Home > Information news > Stake your $SHIB on Earn Network | Easy Shiba Inu Staking Guide

Stake your $SHIB on Earn Network | Easy Shiba Inu Staking Guide

Release: 2024/01/17 21:38 Reading: 618

Original author:Earn Network

Original source:https://coinmarketcap.com/community/articles/65a7399a40f9933d955b45f8

Intro

Unlock the potential of your Dogecoin investments with Earn Network's DeFi Staking Pools. A leader in decentralized finance, Earn Network simplifies earning passive income through crypto. Our platform, supporting major cryptocurrencies like $SHIB, $LTC, or $DOGE, offers user-friendly, secure staking options.

How to start staking Shiba Inu (SHIB)?

Now, we will walk you through the simple process of interactions with Shiba Inu DeFi Staking pools so you can easily stake your tokens and earn yield in a decentralized manner.

1. Go to the Shiba Inu Offers page.

2. Click “Connect wallet” - the MetaMask modal will appear. Right after connecting you’ll be able to check your account balance together with funds that interact with our DeFi Staking pools.

NOTE: The first wallet supported by our platform is MetaMask. Make sure you have your funds there (SHIB, and BNB for fees) on the appropriate network supported by our pools.

3. Select the offer of your interest and click the “Stake” button close to it.

NOTE: Earn Network supports Locked & Flexible Staking pools for SHIB. Differences between them can be checked in our Whitepaper.

4. After clicking “Stake” a window will pop up. The next step is to input the number of tokens you wish to stake. Now you need to click “Approve SHIB” as a first transaction, set the spending amount, and then confirm it with your MetaMask wallet.

5. After the approval transaction is completed, click on the “Stake” button and confirm it again with your MetaMask wallet.

6. Congratulations! You have successfully staked your SHIB tokens.

NOTE: You can always check the summary of your staked funds together with pending and available to claim rewards at the Wallet component.

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