Things you need to know about staking USUAL.
1. Staking has no lock-up period. This means you can unlock (unstake) at any time.
2. However, unlocking staking will deduct 10% of USUALx. Of the deducted 10%, one-third is given to USUAL*, one-third is given to the USUALx that is still staked, and one-third is burned.
3. USUALx can be sent to other wallets. Be careful not to accidentally send USUALx to bad actors.
4. USUALx automatically compounds, your yield growth is reflected in: the number of USUAL that each USUALx can be exchanged for increases. However, it is important to emphasize that unlocking staking will deduct 10% of USUALx. This means that if you do not want to incur a loss in the principal, you must at least earn enough USUALx to cover the amount to be returned when unstaking.
5. Investing carries risks. Please ensure you understand what you are doing. NFA.
6. If you have not performed on-chain operations before, I do not recommend using this guide. Because you may lose all your assets due to mistakes.
Step-by-step guide (mobile version):
Part 1: Withdraw USUAL from Binance to your web3 wallet (operations can start at 19:00 UTC+8 on 12.19).
Assuming you have a safe web3 wallet. Please ensure that only you know the private key of this wallet. Make sure your wallet address has enough ETH on Ethereum to pay for GAS. I recommend preparing ETH worth 50U, the specific amount should be based on the gas cost at that time.
If your wallet does not have enough ETH, please consider topping up your wallet with ETH first.
First, click transfer on Binance, and choose on-chain withdrawal, then search and select USUAL. You can withdraw your USUAL at 19:00 on 12.19. At this time, please enter the address of your web3 wallet, select the Ethereum mainnet, and after confirming that the address is correct, click withdraw.
Part 2: On-chain staking.
First, enter the Usual website in the wallet's built-in browser: Usual.money.
Then click the top left corner for the first step.
Step 2: Click the top left corner, the menu will expand, please click Swap.
Step 3: After clicking swap, a new interface will load. Please click the arrow on the right side of the Swap in this interface, a new menu will expand:
Step 4: Select Stake from the menu (which means staking).
Step 5: Click this small purple icon to switch to staking USUAL.
Step 6: Enter the amount you want to stake.
Step 7: Check the staking amount.
You will see that the number of USUAL that can be exchanged for each USUALx is less. This is because USUALx reflects the yield in its relative value to USUAL, so don't worry, this is not an error.
After checking, click approve. You need to sign.
After signing, the button will change to confirm. Click to pay the gas fee, and you will have completed the staking.
