Staking on SnapEx for Binance Smart Chain Pools — Guide
As we expanding staking to BSC, we want to make sure our Snappers are familiar with the process!
Last updated
As we expanding staking to BSC, we want to make sure our Snappers are familiar with the process!
Last updated
SNAPEX’s Staking services are now on BSC! This guide serves as an explainer for our Snappers on how to access BSC which we have divided into 2 parts: configuring your Metamask wallet and joining pools. As our first staking pool on BSC, we will be using /BNB LP as an example in the following guide.
Procedure:
· Setup the your address for BSC on Metamask if you haven’t already, click here for details
· Obtain LP tokens from PancakeSwap, SNAP/BNB by providing liquidity to the SNAP/BNB pool.
· Go to https://snapexdefi.com/on BSC, find the SNAP/BNB LP pool and confirm staking your LP tokens
1. How to setup your BSC wallet on Metamask
Network Name: BSC Mainnet
New RPC URL: https://bsc-dataseed1.binance.org
Chain ID: 56
Symbol: BNB
Block Explorer URL: https://bscscan.com/
Then press “Save”
Congratulations!! Now Your Metamask connected to Binance Smart Chain (BSC)!
Once you have successfully completed the configuration you can use the same wallet address to interact with Binance Smart Chain.
2.Obtain BSC LP tokens from PancakeSwap
SNAP/BNB Adding liquidity link: https://pancakeswap.finance/add/0x57cd5a91c18d21dedd72d3bcf255b60aef290f53/BNB
Insert the amount of BNB and SNAP token you are willing to stake, then click "Enable SNAP" and "Supply.
For further information please refer to Binance’s guide on PancakeSwap here and read the section on Adding liquidity.
3.Staking your BSC PancakeSwap LP Tokens
If you are joining an LP pool, you must first obtain LP tokens from PancakeSwap, for example SNAP/BNB by providing liquidity to the SNAP/BNB pool.
Go to https://snapexdefi.com/ and make sure you are connecting with a BSC supported wallet and click on the “change to BSC” button on the top right hand corner of the screen.
Once you have done that, you will be able to see the available asset pools, for example, the SNAP/BNB LP pool. Next you can click the “Next” button to enter the pool
Clicking Next will open up a window where you can click “Stake Now” to proceed. You will need to confirm 2 transactions, 1 for approving the contract, and the second to stake.
Approving the contract
2. Insert amount and Stake
Congratulations! You have now successfully staked your tokens!
When you want to claim your rewards or to unstake your tokens, you can return to our staking page where you will see the options to claim and withdraw your tokens as well as to unstake.
