Stake Your IND (3,3)
Staking allows you to earn IND passively via an auto-compounding mechanism. By staking your IND, you receive sIND (staked IND) in return at a 1:1 ratio. After that, your sIND balance will rebase automatically on every epoch based on the current APY.
How to Stake
Go to the Stake page of the Infinity DAO website. Select the "Stake" tab.
Enter the amount of IND that you would like to stake in the input field. If you would like to stake all your IND, press the "Max" button and the input field will be populated with all your available IND balance.
Click "Approve" and sign the transaction.
After the "Approve" transaction has been processed successfully, click "Stake" and sign the transaction. Congratulations, you have staked your IND successfully!
How to Unstake
Go to the Stake page of the Infinity DAO website. Select the "Unstake" tab.
Enter the amount of IND that you would like to unstake in the input field. If you would like to unstake all your IND, press the "Max" button and the input field will be populated with all your available IND balance.
Click "Approve" and sign the transaction.
After the "Approve" transaction has been processed successfully, click "Unstake" and sign the transaction.
Note: The "Approve" transaction is only needed when staking/unstaking for the first time; subsequent staking/unstaking only requires you to perform the "Stake" or "Unstake" transaction.
Reading the info
APY tells you the annualised rate of return based on the reward yield. It takes into account the effect of compounding, since sIND rebases exponentially.
TVL measures the dollar amount of all the staked IND in Infinity.
Current Index allows you to track your gain from staking. The index started from 1 at epoch 0, and increases every epoch. If you staked at genesis (epoch 0) and never unstaked any IND, your balance today would be X times greater, where X is the current index. You can use the index to track your position by marking down the index number when you stake and unstake. You divide the index number when you unstake by the index number when you stake to get the ratio by which your IND balance has increased.
Your Balance tells you how many unstaked IND are in your wallet. This is the maximum amount that you can stake.
Your Staked Balance tells you how many staked IND are in your wallet. This is the maximum amount that you can unstake.
Next Rebase tells you the remaining time until the next rebase.
Reward Yield tells you how much your IND balance will increase when the next epoch begins. For example, if you stake 100 IND and the upcoming rebase is 0.5427%, your IND balance would increase from 100 to 100.5427.
ROI (5-Day Rate) estimates how much your IND balance will increase after 5 days, if the reward yield stays the same during this period. For example, if you stake 100 IND and the rate is 8.4577%, your IND balance would increase from 100 to 108.4577 after 5 days.
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