Step-by-Step Staking Guide
Step 1: Go to bancor.network and click “Add Liquidity”.
Note: The blue shield to the left of each pool indicates if a pool is “whitelisted” and therefore protected against impermanent loss and available for single-sided staking.
Step 2: Under the Single-Sided Protection option, click “Stake and Protect”:
Step 3: Select if you want 100% exposure to the base ERC20 token (in this case, LINK) or to BNT. Click the dropdown menu to toggle between BNT and LINK.
Input the amount of tokens you wish to protect. Clicking “Balance” will select the full balance.
Click “Stake and Protect” and confirm the transactions in the app and in Metamask(x2).
Your protected single-sided liquidity stake should now appear in the Portfolio screen. (If it doesn’t, click refresh).
ROI indicates your individual returns, while APR indicates the overall pool returns for all LPs staked to the pool based on historical trading fees (1-day and 7-day).
