How to Stake TiFi Token Guide
We have already written about this project in one of our publications, today we would like to tell you about how to earn both TIFI and WBNB by staking with TiFi Bank.
Staking TIFI will make you earn extra when you put TIFI in TiFi Bank. The interest added to your balance doesn't increase TIFI supply to the market, so the anti-inflation mechanism makes your earnings safe and helps you to grow your assets. The staking interest is mainly coming from 3 sources:
The reflection of the TiFi Bank Reservoir.
The transaction fees collected from DEXs (Decentralized Exchanges), which is approximately around 0.2% of trading volume.
Users can get extra WBNB rewards. The WBNB rewards are coming from the staking fees.
The TiFi Bank Reservoir address is 0x0aeff3d761f6706295f3828c87cce29c9418a93b, or search for TiFi Bank Reservoir on BSCScan.
0.02 BNB per stake, plus gas fee.
TiFi Bank Stake has 3 different terms based on the staking time.
Staking time is less than 30 days: you will get no interest.
Staking time is between 30 days and 180 days: you will get half interest in TIFI.
Staking time is more than 180 days: you will get full TIFI interest, plus extra WBNB interest!
Other things need to know:
The interest is compoundable, you can earn more interest based on your interest that you've earned.
For the staking term whose staking time is less than 180 days, the deducted interests will go to TiFi Treasury.
For more information, please check Frequently Asked Questions of TiFi Bank.
How to Stake TIFI
To start staking TIFI, click Stake on the top for desktop or side menu from smartphone. And you will see the page like this:
Click Stake TIFI, you will see the following page:
After entering the amount you want to stake, click Enable and wait for the operation complete, and then click Stake Button. After the stake operation is done, you will see a message shown in the bottom with the transaction link.
Once you have staked TIFI, you will see the staking records on the page after you have connected the wallet. Expand the record and you will see how many TIFI and WBNB tokens you will get if you stake until a specific time.
To unstake TIFI, click the Unstake button. Then you will go to a page like this:
You can select the percentage of TIFI (amount) you want to unstake, and you will see how many TIFI and WBNB tokens you will get on the bottom. Then click Unstake to unstake TIFI.
Please note that the remaing TIFI that is being staked will still gain interest and it doesn't impact the stake starting time for this portion of TIFI.
If you have multiple staking transactions, you will see multiple records on https://tifi.net/bank/stake. The amount of rewards just shows the interests you have earned so far, it is accumulating and will grow as time goes by. So that is not the interest amount you will get when you unstake if you unstake at a later time.
To summarize, if you believe in the prospects of the coin you can consider it as a long-term investment and safely put the coin in the stake, which will increase your bank and support the project to a bullish cycle