POOLS
Last updated
Last updated
When on Stakbank, you can view the Pool screen
Pool screen contains two main components:
STAK Pool, which contains:
Your reward: generated STAK rewards
Total staked
Total reward pool
Claim button: used to claim rewards
Compound button: press it to compound rewards into your current staking
○ Your position:
Your Staked: your current STAK in staking
APY: Annual Percentage Yield (%) which indicates the percentage of interest you earn on your staked STAK
Stake STAK: press this button to stake your STAK
Unstake STAK: press this button to unstake your STAK
To claim reward, compound, stake, and unstake STAK, just connect your wallet
When connecting your wallet for the first time, you have to approve Stakbank to withdraw your STAK from your wallet and automate transactions.
● Approve Stakbank to withdraw STAK from your wallet and automate transactions
● When approved, you will be directed to the wallet interface for the approval process.
Acceptance Criteria:
This step is available when you connect your wallet on Stakbank successfully.
Staking
Users of Stakbank can stake STAK tokens to the staking pool.
In general, you stake your STAK to the staking pool in order to get a passive income. Rewards are distributed all the time understood as each block, then the rewards are distributed based on blocktime. Each block is distributed a reward percentage, users receive a reward which is calculated according to the APY.
Rewards are distributed to users once per day. In this case, the APY represents just an estimation number, so it means that it is not exactly the amount of reward you’ll get. Moreover, the APY Formula changes according to the STAK price, and to the price and quantity of LPs that are staking in the pool.
When pressing the ‘Stake STAK’ button, you’ll see a popup including:
Balance: this is your current amount of STAK. If you decide to stake a larger amount of STAK than your balance, you will not be able to put your funds in staking.
Input field: this allows you to input your STAK. Note that Stakbank only supports staking by STAK.
Minimum amount STAK: this is defined by Jigstack DAO Council.
Max button: this button is used to fill the maximum balance into the input field of ‘Stake STAK’ button
Users of Stakbank can unstake their STAK from the staking pool.
When pressing the ‘Unstake STAK’ button, you will see a popup which includes:
● Balance:
○ Your current STAK available
● Input field: you can input the amount of STAK you want to unstake. If the inputted STAK is greater than the current staking STAK, Stakbank does not allow you to unstake.
● Your staked: your current staking STAK
● ‘Unstake STAK’ button
● Max button: this is used to fill the maximum staking amount in the input field
● A user receives JSTAK
Please Note: By unstaking you lose your LF (longevity factor). With it the system also makes you lose the claiming eligibility of your jSTAKs staked during the staking period. BE SURE TO MAKE THE CLAIM BEFORE UNSTAKING
On Stakbank you can compound your reward into your current staking STAK.
In general, the compound is used to increase your current staking STAK in order to earn more incentives. When pressing the ‘Compound’ button, you’ll see a popup which includes:
● Your reward:
○ Your current reward in STAK
● ‘Compound’ button
Acceptance Criteria:
Current reward must be greater than 0 JSTAK
On Stakbank you can claim rewards in STAK from the staking pool.
jSTAK are distributed all the time understood as each block, then the rewards are distributed based on blocktime. Each block is distributed a reward percentage, users receive a reward which is calculated according to the APY * LF moltiplicator.
When pressing the ‘Claim’ button, you’ll see a popup which includes:
● Current reward in STAK
● Confirm claiming popup
● A user receives JSTAK