A Guide to Chihuahua Chain’s New Liquid Staking Solution — Stafi Hub
Stafi Protocol has been providing liquid staking solutions on multiple chains such as Polkadot, XTC and recently to Atom and the Cosmos Ecosystem. Stafi Hub, the Cosmos version of Stafi.io had just entered its mainnet phase last August 17, 2022 releasing rAtom and rIris weeks after. And on September 15, 2022 rHUAHUA was the 3rd token to be granted liquid staking along with $FIS mintdrop and soon rDEX v2 pool and rewards.
Let us guide you on how to participate and utilize the first ever liquid staking solution for the most useless meme dog coin in the Cosmos Ecosystem, Chihuahua Chain $HUAHUA
A. How to stake — rToken
- Go to https://app.stafihub.io/rToken/rHUAHUA/stake
- Input the amount of $HUAHUA you want to stake, click on connect address to link your Stafi chain address. An address starting with “stafi” should show
- Click on the button which says “You will get…”
4. A Notice will appear. Click on Understood
5. A Keplr will prompt, choose your desired fee and click on Approve.
6. A progress tab will appear which will let you know if the staking has succeeded or not.
7. After successful staking, you will be loaded into the dashboard showing the actual value of what you staked.
B. How to pool — rPool
- After staking, you can go to https://app.stafihub.io/rPool
- Your rHUAHUA is automatically pooled and will start earning staking rewards and $FIS.
Note: The campaign will last for 90 days and the $FIS rewards will be linearly vested over a period of 30 days starting on September 15
3. By clicking on Earn, it will show additional details on your rewards and vesting period.
4. Clicking Mint will bring you to https://app.stafihub.io/rToken/rHUAHUA/stake
5. Clicking Claim will show you your Reward details
6. Pressing Claim again will have a Keplr pop-up for the minting of the rewards. Choose your desired fees and press Approve. Your claimable $FIS will then show on your Keplr under StafiHub chain.
C. How to unbond — rToken
- Go to https://app.stafihub.io/rToken/rHUAHUA/dashboard
- Click on Redeem rHUAHUA
3. Input the desired amount of rHUAHUA to be unbonded. Next, click on Connected Address, your Chihuahua chain address should appear (starts with chihuahua1…) then click on Unbond.
4. A pop-up window will appear showing additional details for the unbonding, the relay fee of 1 $FIS, the unbonding period of 22 days and the amount of $HUAHUA you will get. Click on Unbond to proceed.
5. A Keplr transaction window will appear, choose the desired amount of fees and click Approve.
6. After the signature is completed, the unbonding $HUAHUA amount will be displayed on the Unbond page.
After the unbonding period ends, the user does not need to withdraw it manually, and the $HUAHUA tokens will be automatically sent to the designated address.
D. How to use rDEX
Note: rHUAHUA is not yet available on rDEX, article will be updated with the guide once feature is available
STAFI HUB: A Cross-Chain Staking Derivatives Platform On The Cosmos Ecosystem
StaFiHub is built using the Cosmos-SDK and aims to provide liquid staking solutions for assets through the Inter-Blockchain Communication (IBC) Protocol to rapidly grow the staking industry.
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For official resources please check out Chihuahua.wtf, the first interoperable sovereign meme coin. Get involved with future props and ideas in our Commonwealth
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