Part 7: Staking

Staking and farming allow you to earn passive income by multiplying SNK tokens. APY for SNK staking depends on the period of blocking of funds, their volume and the fullness of the pool.

To send SNK for staking, you must select a lock term and click on Approve to block this action in your Metamask wallet. After that, instead of the Approve button, the Start button will appear. We press and see such a window.

You need to enter the desired amount to send and click Deposit. We only have 25 SNK left on our demo wallet, but you will surely have a larger amount :)

You now have SNK staked. You can withdraw the accumulated interest to your wallet anytime by clicking on Claim. At the end of the lock period (30, 60 or 120 days), the Close button will also be unlocked for you - and you will be able to withdraw your initial deposit. If you do not close the deposit, interest will continue to accrue.

If you have several active locks, it is more convenient to click Claim all reward.