2024-09-03 10:37:50Here's a step-by-step guide on how to make your first Web3 Staking with Bybit Web3 on the App. Before staking, you’ll have to create a Bybit Wallet and deposit your desired staking tokens into it.
How to Connect a Wallet
Step 1: On the Bybit App, Go to Web3.
Step 2: In the bottom right corner, tap Wallet to connect to your Web3 wallet.
Step 3: You can connect your preferred Bybit Web3 Wallet. If you do not have a Cloud, Keyless, or Seed Phrase Wallet, tap the corresponding card to create one. For a step-by-step guide, please refer to these articles.
Tap on the top left corner to choose a Web3 wallet for staking.
Step 4: Go to Earn to explore available staking pools. After connecting your wallet, the total value of your investment from all staking pools will be displayed in the top left corner of the Earn page.
How to Analyze a Staking Pool
Step 1: On the Earn page, you can view all available staking pools. Tap One-Click Staking to view pools based on the staking assets, or tap All Networks to view pools according to the networks. You may arrange the pools according to APR or TVL by tapping Highest APY First.
Step 2: Tap on your preferred staking pool to find out more.
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Yield trend
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Asset Characteristics
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Announcement
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Operational Mechanism
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Asset Information
How to Stake Your Funds
Step 1: On the Staking Pool page, tap Stake to place your staking order. Read and agree to the Disclaimer before tapping. I understand and am ready to proceed.
Step 2: Enter the staking amount. Verify the estimated daily yield, take note of the slippage and estimated cost, and click Approve and Confirm.
Step 3: A pop-up window will appear to indicate that the transaction is being processed.
After the staking is successful, the transaction details will be shown in the transaction history.
Please note that your investment details will also be displayed on the respective staking pool page. Details include the total yield accumulated.
On top of the base yield, some projects issue additional incentives. You may check your additional yields here.
How to Redeem Your Funds
Step 1: Navigate to Web3 → Earn → Investment Details.
Step 2: Select the pool from which you wish to redeem, and tap Redeem.
Step 3: In the pop-up window, select Single or Multiple Assets, verify the redemption details, and click Redeem.
Step 4: Confirm the redemption details, i.e., the amount and token received, by tapping Confirm.
The redemption process may take some time, and the transaction details will be available in Transaction History.
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