This article shows how you can stake cryptocurrencies on SafePal Earn and earn passive returns on your crypto holdings.
About SafePal Earn: SafePal Earn is a stock earning feature built into the SafePal app to help users get the most out of crypto assets. To use SafePal Earn, please first upgrade your SafePal app above version 2.9.0.
This article covers the following steps:
- Step 1 Select a pool
- Step 2 Activate your LP tokens
- Step 3 Deposit your LP tokens
- Step 4 Complete the stick process
The first step is choosing a pool
Open the SafePal app and click on the Earn tab at the bottom. Here you can see all the pools available in SafePal Earn. You can sort them by popularity, APY and TVL or filter by network, protocol and type.
Step 2 Activate LP Tokens
Once you’ve decided which pool to join, click it to enter the staking interface. In this article, we will use PancakeSwap’s BNB-SFP as an example.
Press “Activate LP” to verify the LP Token Stake. On the confirmation page, select the network fee level and check the details, then sign it.
Attention
- An additional network fee will be charged by the network when the contract is approved.
- Since PancakeSwap and ApeSwap are smart contracts built on BSC (Binance Smart Chain), please make sure you have enough BNB (BEP20) as the mainnet fee for the stake process in the protocols.
If you are an SFP holder, you can also share SFP to earn a higher APY from the pool. To put the SFP in the pool, click “Activate SFP” and sign the confirmation.
The third step is to deposit LP tokens
Once you have activated the pool tokens, press “Deposit”.
In the Deposit interface, enter the amount of LP tokens you want to stake. If you don’t have any BNB-SFP LPs, click “Get LP” to create LP tokens in the SafePal LP Center. You can find detailed instructions on how to get LP tokens from the SafePal LP Center here.
If you have SFP, you can stake SFP in the pool for a higher APY. To do this, enter the amount of SFP tokens you want to stake. If you don’t have enough SFP tokens, click “Get SFP” to exchange some tokens for SFP using SafePal Swap. You can find detailed instructions on how to use SafePal Swap here.
Attention
- SFP stick is optional. If you don’t want to share any SFP, it won’t affect the normal process of betting pools or your returns from LP tokens. SFP staking helps you get more returns from the pool.
- You can stack SFP to earn SFP with higher profit rate.
When done, press “Deposit”.
The fourth step is to complete the process
Congratulations! You have successfully deposited crypto assets into SafePal Earn. To see the latest results, pull down the program page and update.
