This article demonstrates how to stake single asset into SafePal Earn and earn passive yields from your crypto holdings.
Note: To use this feature, please upgrade your SafePal App to V2.9.2 or above first.
The article contains the following steps:
- Step 1 Select a pool
- Step 2 Enable your Single LP token
- Step 3 Deposit your LP token
- Step 4 Complete
- How to stake crypto into SafePal Earn
- How to create LP tokes in the SafePal App
- How to withdraw the deposited LP token from SafePal Earn
- How to claim the earned yieldings from SafePal Earn
- How to withdraw all the tokens from SafePal Earn
Step 1 Select a single asset pool
Open SafePal App and click the Earn tab at the bottom. Here you can view all the available pools in SafePal Earn, which you can sort by popularity, APY, and TVL, or filter by network, protocol, and type. You can filter the single asset pools by selecting ‘Single’ in the Type filter.
Step 2 Enable the token
Once you have decided which pool to join, click on it to enter the staking interface. In this article, we will use $SFP-$NT pool as an example.
Press ‘Enable’ to authorize the $SFP staking. On the approval page, choose the gas fee level and verify the details, then sign it.
Step 3 Deposit tokens
Once you have enabled the token for the pool, press ‘Deposit’.
On the Deposit interface, input the amount of $SFP you would like to stake. If you do not have enough $SFP tokens, click ‘Get SFP’ to exchange for some SFP tokens via SafePal Swap (check tutorial here). Once you are done, press ‘Deposit’.
Step 4 Complete
Congratulations! You have successfully staked crypto assets into SafePal single token LP. On the same page, you can view the staked tokens and the latest yielding details!