🥩$HAWK staking
Everything you need to know about earning yield on your $HAWK token
How does $HAWK staking work?
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!
Step-by-step guide
Go to Hawksight staking page (https://staking.hawksight.co/)
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!
Frequently-asked-questions (FAQs):
Whats is xHAWK token? xHAWK token represents your $HAWK token staking claim in the staking vault.
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.
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.
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.
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.
What are is minimum and maximum number of $HAWK tokens to stake? There is no minimum and maximum amount of $HAWK to stake.
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.
How much is the staking fee? Zero. There is no staking fee, you just need to pay for Solana network fees.
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.
How can I calculate the APY? The price of xHAWK over a 365-day period is determined by the prevailing APY rate.
Can I use my Ledger for staking? Yes, you can use Ledger
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