how to stake shiba inu on shibaswap

Connect your MetaMask wallet to Shibaswap, select the desired staking pair, enter your SHIB staking amount, and approve the transaction to initiate the staking process and earn passive income.

Oct 16, 2024 at 10:00 am

How to Stake SHIBA INU on Shibaswap

Staking SHIBA INU (SHIB) on Shibaswap is a great way to earn passive income while supporting the SHIBA INU ecosystem. Here's a step-by-step guide on how to stake SHIB on Shibaswap:

1. Set Up a MetaMask Wallet
Firstly, you need a MetaMask cryptocurrency wallet to interact with Shibaswap. If you don't have one, create a new one at metamask.io.

2. Add SHIBA INU to MetaMask
Once your MetaMask wallet is set up, add the SHIBA INU (SHIB) token to your wallet. Click on the "Add Token" button in your MetaMask wallet and search for "SHIB". Select the SHIB token and click "Add Token" to add it to your wallet.

3. Connect to Shibaswap
Now, navigate to the Shibaswap website and click on the "Connect Wallet" button. Select "MetaMask" as your wallet provider and connect your MetaMask wallet by following the on-screen instructions.

4. Open the Burying Feature
Once your MetaMask wallet is connected, click on the "BURY" tab on the Shibaswap website. This will open the staking page where you can stake your SHIB tokens.

5. Select a Pair
On the staking page, select the pair you want to stake. You can stake SHIB alone or stake it in a pair with the LEASH or BONE tokens to earn higher rewards.

6. Enter Staking Amount
Enter the amount of SHIB you want to stake in the designated field. You can also choose to stake all of your SHIB tokens by clicking on the "Max" button.

7. Approve Staking
Once you have entered the amount you want to stake, click on the "Approve" button. This will prompt you to confirm your staking transaction in your MetaMask wallet. Sign the transaction to approve staking.

8. Stake SHIB
After your transaction has been confirmed, click on the "Stake" button to initiate the staking process. This will stake your SHIB tokens in the selected pair.

9. View Staking Rewards
Once your SHIB tokens are staked, you can view your staking rewards by clicking on the "Claimable Rewards" tab on the staking page. You can claim your rewards at any time.

10. Unstake SHIB
To unstake your SHIB tokens, click on the "Unstake" button on the staking page. You will need to wait for the unstaking period to complete before withdrawing your tokens.

Conclusion
Staking SHIB on Shibaswap is a simple and effective way to earn passive income while supporting the SHIBA INU ecosystem. By following the steps outlined in this guide, you can easily stake your SHIB tokens and start earning rewards today.