Usual Staking Step-by-Step Tutorial (Invest Rationally)
Labrin_quant_sheep
December 19
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 the stake will deduct 10% of USUALx. Of this deducted 10%, one-third goes to USUAL*, one-third goes to USUALx still in stake, and one-third is destroyed.
3. USUALx can be sent to other wallets. You need to be careful not to accidentally send USUALx to bad actors.
4. USUALx automatically compounds, and your earnings increase in the form of: the number of USUAL that each USUALx can be exchanged for increases. However, it must be emphasized again that unlocking the stake will deduct 10% of USUALx. This means that if you do not want to incur a loss in terms of tokens, you must at least save enough from the earnings of USUALx to cover the amount returned when you unlock the stake.
5. Investment carries risks. Please make sure you understand what you are doing. NFA
6. If you have not done any on-chain operations before, I do not recommend using this guide. Because you are likely to 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 December 19)
Assuming you have a secure web3 wallet. Please ensure that only you know the private key of this wallet. Make sure your wallet has enough ETH on Ethereum to pay for GAS. I recommend preparing ETH worth 50U, and the specific amount should depend on the gas cost at that time.
If your wallet does not have enough ETH, please consider first depositing ETH into your wallet.
First, click transfer on Binance, choose on-chain withdrawal, then search for and select USUAL. You can withdraw your USUAL at 19:00 on December 19. At this time, please enter your web3 wallet address, select the Ethereum mainnet, and after confirming the address is correct, click withdraw.
Part 2: On-chain staking
First, enter the Usual website: Usual.money in the built-in browser of your wallet.
Then step one, click the top left corner.
Step 2: After clicking 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 Swap in this interface, and a new menu bar will expand.
Step 4: Select Stake from the menu bar.
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 each USUAL can be exchanged for fewer USUALx, because USUALx reflects its earnings in its relative value to USUAL, so don't worry, this is not a mistake.
After checking and confirming, click approve. You will need to sign.
After signing, the button will change to confirm. Click it to pay the gas fee, and you will have completed the staking.
