Stake SXP
Learn how to stake your SXP to bond and collateralize it with the Swipe Network with your Ledger hardware non-custodial wallet via Metamask.
Once you have successfully connected your Ledger hardware wallet via Metamask to the Swipe DeFi Application, you will now see the main staking page as shown below where you can Supply your SXP to the protocol.
For first time users will first be required to enabling the staking protocol by pressing Enable Stake which will allow your Ethereum account in the Ledger hardware wallet via Metamask to interact with the Swipe Staking Smart Contract. Once Enable Stake is pressed it will prompt a pop-up displaying your available balance and asking to authorize the smart contract with your account. You will start the process by pressing the Approve button as shown below:
This will now prompt a pop-up from your Metamask to approve the spending of this contract as shown below:
Please note: Even though you authorize this application with the message above, you will still be required to sign each message (interaction). Without your signature, their can be no additional interactions.
You will then be required to go to the Ledger hardware wallet and physically approve the transaction after you have pressed the Confirm button above. It will ask you to Review Transaction which you will press the right directional button to review, until you see the Accept and Send prompt which you will then press both directional buttons on the Ledger to broadcast. Once this transaction confirms on-chain, you are now able to proceed with staking by pressing the Supply button one more time. This will prompt a pop-up for you to input the amount you want to stake on chain.
Once you have entered the amount the Supply button will now turn orange and will enable you to press it to continue. This will prompt a pop-up on your Metamask wallet to confirm(sign) this transaction and broadcast it to the network as shown below:
You will then be required to go to the Ledger hardware wallet and physically approve the transaction after you have pressed the Confirm button above. It will ask you to Review Transaction which you will press the right directional button to review, until you see the Accept and Send prompt which you will then press both directional buttons on the Ledger to broadcast. Once this transaction confirms on-chain, your SXP balance on the staking side will be updated and you will begin earning your portion of the staking rewards.
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