PolyPad is a deflationary launchpad aimed at expanding the growth of Polygon — one of the most promising second layer and EVM compatible chain. PolyPad’s mission is to enable project builders to achieve their capabilities by providing a fair and transparent environment for fund raising. PolyPad’s staking is live, enabling anybody access to early project sales.
The APY will be released at 4 PM UTC today, so there is still time to grab your $POLYPAD tokens and enjoy the astronomical rewards!
How To Stake Your $POLYPAD Tokens?
To learn how to stake $POLYPAD tokens, please follow this step-by-step guide. Because staking is on Polygon, the process is super fast and easy, and can be completed in a few minutes.
Note: in order to stake your $POLYPAD tokens, your wallet needs to be connected to Polygon, and you must have some MATIC (you can buy MATIC tokens from Tier 1 exchanges like Binance, KuCoin, CoinBase) to pay for the network fees.
Step 1: Visit the PolyPad staking link: https://app.polypad.com/staking and hit the ‘Connect Wallet’ button.
Note: an unstaking fee of up to 25% applies if staked for less than 1 month but if staked for a minimum of 4 months there is no unstaking fee.
Step 2: Once your wallet connects successfully, you need to tick the ‘Terms and Conditions’ box, and press ‘Next’.
Step 3: Set the amount you want to stake, (to stake the amount available in your wallet you can press the ‘Max’ button). When all set, click on the ‘Next’ button to start interacting with the staking contract.
Step 4: To enable interaction with the smart contract, you need to confirm two transactions. Pressing on ‘Next’ will prompt you to confirm the first transaction.
Note: in order to reduce waiting time and avoid failed transactions, we recommend you edit the transaction fee to ‘High’.
To learn how to do this, please check out the video below.
For the written instructions on how to edit the gas fee to ‘High’, please follow the steps below.
Step a): When the transaction opens in your wallet, and is requesting approval, click on the ‘’Edit’ button as shown.
Step b): Next, a screen similar to the one below will be shown, then click on “Edit suggested gas fee”.
Step c): This opens a new window similar to the one shown below, there ensure you select the ‘High’ fee. You know this has been selected as it will be shown with a blue dot. Hit the ‘Save’ button and proceed to confirm the transaction.
You have now successfully set a higher transaction fee which will reduce waiting time and the chance of failed transactions.
Note: even with setting the gas fee to ‘’High’’ the overall cost will still be very small of a few cents, thanks to Polygon network running on an economic proof-of-stake model.
Step 5: Once the first transaction went through, you will be asked to confirm the second transaction.
As before, when confirming the 2nd transaction we recommend you edit the gas fee to “High” as mentioned above.
Once the confirmation succeeded, your tokens would have successfully been staked. Anew window will appear confirming this. Hit the ‘Done’ button and that’s it!
Congratulations!!! You have successfully staked your $POLYPAD tokens and are now able to enjoy the APY.
