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How to stake your $IDLE

Governance > $IDLE staking > Guides > How to stake your $IDLE

Staking

To stake your $IDLE visit this stake page in the idle.finance dashboard, then
  1. 1.
    Approve the $IDLE staking contract to allow the staking.
  2. 2.
    Now you can lock your $IDLE. You should set two variables:
    1. 1.
      Lock period duration: from a minimum of 2 weeks to a maximum of 4 years
    2. 2.
      $IDLE amount: based on your balance select how many $IDLE you want to lock
  3. 3.
    Click on Lock and sign the transaction.
Be careful when approving the spending limit of the staking contract. It's advisable to approve an amount near your current/expected $IDLE balance.
The longer is your staking period, the higher will be the stkIDLE received at the time of locking. For example, by staking your $IDLE for 4 years you will receive back 1 stkIDLE per $IDLE locked (i.e. 100%).

Claim rewards

Once locked in your $IDLE, you will start receiving $IDLE rewards and you can claim them using the dedicated action in the idle.finance dashboard.
The dashboard will show your the claimable $IDLE amount and the previous claim calls

Update your staking

Keep in mind that once you lock your $IDLE you cannot reverse the operation until the lock end date has been reached.
Once you have locked your $IDLE, you cannot revert the operation. You can instead
  • Increase Time: increase the locking duration
  • Increase Amount: increase the $IDLE locked
Every time, you modify the Time or Amount the APR will be adjusted consequently.