual Percentage Yield of your investment. It is the interest you would earn by staking for one year, including compounding interest from re-staking your rewards.
APower to be Distributed: The amount of APower you will earn as a result of your investment.
Cycles: The number of the current cycle, as well as the numbers of the two upcoming cycles.
Liquid Staking: The amount of $ALEX you will be staking through LISA for each cycle as a result of your investments so far.
Manual Staking: The amount of $ALEX you will be manually staking for each cycle as a result of your investments so far.
Once you've verified your current balances, APR, APY and cycle timing, you can proceed to the next step.
Select how much $ALEX you wish to stake and for how long. You can use the slider to personalize the amount of cycles, and you will see an estimate of how many days the selected amount of cycles will last. If you wish to stake ALEX tokens for different periods of time, you will need to execute two transactions. For example, if you wish to stake 100 $ALEX for 8 cycles and 80 $ALEX for 24 cycles, you will need to follow these steps twice.
The "MAX" button will stake your entire balance.
In "Staking Details" you can see the numbers of the cycles you'll be staking for under your current settings, along with the corresponding "Start" and "End" blocks on the Stacks network. Afterwards, click "Stake" to begin staking.
You will be prompted to confirm that the selected settings are correct. Please verify the information on the pop-up window and press "Confirm" to continue.
Your Stacks wallet will request your password and ask you to confirm the transaction. After that, wait for your transaction to be confirmed on the network.
A "Transaction Mining..." pop-up should appear on the top right corner of your screen, followed by "Transaction Successful" a few moments later.
Wait for the transaction to be confirmed on the network.
Once you're on the Stake page, you'll find the My Staking panel, which displays your current stake.
If a cycle has ended and you can claim rewards, you will see your $ALEX and APower on the Harvest button. If you have no rewards to claim yet, the Harvest button will be greyed out. The button will also display the amount of $ALEX and APower that are available for harvesting.
Bear in mind that, if your staking period has ended, harvesting will also transfer your Principal (your staked $ALEX), to your wallet. It is not possible to collect only a portion of your principal or your rewards.
Click on the Harvest button to claim your rewards.
A confirmation panel will appear where you can double check the amount. If everything looks correct, click "Confirm"
Principal: This is the amount of staked $ALEX that is no longer locked-up and can be transferred to your wallet. If you've staked 100 ALEX tokens for 4 cycles, and only the first cycle has ended, you will be able to harvest your rewards for that cycle while staked $ALEX remain locked-up for 3 more cycles. Hence, the principal would be 0 for this case. However, after the 4th cycle, the principal would be 100.
Reward: The amount of ALEX tokens and APower you can claim as a reward for staking your $ALEX tokens. If you don't harvest your rewards, they will continue to accumulate.
Total Claim: The sum of your principal and rewards, in $ALEX and APower. This is the amount that will be transferred to your wallet
After clicking "Confirm", you will need to confirm the transaction in your wallet.
Here, your Stacks wallet is interacting with the ALEX smart contract and is asking you for approval. Scroll through the wallet transaction window, review it and confirm the transaction. By doing this, you are allowing the wallet to sign and broadcast the transaction.
Wait for the transaction to be confirmed on the network.
Transferring your rewards and staked tokens could take between 20-40 minutes, but once the transaction is confirmed on ALEX, you will be able to see your rewards in your wallet.
By pressing "Proceed to LISA to Stake" you will open the dashboard for liquid staking on LISA. For more information, you can consult the .
Your staked tokens could take between 20-40 minutes to appear on the , but once the transaction is confirmed on ALEX, you will be able to see your staked tokens in the My Staking section.
Turn on , you will get notified when the transaction is confirmed.
Search for the transaction on the .
As when staking, go to the , or, alternatively, click on the navbar's Earn -> Stake tab from the .
Turn on , you will get notified when the transaction is confirmed.
Search for the transaction on the .
