How to stake on TrumpSwap
Last updated
Last updated
Before diving into the step-by-step guide on how to stake on TrumpSwap, let’s first clarify some key terms: Duration and APR. Understanding these will help you make informed decisions when staking your assets on the platform.
Duration:
Duration refers to the length of time you commit your tokens to staking. Different staking pools may offer various durations, such as 30 days, 90 days, or more. Generally, the longer the duration you choose, the higher the potential rewards, as long-term commitments are often incentivized.
APR (Annual Percentage Rate):
APR represents the annual return on your staked tokens, shown as a percentage. For example, if a staking pool has an APR of 20%, you could potentially earn a 20% return on your staked assets over the course of one year.
It’s important to note that APR is a general estimate and may fluctuate depending on factors like token demand, pool liquidity, and platform performance.
For each token, different staking durations will yield varying APR percentages. Take a look at the table below to see the specific rates associated with each duration:
Trump47
60%
100%
30%
LP Token
60%
100%
150%
30%
1. Access TrumpSwap
Visit TrumpSwap’s website: https://trumpswap.io/. Next, select the “Staking” to open the TrumpRemoveLiquidity page.
2. Connect Wallet
Ensure that your wallet is connected to the Base network via a compatible wallet like MetaMask. If not already connected, click on the “Connect Wallet” button and select your preferred wallet provider. Follow the prompts to connect.
3. Select your staking option
You can choose to stake either Trump47 or LP tokens, along with your preferred duration.
4. Enter the number of tokens you want to stake or select the “Max” option .
The “Max” option automatically inputs the total amount of the token you have available in your wallet for staking.
You cannot enter a number of tokens that exceeds the amount you own.
5. Stake Now
Click on the “Stake Now” button, then click on the “Next” button.
6. In your wallet, approve TrumpSwap to access your token. This transaction requires network costs.
7. Select "Confirm"
7. Once confirmed, Your Staking transaction is submitted to the blockchain and is pending.
8. A confirmation notification will appear once the transaction is complete and you can then view the packages you are staking.