📍Stake ETH

Your Ultimate Guide to Staking and Earning Points with Haven1 and Stader Labs

Hello, future stakers! Ready to dive into the exciting world of staking ETH and racking up points on Haven1? Here’s a step-by-step guide to get you started and to help you understand how everything works—yes, including those intriguing points!

First things first, if you have never staked before, you might want to explore https://ethereum.org/en/staking/ to understand the basics.

Getting Started: Set Your Network Right! 🌐

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:

  1. Change Network: Simply click on ‘Switch Network’ at the top right of your screen. Easy peasy!

Let's Stake Some ETH! 🔥

Now that you're on the Ethereum network, let’s get to the fun part:

  1. Navigate to Stake: Click on the ‘Stake’ tab and decide how much ETH you want to lock in. Feeling generous? Go big!

  1. 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 be given hsETH tokens—initially at a 1:1 ratio with ETH. But hold onto your hats, because these tokens will rebase! As the staking APR adds up, the value of your hsETH increases accordingly. We’ll show you exactly how much hsETH you’re getting back before your stake.

Track hsETH in Your Wallet 🚀

  1. You surely want to be able to track your hsETH holdings. Click the ‘Add hsETH’ button and click on “Add Token” when your wallet prompt pops up.

Points, Glorious Points! 🌟

  1. Start Accumulating Points: With everything set, you’ll begin to accumulate points based on this simple formula. You can keep tabs on your points balance here. We have reserved 20% of our airdrop to users who are staking ETH.

Important to note

Handling Your hsETH

  • Transferring hsETH: If you decide to send your hsETH to a different Ethereum address, be aware that you’ll stop earning points. This is a crucial note for managing your investments.

Ready to Unstake?

  • Unstake Anytime: You can decide to unstake your ETH whenever you like. Note that it might take 7 to 10 days 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. This step is entirely in your control.

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