Looking to stake your ILV tokens in Illuvium Staking? You've come to the right place! This simple, step-by-step guide will walk you through the process, from setting up your wallet to staking and claiming rewards. Let's get started!
Install and Configure MetaMask for Illuvium Staking. First, install the MetaMask browser extension (compatible with Chrome, Firefox, and Brave), create a new wallet or import an existing one, and add the Ethereum network. You may also use a hardware wallet, like Ledger, in conjunction with MetaMask.
Purchase ILV tokens from various exchanges such as Binance, Coinbase, or Uniswap, and send them to your wallet or trade directly on a decentralized exchange with your wallet.
If you acquired ILV from a centralized exchange like Binance, transfer them to your MetaMask wallet. Ensure you have sufficient ETH for gas fees associated with staking transactions.
Connect to the Illuvium Platform. Access the Illuvium website (https://staking.illuvium.io/), click "Connect Wallet" in the top-right corner, choose MetaMask, and approve the connection request. Always verify the website's authenticity, even when linked.
Navigate to the "Stake ILV" tab on the staking portal, input the amount of ILV tokens you want to stake, choose the desired weight and lock-up period, and click "Approve" to authorize the smart contract. Then, click "Stake" to initiate staking your ILV tokens.
Monitor Your Staking Progress. Keep track of your staked ILV tokens and rewards on the "Dashboard" tab of the staking portal, where you can view the current APY, ILV rewards, and other valuable information.
When you're prepared to unstake your ILV tokens or claim rewards, visit the "Dashboard" tab and select "Unstake" or "Claim" as necessary.
Congratulations! You've successfully staked your ILV tokens on Illuvium Staking. By following these steps, you've joined the thriving Illuvium community and can enjoy the benefits of staking. Keep an eye on your rewards and happy staking!