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How to Stake in the NEOPIN App: A Comprehensive Guide

Aug 14, 2024
  1. What is Staking?
  2. How to Stake in the NEOPIN App
  3. Unstaking and Claiming Rewards

Hello everyone. This is our third meeting and it's great to see you again. In the first session, we learned how to download the NEOPIN app and create a wallet, and in the second session, we learned how to send and receive cryptocurrency through the NEOPIN wallet. Today we're going to learn how to stake in the NEOPIN app.

What is Staking?

Staking refers to delegating users' crypto assets to support liquidity and operation on a blockchain network, receiving rewards from it. Users can earn Stake rewards and additional NPT rewards for staking. APR is updated daily after 24 hours of initial staking. APR is calculated depending on the amount of staking in the network.

How to Stake in the NEOPIN App

1. Click the [Staking] menu on the main screen or go to the [Earn] tab > [Stake] menu. 2. Select a product you want to stake and proceed to the product detail pages. 3. After carefully reviewing the product information, click the [Stake Now] button. 4. Enter the amount to stake and click the [Stake] button. 5. Enter the PIN Code to complete the swap. 6. The expected APR for Stake is determined by the chain inflation, and the changed APR will be updated and displayed in the Stake product information. Minimum amount required to stake depends on the product.

Unstaking and Claiming Rewards

1. Click the [Staking] menu on the main screen or go to the [Earn] tab > [Stake] menu and select the product you want to unstake. 2. Review the details of your staked products. In the details, you can check the expected APR, and the cumulative rewards. 3. Click the [Unstake] button. 4. Enter the amount you want to unstake and click the [Unstake] button. 5. Enter the PIN Code to complete the Unstake process. 6. Click the [Rewards] menu at the top of the main screen or go to the [Earn] tab > [Rewards] menu. 7. Click the [Claim] button and select the token you want to claim.

Staking in the NEOPIN app is a great way to earn rewards for supporting the blockchain network. Follow our guide to maximize your rewards and understand how to unstake and claim your rewards efficiently.

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