Start Staking
Before you can start staking and create a staking contract with SOFIL, you shall have your wallet setup properly, get your tokens ready and connect your wallet to SOFIL platform.
You can check here for setting up MetaMask.
You can check our Platform Updates here for our latest news to see what types of crypto you can stake, supported wallet and more details related to the technical specification.
Ready to Stake and Earn? Let's Earn More, Virtually.
1. Navigate to the Basic Staking page
Click on "Menu" icon on the top right corner of SOFIL DApp, click on "Basic Staking", and you will be navigated to the Basic Staking page.
2. Details and Actions on Basic Staking page
Check out your available balance of SOFIL staking supported tokens
Choose a staking period with the Est. Annual Percentage Rate (APR)
Enter a staking amount
You can click on "0.00" to enter, market value of your entered amount (tokens) in terms of USD will be shown for your reference. You can also click on "MAX" to stake all your available balance.
Review and Confirm
After you have entered a staking amount in the previous step, four data will be automatically updated for your review.
Stake
Click on "STAKE" button after you review and confirm the staking details.
By clicking "STAKE", you agree to SOFIL Terms of Services and Privicy Policy.
If your connected wallet hasn't binded a referrer, the staking process will go to Step 6.
If your connected wallet has already binded a referrer, the staking process will directly go to Step 7.
Enter a Referral Code (if your wallet hasn't binded a referrer)
SOFIL has a referral program for staking. If you are referred by your friend or a community ambassador, you can enter their referral code shared to you. SOFIL will provide additional rewards to your referrer without deducting your staking rewards.
If you do not have any referrers, don't worry, you can just leave it blank and proceed your staking.
Click on "CONFIRM" after you enter or just leave it blank.
As SOFIL platform is a DApp, please prepare the native token of the blockchain in your wallet to pay the gas fee for blockchain interaction. For example, please prepare BNB for staking tokens based on BNB Smart Chain. Click here to view how to get your tokens ready.
Blockchain processing
After you approved the transaction on your connected wallet, your wallet will then be interacted with the smart contracts of SOFIL platform on the blockchain.
During the processing, you can check the blockchain transaction by clicking the message ID, or you can just click on the cross to close the processing screen.
After the blockchain processing completed, your staking contract would be successfully created and the staking NFT would be successfully minted to your connected wallet. You can check your wallet for your NFT and you can check your staking portfolio to view the details of the staking contract.
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