Earn rewards by Staking ETH
Liquid staking ETH on Haven1 allows you to double dip rewards by earning attractive yields by using your hsETH in Haven1 DEFI ecosystem in addition to native ETH staking yield
Last updated
Liquid staking ETH on Haven1 allows you to double dip rewards by earning attractive yields by using your hsETH in Haven1 DEFI ecosystem in addition to native ETH staking yield
Last updated
Get started by going here Direct Link
Hello, LPs! Ready to dive into the exciting world of staking ETH and racking up LPs on Haven1?
Here’s a step-by-step guide to get you started and to help you understand how everything works
First things first, if you have never staked before, you might want to explore Ethereum Staking to understand the basics.
Now that you are ready, let's make sure you're on the right network. If you’re hanging out on the Haven1 network, you’ll need to switch over to Ethereum Mainnet:
Change Network: Simply click on ‘Switch Network’ at the top right of your screen. Easy peasy!
Now that you're on the Ethereum network, let’s get to the fun part:
Navigate to Stake: Click on the ‘Stake’ tab and decide how much ETH you want to lock in. Feeling generous? Go big!
Stake ETH to obtain hsETH: On clicking 'Stake ETH' you will have to approve the spend and then confirm the transaction. Upon staking, you’ll receive hsETH tokens of the exact same $ value. Transaction cost being shown is the gas you pay on Ethereum Mainnet. Haven1 doesn't charge any fees on this action.
Note that as hsETH accrues staking rewards, it will rebase and gain in value against ETH. We’ll show you exactly how much hsETH you’re getting back before your stake.
You should go to bridge next and bridge your hsETH from Ethereum Mainnet to Haven1 Mainnet by going to this Direct Link
Simply select Ethereum as the Send From Network
Next choose hsETH as the token you want to bridge
You will see Haven1 Mainnet as the Send To network and hsETH has the token you will receive
Fill in the amount of hsETH you want to bridge or simply choose Max if you want to bridge in all your hsETH
Click Confirm after reviewing everything
You will need to pay the gas on Ethereum Mainnet. There is no deposit fee being charged by Haven1 network
You can now start using hsETH on Haven1 Mainnet DEFI
You may want to pool your hsETH with hETH(Bridged Ethereum from Ethereum Mainnet) on hSwap by going here https://swap.haven1.org/#/pool
Alternatively for ease of use, you may want to use single sided automated liquidity management vaults offered by Ichi on Haven1 mainnet by going to think Link(coming soon)
This will allow you to deposit only 1 asset hsETH rather than needing both the assets in a specific ratio
hSwap may also offer incentives on these Ichi vaults to bootstrap liquidity on these pools. Check this information on the UI before providing liquidity to these assets
Ready to Unstake?
Bridge out hsETH from Haven1 Mainnet to Ethereum Mainnet by visiting this Direct Link
Unstake Anytime: Once you get your hsETH back on Ethereum mainnet, you can decide to unstake your ETH anytime by going to this Direct Link.
Note that it might take 7 to 10 days, depending upon the Unstake Queue, for your assets to be ready to withdraw once you’ve unstaked.
Withdrawing Your Unstaked ETH: After the unstaking process is complete, your assets will become available for withdrawal. Visit Withdrawal by visting this Direct Link to withdraw your ETH
Haven1 mandates application developers to get 2 audits done before they are allowed to deploy any application on the network. In line with the policy, we got 2 audits done for this product.