Stake Your HOOK (3, 3)
Last updated
Last updated
Staking allows you to earn HOOK passively via auto-compounding. By staking your HOOK with Neverland, you receive CLOCK (staked HOOK) in return at a 1:1 ratio. After that, your CLOCK balance will increase automatically on every epoch based on the current APY.
Initially, you can buy HOOK at Klayswap. Make sure to check the slippage first before buying HOOK, as some venue offers worse rate than the others due to low liquidity.
1. Go to this Klayswap swap page.
2. Make sure the output currency is HOOK. You can also copy and paste the HOOK contract address into the output currency field to ensure you are swapping for the right token.
Paste HOOK contract address
3. You can select any input currency based on your available wallet balance. It is recommended to use KUSDT as the input currency to minimize the slippage.
Make sure the output currency is HOOK
4. Select the amount of HOOK you want to swap for. Then click "Approve" and sign the transaction.
5. After the "Approve" transaction has been processed successfully, click "Swap" and sign the transaction.
6. You should see HOOK in your wallet balance now after the swap transaction is successful. If you cannot find it in your wallet, add HOOK contract address to your wallet.
The "Approve" transaction is only needed when you swap HOOK for the first time; subsequent swapping only requires you to perform the "Swap" transaction.
Go to the Stake page of the Neverland website. Select the "Stake" tab.
Enter the amount of HOOK that you would like to stake in the input field. If you would like to stake all your HOOK, press the "Max" button and the input field will be populated with all your available HOOK balance.
Click "Approve" and sign the transaction.
After the "Approve" transaction has been processed successfully, click "Stake" and sign the transaction. Voila, you have staked your HOOK!
Go to the Stake page of the Neverland website. Select the "Unstake" tab.
Enter the amount of CLOCK that you would like to unstake in the input field. If you would like to unstake all your CLOCK, press the "Max" button and the input field will be populated with all your available CLOCK balance.
Click "Approve" and sign the transaction.
After the "Approve" transaction has been processed successfully, click "Unstake" and sign the transaction.
Note: The "Approve" transaction is only needed when staking/unstaking for the first time; subsequent staking/unstaking only requires you to perform the "Stake" or "Unstake" transaction.
APY tells you the annualized rate of return based on the reward yield. It takes into account the effect of compounding since CLOCK rebases exponentially.
TVL measures the dollar amount of all the staked HOOK in Neverland.
Current Index allows you to track your gain from staking. The index started from 1 at epoch 0, and increases every epoch. If you staked at genesis (epoch 0) and never unstaked any HOOK, your balance today would be X times greater, where X is the current index. You can use the index to track your position by marking down the index number when you stake and unstake. You divide the index number when you unstake by the index number when you stake to get the ratio by which your CLOCK balance has increased.
Your Balance tells you how many unstaked HOOK are in your wallet. This is the maximum amount that you can stake.
Your Staked Balance tells you how many staked HOOK are in your wallet. This is the maximum amount that you can unstake.
Next Rebase tells you the remaining time until the next rebase.
Reward Yield tells you how much your CLOCK balance will increase when the next epoch begins. For example, if you stake 100 HOOK and the upcoming rebase is 2%, your CLOCK balance would increase from 100 to 102.
ROI (5-Day Rate) estimates how much your CLOCK balance will increase after 5 days, if the reward yield stays the same during this period. For example, if you stake 100 HOOK and the rate is 8.5%, your CLOCK balance would increase from 100 to 108.5 after 5 days.
