This guide explains how to Stake and Unstake Splintershards (SPS).
Staking locks the SPS in exchange for gaining passive rewards (returning both SPS & vouchers). The amount rewarded to each player depends on the total percentage of your stake vs. everyone else's amount staked so that each player receives their share (dependent on the value staked). These funds may be unlocked at any time, but take four weeks for the entirety to be returned.
- Be sure to Claim your liquid SPS prior to staking it.
- View the Official Splintershards Whitepaper for a more in-depth walkthrough of everything SPS related.
Stake SPS
Step 1: Go to the SPS management screen by clicking on the SPS icon. This button is located next to your username on the top of your screen.
Step 2: Once you arrive at the SPS management screen, you will see the total amount of liquid SPS in your account. This is the amount of SPS that is not currently staked/locked, which means it is spendable and transferrable. If you wish to stake the SPS for rewards, you must click the Stake button.
Step 3: After clicking the Stake button, enter the amount of SPS you wish to stake. You can enter a percentage of your total liquid SPS to stake or enter the value manually. To lock the amount in, click Stake.
Step 4: You will then receive this message asking if you are sure that you would like to confirm this transaction. This message will explain how long it will take to unstake your assets if you want them unlocked.
Step 5: After confirming, your total amount staked should now be updated with your selected amount. The staked amount will look similar to the above (underlined in green). Once it's staked, the SPS is locked, and you can no longer transfer it.
Note: If you had SPS or Vouchers ready to be claimed before staking, these rewards would automatically be claimed and added to the liquid balance (underlined in purple).
Unstake SPS
Step 1: Click the SPS icon to be taken to the SPS management screen.
Step 2: You will see the total amount of SPS staked (underlined in purple). To proceed with the unstaking, select the amount of SPS you have locked in and click Unstake.
Step 3: Enter the total amount of SPS you would like to start unstaking.
Step 4: Click Unstake after entering the amount you want unstaked. The unstaking process will take a period of four weeks. You will receive 25% of the designated amount per week.
- Example: If you unstake 4 SPS, then you will receive 1 SPS for each week that passes. For 100 SPS, you will receive 25 SPS weekly, and so on.
Step 5: Once processed, you will see a new message on the SPS management page displaying the next date your SPS will be returned.
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