Liquid stake is a staking service that allows users to stake assets and receive liquidity tokens in return, allowing them to leverage their assets across multiple DeFi protocols.
In conventional Proof of Stake (PoS) staking services, staking an asset has the advantage of stably receiving rewards from the blockchain network, but it has the disadvantage of not being able to use the asset during the staking period.
Liquid staking provides a corresponding token when an asset is staked, allowing the asset to be liquidized even while it is staked.
In essence, liquid staking is a solution that retains the advantages of traditional PoS staking while improving on its drawbacks.
* Available Services: KLAY(KAIA) Liquid Staking, ETH Liquid Staking
So let’s dive into how to use NEOPIN Liquid Staking on the web 😀
[WEB] Liquid Stake Guide
Liquid Stake User Guide for NEOPIN Web
1. Connect your wallet
To use the Stake service on the NEOPIN Web, you need to connect your Wallet first.
Click the [Connect Wallet] button and select the wallet you would like to connect.
For NEOPIN wallet users, please refer to the section below to connect your wallet to the web for full access to the NEOPIN Web services.
▶ Review details on #5.-web-connect-your-neopin-wallet
2. Stake
1) Go to the [Staking] tab and find the products with Liquid label
- The Liquid badge to the right of the pool name is the Liquid Staking pool.
2) Select a product to stake and proceed to the product detail pages
3) After carefully reviewing the product information, click the [Stake Now] button
4) Enter the amount to stake and click the [Stake] button
5) Review the “Estimated Stake” and then click the [Confirm] button. A confirmation request screen will appear in the NEOPIN App.
- Please make sure to review and agree to the “Terms of Use” before staking.
6) After reviewing the transaction summary, please confirm the transaction in your connected wallet.
- If you are using the NEOPIN App, a confirmation request screen will appear in the NEOPIN App. After reviewing the transaction summary, click the [Confirm] button in the NEOPIN App and enter the PIN Code to complete the process.
- Once the PIN Code is successfully authenticated, the stake is complete.
3. Unstake
1) Go to the [Staking] tab and find the liquid staking product you would like to unstake
2) Review the details of your staked products.
3) Click the [Unstake] button
4) Enter the amount you want to unstake and click the [Unstake] button
- You may choose “Immediately” option in which immediate unstake amount is provided by swapping in the swap pool. Detailed settings can be set in the Swap menu.
5) Review the “Estimated Unstake” and then click the [Confirm] button. A confirmation request screen will appear in the NEOPIN App.
- Please make sure to review and agree to the “Terms of Use” before proceeding with unstaking.
6) Please confirm the transaction in your connected wallet.
- If you are using the NEOPIN App, a confirmation request screen will appear in the NEOPIN App. After reviewing the transaction summary, click the [Confirm] button in the NEOPIN App and enter the PIN Code to complete the unstaking process.
- Once the PIN Code is successfully authenticated, the unstake request is complete.
7) [My Wallet] > [portfolio] tab > [Stake] tab > Click [Claim] button at withdrawal queue section > Check wait times and/or claim available assets.
✔️ If you are looking for an immediate unstake without waiting, you can swap your liquid token by selecting [Immediately] tab.
4. Claim Rewards
- Liquid Stake products with their own native structure do not generate claimable rewards.
- However, the rewards are accumulated in the Liquid Stake contract over time and can be claimed at the time of unstaking.
- The amount of Liquid Token (npKLAY or npETH) is proof of your share of the rewards in the Liquid Stake contract.
