How to Stake Runes?

Staking Runes on DonutSwap involves a series of steps to ensure that your assets are securely staked and you can earn rewards. Here’s a detailed guide on how to stake Runes:

Step-by-Step Guide to Staking Runes:

1. Set Up a Non-Custodial Wallet:

   • Download and Install: Choose a compatible non-custodial wallet like MetaMask, Trust Wallet, or Xverse.

   • Create a New Wallet: Follow the instructions to create a new wallet and securely back up your seed phrase.

   • Fund Your Wallet: Ensure you have sufficient Bitcoin (BTC) in your wallet as Runes are based on the Bitcoin network.

2. Access DonutSwap:

   • Visit the Website: Go to DonutSwap official site.

   • Connect Your Wallet: Connect your non-custodial wallet to DonutSwap by following the on-screen instructions.

3. Stake Your Runes:

   • Navigate to Staking Section: Find the staking section within the DonutSwap platform.

   • Select Runes Pool: Choose the Runes staking pool you want to participate in.

   • Stake Tokens: Enter the amount of Runes you wish to stake and confirm the transaction. You will need to sign the transaction in your wallet to complete the staking process.

4. Confirm and Manage Staking:

   • Transaction Confirmation: Wait for the blockchain confirmation of your staking transaction.

   • Monitor Your Stake: Use the DonutSwap dashboard to monitor your staked Runes and any rewards accrued.

5. Unstake Runes (if needed):

   • Access Staking Dashboard: Go to the staking section where your Runes are staked.

   • Unstake Tokens: Select the option to unstake your Runes and confirm the transaction in your wallet.

   • Wait for Unbonding Period: Some staking pools may have an unbonding period before you can fully access your unstaked tokens.

Important Considerations:

• Transaction Fees: Be aware of transaction fees on the Bitcoin network, which may vary.

• Security: Always keep your wallet's private keys and seed phrases secure. Never share them with anyone.

• Rewards: Check the specific terms and conditions of the staking pool, including reward rates and distribution schedules.

By following these steps, you can stake your Runes tokens on DonutSwap and potentially earn rewards while contributing to the security and functionality of the network.