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How to use Dynamic Rate Staking on Coin98 Super Wallet

Dynamic Rate Staking in Coin98 Super Wallet lets you stake tokens through Baryon Staking, where the reward rate changes based on the total volume of tokens staked.

What is Dynamic Rate Staking?

Dynamic Rate Staking is a staking feature in Coin98 Super Wallet that connects users to Baryon Staking. The staking rate is dynamic, which means the reward rate (APR) can increase or decrease depending on how many tokens are currently staked in the pool.

How do you stake tokens on Dynamic Rate Staking?

Step 1: Open Stake Master in Coin98 Super Wallet

Open Coin98 Super Wallet, click on the Discover icon at the bottom, and then switch to the Services tab => Choose Stake Master

Step 2: Select Dynamic Rate Staking

Step 3: Select the blockchain and the wallet address containing the tokens you want to stake

Step 4: Approve and stake your tokens (first time)

If this is your first time staking tokens on Dynamic Rate Staking:

  • Select Enable.

  • Click Approve in the Approve Token Request pop-up.

  • Enter the amount of tokens you want to stake.

  • Click Stake Now.

Step 5: Add more tokens (if you have already staked before)

If you want to stake additional tokens:

  • Select the + icon.

  • Enter the amount of tokens you want to stake.

  • Click Stake Now.

Step 6: Confirm the success message

A success message will appear after you have successfully staked → click OK

How do you harvest tokens from Dynamic Rate Staking?

Harvesting on Dynamic Rate Staking means claiming the tokens you have already earned from staking.

Step 1: Click the Harvest button

Step 2: Review the amount of tokens received after harvesting. If you agree, click Confirm

Step 3: A success message will appear after the harvest is successful → click OK

How do you unstake tokens from Dynamic Rate Staking?

Unstaking on Dynamic Rate Staking removes tokens from the staking pool and returns them to your wallet.

Step 1: Click the "-" icon

Step 2: Enter the amount of tokens you want to unstake

Step 3: A success message will appear after successfully unstaking → click OK

Key terms

  • Dynamic Rate Staking: A staking method in Coin98 Super Wallet where the reward rate changes based on the total amount of tokens staked.

  • Baryon Staking: Stake your tokens on Baryon Network via the Dynamic Rate Staking feature in Coin98 Super Wallet.

  • Stake: Lock tokens into the staking pool to start earning rewards.

  • Harvest: Claim the rewards you have earned from staking.

  • Unstake: Remove tokens from the staking pool and return them to your wallet.

  • Approve: Give the staking contract permission to use your token before the first stake.

What should you know before using Dynamic Rate Staking?

Dynamic Rate Staking uses a variable rate, so the reward rate is not fixed. The amount you earn can change over time as the total staked volume changes.

Other things to keep in mind:

  • You may need to approve the token before your first stake.

  • You may need to pay network fees for on-chain actions such as approve, stake, harvest, and unstake.

  • Token prices can change while your assets are staked.

  • Staking involves smart contract and protocol risk.

FAs

What is Dynamic Rate Staking in Coin98 Super Wallet?

Dynamic Rate Staking in Coin98 Super Wallet is a staking feature that lets users stake tokens through Baryon Staking and earn rewards at a rate that changes over time.

Do I need to approve tokens before staking for the first time?

Yes. If this is your first time staking a token on Dynamic Rate Staking, you need to select Enable and confirm Approve before you can stake.

Why does the staking rate change?

The staking rate changes because Dynamic Rate Staking is based on the total volume of tokens staked in the pool.

Can I add more tokens after I have already staked once?

Yes. If you have already staked before, you can select the + icon and stake additional tokens.

What does Harvest mean in Dynamic Rate Staking?

Harvest means claiming the tokens you have already earned from staking without removing your staked position.

What does Unstake mean in Dynamic Rate Staking?

Unstake means removing tokens from the staking pool and returning them to your wallet.

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