How to Stake Your AXPR Tokens

A guide to the AXPR staking pool, powered by Ferrum Network

We’ve now launched our staking program for AXPR, with interest paid out to HODLers deciding to lock in their AXPR into a secure smart contract for 120 days until full maturity at 40% APY. For those wishing to read the smart contract code, that can be accessed by clicking here.

Without further ado, let’s jump into how you can get started staking AXPR!

Requirements to stake

In order to stake your AXPR, you need to have a MetaMask account set up with enough Ethereum to cover gas fees, as well as your AXPR tokens already in the address you wish to stake with.

If you already have a non-MetaMask wallet you wish to use, please follow the steps below to integrate these into MetaMask.

Importing an existing wallet into MetaMask

Ledger: https://metamask.zendesk.com/hc/en-us/articles/360020394612-How-to-connect-a-Trezor-or-Ledger-Hardware-Wallet

MyCrypto: https://github.com/MyCryptoHQ/support.mycrypto.com/blob/master/src/content/accessing-your-wallet/how-to-use-metamask-with-mycrypto.md

How to stake your AXPR

Step 1. To stake your AXPR in the 40% APY staking pool, first click “Start staking” when accessing the pool from staking.axpr.io.

Step 2. By clicking this button, you’ll be taken to the Unifyre staking dashboard. Here, click “Connect” in the top right corner, then “Connect to MetaMask wallet”.

Step 3. This will prompt you with a red notice bar. Once this appears, click “Connect” and “Connect to MetaMask Wallet” once more. Authorize your MetaMask to be connected to the staking smart contract and select the address you want connected. At this point, you should see your wallet address in the top right corner of the screen.

Step 4. Now, you’re ready to begin. Click “Stake Now”, insert the amount you want to stake under “Amount to Stake”, and click “Submit Stake”.

Step 5. This will prompt another MetaMask popup which’ll ask you to allow Unifyre to spend the AXPR in your wallet. Click “Confirm”, which’ll come with a small fee. Then, you’ll get another popup where you click “Confirm” again, signing the transaction to send your AXPR to the smart contract.

And now you’ve successfully staked your AXPR. We’ll provide further guides as we progress on how to do early withdrawals, how to withdraw at the point of staking maturity, and so on!