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Create base stake
How to create a base stake pool
In order to start the staking process for both a base stake or an extended stake, a staker has to be on the Staking option at the top and then to selecte the NEW STAKE button
Click on New Stake button
Below, we are about to initiate the creation of a base stake by using the minimum amount of 1,976 ETNY tokens for a period of 12 months. The Staking Wallet Address is the current wallet address which is connected through MetaMask to the staking dApp. The Node Wallet address is the wallet address configured on an active node which must have 0 ETNY tokens. All the staking rewards from this base stake will be sent to the wallet indicated by the operator when this base stake will be approved.
New Staking Pool
After clicking on the Review Stake button, a confirmation pop-ul will be shown below.
Review details and click on the Agree button
The only thing left to do is to confirm the transaction on the blockchain through MetaMask as shown below.
Confirm transaction on the blockchain
We have to wait for a bit so that the transaction will be propagated to the blockchain. Please refresh the page after about a minute or so to see the changes.
Information message
After the transaction took place the staker just needs to wait for the Node Operator to approve this base stake request on its own node. Please check the next section to learn how the approval proces looks like.
Last modified 1yr ago