X-Pool
The SoneX Pool feature allows users to lock their tokens on the SoneX Testnet to earn rewards or participate in governance. This guide will walk you through the steps to stake tokens.
Last updated
The SoneX Pool feature allows users to lock their tokens on the SoneX Testnet to earn rewards or participate in governance. This guide will walk you through the steps to stake tokens.
Last updated
Step 1: Ensure You Have Tokens and Sepolia ETH
Before staking, you must have tokens (ASTR, SONEX, or USDC) and a small amount of Sepolia ETH to cover gas fees.
Get Tokens:
Collect tokens using the SoneX Faucet by following the faucet guidelines.
Obtain Sepolia ETH:
Visit the Sepolia ETH faucet and request Sepolia ETH to cover transaction fees.
Open your browser and navigate to SoneX Pool.
Ensure you are connected to a stable internet connection.
Select the Token and Enter Amount:
On the staking page, choose the token you wish to stake from the dropdown menu.
Specify the amount of tokens you want to stake. Ensure you leave enough balance for other transactions.
Approve and Confirm Staking:
Click Confirm to authorize the staking contract to access your tokens.
Confirm the approval transaction in your wallet (a small Sepolia ETH gas fee will be deducted).
Once approved, click Stake to initiate the staking process.
Monitor Staking:
Once the transaction is processed, a confirmation message will appear indicating that your tokens have been successfully staked.
The staking page will display your staked tokens and rewards earned. By default, the staking dashboard displays all available pools, allowing you to explore other staking opportunities.
Toggle the “Staked Only” option on the dashboard to filter and view only the pools where you have staked tokens. This customization helps streamline your staking management.
Check Your Rewards:
On the staking dashboard, view the accumulated rewards displayed next to your staked tokens.
Harvest Your Rewards:
Click the Harvest button to claim your staking rewards.
Confirm the transaction in your wallet. A small gas fee in Sepolia ETH will be charged.
Verify Receipt:
After the transaction is processed, the rewards will be added to your balance.
Access Unstaking Option:
On the staking dashboard, find the Unstake button next to your staked tokens.
Initiate Unstaking:
Click Unstake, specify the amount to withdraw, and confirm the transaction in your wallet.
Wait for Completion:
Once the transaction processes, your tokens will be returned to your wallet.
The APR Calculator is a valuable tool to estimate your potential staking rewards based on the amount of tokens staked, the duration of staking, and the Annual Percentage Rate (APR).
How to Use the APR Calculator:
Access the Calculator:
The APR Calculator is available on the staking page. Look for the calculator icon.
Input Staking Details:
Enter the number of tokens you plan to stake.
Specify the staking duration (e.g., 7 days, 30 days, etc.).
The APR value will be displayed automatically, or you can adjust it if needed.
Review Reward Estimates:
The calculator will display the estimated rewards based on your input.
Use this estimate to plan your staking strategy and decide on the optimal amount and duration for staking.
Note: The APR Calculator provides estimates only and may vary based on network conditions and staking pool performance.
Insufficient Sepolia ETH:
If you don’t have enough Sepolia ETH for gas fees, visit the Sepolia ETH faucet to request more.
Approval Delays:
Approvals and staking transactions on the testnet may take a few minutes. Be patient.
Incorrect Wallet Configuration:
Ensure your wallet is connected to the SoneX Testnet before attempting to stake.
Tokens received from the faucet are for testing purposes only and have no real-world monetary value.
Always ensure you are on the correct and secure SoneX Testnet website.
By following this guide, you can easily collect tokens on the SoneX Faucet page and start exploring the SoneX Testnet environment!
