Staking guide- how to stake your $BUND on bundles.finance

In anticipation of the launch of the Bundles staking platform on 23rd November at 10am UTC , we thought we would provide a guide on what you need to do to earn more $BUND! Please note, the platform is only live on DESKTOP for the time being. We are completing the mobile version in the next 2 weeks. It’s not the finished version by any means, it has a few bugs and WILL BE IMPROVED over the next week before the next staking period starts.

We are different from other staking platforms and as this is such a unique concept and every Bundle option chosen has to be stored on the blockchain for security, it may seem a little complicated. We recommend not choosing more than 3 currencies in your Bundle. We will be making improvements over the next few weeks to simplify things and if you feel we could improve it in anyway, just let us know.

Currently, the platform requires too many approval transactions from Metamask. Because of this, the team will send $5 of Ethereum to everyone who stakes the first week till we sort it out. This should cover fees required.

Please also note that this is just our first staking pool, we will add others in the coming weeks that offer different rewards and staking periods.

1. You will need to purchase $BUND to participate. You don’t need a paired currency, you will just use your $BUND.
2. Go to bundles.finance and connect your wallet.
3. You will be prompted to choose a username to attach to your Ethereum wallet address. We recommend that you don’t use your real name! This is used to populate the Leaderboard and Hall of Fame on a weekly basis. This will require a Metamask approval as it’s stored on the blockchain.
4. You will be able to see the amount of $BUND you have in your wallet on the platform. You can then choose the amount of $BUND that you would like to Approve for staking on the current staking period. This will require a Metamask transaction to allow the platform to use that $BUND. Please note that users have 24 hours with which to enter from the start of the staking period. A countdown clock will advise you of this period.
5. You can then start choosing your Bundle. You can choose as many or as few currencies as you like, but we recommend a maximum of 3 at the moment.
6. To choose a currency you would like to stake on, click on that cryptocurrency from the choice of 10 and a pop up will be generated where you can choose the number of $BUND (from the amount you approved the platform to stake) you would like to bet on this currency. You will have to approve this transaction so the strike price at which you staked can be recorded. You can then choose your next currency and again choose the number of $BUND you would like to stake on that currency. Each transaction does require an approval because we need to record the strike prices.
7. Your goal is to choose a ‘bundle’ of cryptocurrencies that will achieve the best price performance between the time you staked and the end of the 7 day staking period. Please note, that the strike price of each currency will be at the time you enter the staking pool.
8. You can go to current pool and see how your choices are performing.
9. At the end of the staking period, a calculation will be made as to the performance of your ‘bundle’. Throughout the staking period, top 10 performers will also be able to see their usernames on our Leaderboard.
10. Depending on your performance, you may well have earned more $BUND (or you could have lost some!). The performance parameters are detailed below (note, percentage groups are based upon tokens staked rather than number of stakers):

Top 10% of predictions +3.6% (4% minus 10% Developer fee)

10–20% +2.7% (3% minus 10% Developer fee)

20–30% +1.8% (2% minus 10% Developer fee)

30–40% +0.9% (1% minus 10% Developer fee)

40–60% NEUTRAL

60–70% -1%

70–80% -2%

80–90% -3%

90–100% -4%

In addition, the top performing staker every week will enter our ‘Hall of Fame’ and be forever immortalised as a result of their prediction skills!

Your rewards are earned relative to your performance against the rest of the participants and their tokens. So some weeks you may find that your Bundle had a negative performance on a percentage value basis but because this negative performance was better than the average of the participating tokens, you still earned more $BUND.

9. Your new $BUND balance will be shown and you can participate in the next staking period.

Please note, we have many exciting developments that will be happening with Bundles over the coming weeks. We will add additional staking pools, more currencies within the options and the ability for other ERC20 tokens to participate in their own staking pools. We prefer to think that is pool is just the start of things to come.

Website: bundles.finance

Telegram Announcements: t.me/BundlesFinanceDefi

Telegram Discussion: t.me/BundlesFinanceDiscussion

Twitter: twitter.com/BundlesFinance