Everything you need to know about earning yield on your $HAWK token
Stake $HAWK to earn yield on your $HAWK tokens. When you stake $HAWK, you receive xHAWK in exchange as a yield-bearing asset.
When you eventually unstake xHAWK, you are entitled to receive more $HAWK than you initially deposited. No rewards-claiming or additional steps required, simply stake your $HAWK and hold your xHAWK to earn more $HAWK!
2. Connect your wallet that holds $HAWK tokens
3. Input the amount of $HAWK tokens you want to stake and click “Stake”
4. Click "Approve", confirm the transaction in your wallet, and wait a few seconds. When you see the pop-up that’s it, you’re done! Congratulations, you are now earning yield on your $HAWK tokens!
- 1.Whats is xHAWK token? xHAWK token represents your $HAWK token staking claim in the staking vault.
- 2.How do I claim my token staking rewards? You can claim your token staking rewards by providing your xHAWK tokens and clicking ‘Unstake’. When you unstake your xHAWK, you will receive more $HAWK tokens than what you initially deposited.
- 3.Do I need to claim rewards everyday? You do not need to 'claim' your $HAWK token rewards every day. Token rewards will be accumulated automatically over time.
- 4.What is the equivalent of 1 xHAWK to HAWK? The equivalent of 1 xHAWK will be determined by a formula based on the prevailing APY rates for $HAWK yield. The equivalent xHAWK is always greater than 1 $HAWK.
- 5.Will there be a lock-up period for staking my $HAWK tokens, if so, how long? There will be no lock-up period, and you can unstake your $HAWK tokens anytime.
- 6.What are is minimum and maximum number of $HAWK tokens to stake? There is no minimum and maximum amount of $HAWK to stake.
- 7.How can I unstake my xHAWK? xHAWK tokens represent your $HAWK token staking claim in the staking vault, which can be used to unstake your $HAWK tokens and claim rewards. There is no unstaking option for xHAWK.
- 8.How much is the staking fee? Zero. There is no staking fee, you just need to pay for Solana network fees.
- 9.What will happen to xHAWK after I use it to unstake my $HAWK tokens? The xHAWK will be burned when you exchange them back and receive $HAWK tokens.
- 10.How can I calculate the APY? The price of xHAWK over a 365-day period is determined by the prevailing APY rate.
- 11.Can I use my Ledger for staking? Yes, you can use Ledger