Wilder World Staking Site
Last updated
Last updated
On June 7th, 2024, we announced a significant enhancement in our staking program for both $WILD token staking and liquidity pool (LP) farming - turbocharging rewards by an incredible 3x! Whether you're a seasoned investor or new to Wilder staking, this guide will walk you through everything you need to know to take full advantage of the new rewards system. Dive in and experience the enhanced wave of profitability with Wilder World.
$WILD token staking offers a straightforward and efficient way to progressively earn $WILD rewards. By depositing your $WILD tokens onto the Wilder World staking portal, you enable them to accumulate rewards over time. The amount of $WILD rewards you earn will fluctuate based on the current APR of the staking pool. Higher demand in the pool results in a higher APR, increasing your potential earnings.
By connecting your wallet to the staking portal, you can easily monitor your accumulated rewards on the 'My Deposits' page. While rewards can be claimed at any time, please note that each claim transaction will incur gas fees. Once claimed, the rewards are locked in the $WILD staking pool for 12 months, compounding your earnings and ensuring long-term growth. After the 12-month lock period, rewards can be withdrawn to your wallet.
Importantly, while the rewards are locked for one year, your initial $WILD investment remains accessible. This flexibility allows you to make deposits and withdrawals at your convenience, giving you full control over your investment. Manage your $WILD tokens as you see fit, taking advantage of this opportunity to maximize your earnings with ease.
LP farming, also known as yield farming, involves adding liquidity to a pool by depositing equal amounts of two different cryptocurrencies. In Wilder World, this means depositing equal dollar values of $WILD and WETH.
Once these assets are paired on Uniswap, you receive LP tokens, which represent your share in the pool. These tokens, which act as a receipt for your deposit and signify your stake in the liquidity pool, can then be staked on the Wilder World staking portal to earn rewards. Similar to single staking, the rewards from LP farming are paid in $WILD and fluctuate based on the current LP APR. The more LP tokens you stake, the greater the rewards will be. $WILD rewards earned through LP farming can be claimed at any time. Upon claiming, the rewards are locked in the single staking pool for 12 months, enabling them to compound. After the one-year lock period, the $WILD rewards can be withdrawn to your wallet. Although rewards have a lock period, the LP tokens remain accessible and can be withdrawn at any time, providing you with flexibility and control over your investment.
One of the significant advantages of LP staking is the higher APR it offers compared to single $WILD staking. However, it does come with the potential risk of impermanent loss, which occurs when the value of the deposited tokens changes relative to each other.
Navigating the Staking Site: Pools and Deposits The Wilder World staking portal offers a range of features designed to enhance your staking experience. On the main page you will see two options, “Pools” and “My Deposits.” The “Pools” tab includes the available staking pools - $WILD staking and LP Farming - with current % APR and the option to "Stake" your tokens.
Once your wallet is connected, the “Deposits” tab will show the dollar value of your total stake, the number of pools you are staked in ($WILD and/or LP), as well as individual staking deposits and claimed rewards, that are associated with the connected wallet address.
Step 1: Go to the Pools tab on Wilder World Staking Site and connect your wallet.
Step2: Click “Stake” in the “Stake WILD” row to stake your $WILD tokens, or in the "Farm WILD-WETH LP" row to stake your LP tokens. For detailed instructions on generating LP tokens, please refer to our Staking and LP Wiki page.
Step 3: Enter the amount you would like to stake and click the “Stake x# WILD” or “Stake x# LP” button at the bottom. Step 4: If this is your first time staking, you will need to give permission for the Staking Portal to access your $WILD or LP tokens. To approve the interaction, press “Confirm” on the bottom left of the browser screen. This will incur a one-time transaction fee. Step 5: To complete the staking process, you will need to approve one more transaction in order to interact with the blockchain. To approve the transaction, click “Confirm” on the bottom right side of the pop-up. This will incur an additional gas fee. Step 6: Once your transaction has been approved, you will see a confirmation banner on the pop-up screen to confirm your deposit. This can now be seen on the “My Deposits” page.
As previously noted, rewards for both $WILD staking and LP farming are distributed in $WILD tokens. The 12-month lock period for rewards begins once the rewards are claimed, after which point they can be withdrawn into your wallet. Step 1: To claim your rewards, connect your wallet to the staking portal and click the three dots on the right side of your $WILD or LP deposit. Select "Claim Pool Rewards".
Step 2: A pop-up window will display your claimable rewards. Click "Claim" to open the confirmation popup. After confirming, you will be prompted to sign into your wallet to approve the transaction.
Step 3: Go to the "Deposits" page to view your claimed rewards and their respective 12-month unlock dates. Once these dates are reached, the rewards will be available for withdrawal to your wallet.
Although your $WILD rewards are locked for a year, your initial $WILD and LP deposits can be unstaked at any time.
Step 1: To unstake your deposit, click on the 3 dots next to your $WILD or LP balance and click "Unstake Deposit".
Step 2: A pop-up window will prompt you to enter the number of $WILD or LP tokens you wish to unstake. After entering the desired amount, click “Unstake x# WILD” or “Unstake x# LP” to open the confirmation popup.
Step 3: After confirming, you will be prompted to sign in your wallet to approve the transaction.
