How to staking
- Open the "LON" DApp in the "Browse" channel of imToken
- Click "Staking" below to jump to the "Staking & Mining" page, then scroll down to the bottom of the page, and select "Staking" in the "Total Assets" module
- Enter the amount of LON that needs to be staked, and the corresponding amount of xLON available will be displayed on the page, click Confirm Staking" and send the transaction.
How to view earnings
- Same as above, first open the "LON" DApp in the "Browse" channel of imToken, and click "Staking" to enter the "Staking & Mining" page
- You can see the annualized yield curve of the staking on this page
- If you want to check your earnings, you can manually calculate the earning based on the xLON:LON exchange ratio on this page and the amount of xLON held by yourself
How to redeem
- Same as above, first open the "LON" DApp in the "Browse" channel of imToken, and click "Staking" to enter the "Staking & Mining" page
- Scroll down to the bottom of the page, click "Redeem", Click "Trigger Unlock Period" to start the unlock period countdown.
- After the countdown starts, you have two options:
1. Wait for the 7-day unlocking period to end, enter the second step "Redeem" page, click "Redeem Now" to get back the corresponding LON without paying a penalty
2. If you need to redeem in advance before the end of the unlock period, you can click "Forced Redemption" on the "Unlock Countdown" page, and you can redeem the staked LON in advance by paying the penalty amount (the penalty ratio decreases linearly with the countdown)
More questions about LON trade mining you could see here.
If you run into any questions or have any suggestions on Tokenlon, you are welcome to join our Discord group and chat with us.
Tokenlon,
2021.04.01
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