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How To Stake PEAK on the PeakDefi Launchpad
The basic requirements if you want to stake PEAK on our launchpad are:
  1. 1.
    You already have PEAK tokens in your wallet (if you don't have PEAK tokens yet, you can easily get them via an exchange of your choice: MEXC Global, Bibox, Pancakeswap, Uniswap, Hitbtc and many more. A current overview of all pairs and exchanges can be found at: https://coinmarketcap.com/currencies/peakdefi/markets/ , It is important to note that you need your PEAK token on the Binance Smart Chain, as our launchpad is aligned for the Binance Smart Chain).
  2. 2.
    You have a wallet installed in your browser where you hold the PEAK tokens (If you don't have one yet, you can use for example Metamask, which you can easily download as an extension on Google Chrome/Firefox or as an app on iOS/Android. Here you can install the Metamask Chrome Extension for Google Chrome: https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn?hl=en . After that you can directly set up your new Metamask Wallet).
  3. 3.
    Visit https://launchpad.peakdefi.com/ (Always make sure you have the right URL! Open the website from the browser where you installed your wallet).
  4. 4.
    Connect your wallet to our launchpad by clicking on 'Connect Wallet' in the upper right corner.
  5. 5.
    Set the right network. Our launchpad is running on the Binance Smart Chain, so you need to switch to the right network to be able to interact. (If you haven't set up the Binance Smart Chain yet, you can follow these instructions to set it up for Metamask: https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain )
  6. 6.
    Have some BNB in your wallet to be able to pay the transaction fees on our launchpad. For the beginning it is enough if you have e.g. $30 in BNB tokens! (A current overview of all pairs and exchanges for BNB can be found at: https://coinmarketcap.com/currencies/bnb/markets/ )
If you have fulfilled all five requirements, I will now explain to you how you can easily stake your PEAK Tokens to receive 20% APY and receive IDO pool allocations for upcoming projects (Your IDO pool allocation depends on how much PEAK tokens you stake, you can find more information about our tier levels here.).
Step 1: Starting from the homepage of our launchpad, click on 'Stake' at the top of the bar to enter the staking area.
Step 2: In the Staking area, scroll down a little until you see the 'Stake PEAK' box.
Step 3: Enter the amount of PEAK tokens you would like to stake in the gray field. Alternatively, you can click on the 'Max' button to have all PEAK tokens from your wallet automatically entered into the field. As a third option, you can also use the slider to specify percentage-wise how many PEAK tokens from your wallet you want to stake. If you decided how many PEAK Tokens you would like to stake, click on the blue 'Stake PEAK' button to confirm the amount of PEAK tokens.
Step 4: A pop up window will open asking you to confirm that you are aware that if you have already staked PEAK tokens on our platform and are now staking new PEAK tokens, the cooldown period will start over. In principle, every time you interact with our staking smart contract, the cooldown period will start all over again (whenever you deposit new PEAK Tokens, pay out a portion, claim your PEAK rewards, etc.). This means that if you want to withdraw a portion of your PEAK tokens from the staking program, penalty fees will be applied again. Generally speaking, it takes 8 weeks until the cooldown period is over. Depending on how many weeks have passed since the last interaction, you will have to pay between 30% and 5% of your PEAK Tokens. Beyond the 8 weeks, there is no further fee unless you interact with our staking smart contract again.
Besides that, if you already staked PEAK tokens, your rewards will be automatically transferred to your wallet.
Step 5: If you agree, click on the checkbox. After that the 'Stake PEAK' button will change its color from gray to blue and you can confirm everything.
Step 6: A pop up window of your wallet will open giving you an overview of your transaction. It will show you how much the expected transaction fee will be in BNB. Scroll down to see all the details.
Step 7: If you agree, click on the 'Confirm' button at the bottom of the pop-up window.
Step 8: If everything worked out (and you also had enough BNB in your wallet) a small info text will appear in the bottom left corner telling you that your transaction is pending.
Step 9: If everything went smoothly, you will receive two small pop up windows. One from your wallet that the transaction has been confirmed and one from our launchpad itself. That's it! Click on 'Done'.
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