stkBNB User Guide¶
Wallets Supported¶
The pSTAKE protocol supports all the prominent wallets in the BNB chain ecosystem -
- Metamask
- Trust Wallet (through WalletConnect)
- Binance Web Wallet
- MathWallet (through WalletConnect)
- Any other wallet supported by WalletConnect
Staking¶
- Visit the Mainnet Application and connect your wallet (Metamask / Trust Wallet / Binance Web Wallet / MathWallet) If you are on a different network, you may be prompted to switch to the correct one. Click the correct network on the page, then allow it to switch.
- Open the Staking page from the left pane
- On the Staking page, you will see two tabs - Stake and Unstake
- Select the Stake tab and enter the amount of BNB you would like to liquid stake, and then click on the Stake button at the bottom
- Confirm the transaction on your wallet
- pSTAKE will issue stkBNB to the user’s wallet based on the exchange rate (you can see the on-going exchange rate in the Stake tab)
- The user can then use stkBNB to generate additional DeFi yields, based on available opportunities
- Staking rewards are distributed to the users in form of an increased stkBNB/BNB exchange-rate, after deducting certain fees
If you don't see your stkBNB balance in your wallet, do the following:
* Visit stkBNB Coingecko page
* Copy token address
* Insert the token address directly into your wallet (e.g. MetaMask)
Unstaking¶
Before you start, ensure that you have some BNB in your wallet to pay the gas fees
- Visit the [Mainnet Application] (https://bnb.pstake.finance) and connect your wallet (Metamask / Trust Wallet / Binance Web Wallet)
- Open the Staking page from the left pane
- On the Staking page, you will see two tabs - Stake and Unstake
- Select the Unstake tab and enter the amount of stkBNB you would like to unstake, and then click on the Unstake button at the bottom
- Confirm the transaction on your wallet
- pSTAKE will burn stkBNB deposited by the user after deducting protocol fees and create a user claim for BNB based on the exchange rate (you can see the on-going exchange rate in the Unstake tab). The unstaking period for stkBNB is 15 days.
- Users can claim their BNB by performing a claim transaction after 15 days once the BNB is available to claim. The “Claim” button is present on the left pane on the bottom side
- Click on “Claim”. A popup window will open detailing the amount of BNB available to be claimed.
- Click on “Claim” and confirm the transaction in your wallet.
- Once the transaction is processed, you will receive the unstaked BNB into your wallet