How to Stake Your BUMP

This guide covers all the steps for both flexible and fixed staking. Including claiming rewards, unstaking, restaking and activating autorenewal.

How to Stake $BUMP

Step 1/5

Using the top navigation within the Bumper dApp head to the Staking page and select the ‘Stake’ button next to the BUMP card in your Balances.

Step 2/5

Select the amount of BUMP tokens and choose between Fixed or Flexible staking.

Read more about Fixed v Flexible staking

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Step 3/5

You’re then taken to a confirmation screen.

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Upon confirmation you will be asked to confirm the transaction in your wallet.

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Once the transaction is submitted and completed, you’ll be redirected to the Staking page where they can see your staking entry.

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How to Claim your Rewards

If you’ve chosen fixed staking, your rewards will be claimable at the conclusion of the period. If you’ve chosen flexible staking you can claim your earned BUMP at any time.

Step 1/4

Once your tokens are claimable, the “Claim” button will be enabled. 

Step 2/4

On pressing the Claim button you’ll be directed to a confirmation screen where you can see your claimable yield.

Step 3/4

On clicking the “Confirm” button, you’ll be asked to confirm the transaction in your wallet. 

Step 4/4

Once the transaction is submitted and completed, you’ll be redirected to the Staking page and you’ll see the claimed tokens in your wallet. 

How to Unstake - Fixed Staking

Step 1/4

Once the staking period is completed, you will see an enabled “Unstake” button. Note: If you locked in for a fixed period you can’t unstake during the term.

Step 2/4

On pressing the Unstake button you’ll be directed to a confirmation screen where you can see your claimable yield and the amount staked.

Step 3/4

On clicking the “Confirm” button, you’ll be asked to confirm an ethereum transaction. 

Step 4/4

Once the transaction is submitted and completed, you’ll be redirected to the Staking page and will see the claimed BUMP tokens and your staked tokens are returned to your wallet.

How to Unstake - Flexible Staking

Within flexible staking there is a 10 day cooldown period. At the conclusion of this 10 days you will have 2 days to Unstake before the BUMP is restaked.

Step 1/5

In the flexible plan, you can choose to unstake at any time. To commence the process click the “Cooldown” button. 

Step 2/5

After clicking on the “Cooldown” button you’ll be redirected to the Confirmation page. Once confirmed you will enter a cooldown period.

Step 3/5

When 10 days or “cooldown” period has elapsed, you will then see an enabled Unstake button. You now have two (2) days to select the Unstake button, else they would need to again enter a cooldown period for unstaking. 

Step 4/5

You will then be directed to the confirmation page. On clicking the “Confirm” button, you will be asked to confirm an ethereum transaction. 

Step 5/5

Once the transaction is submitted and completed, you’ll be redirected to the Staking page and you can see the claimed tokens and original staking amount in your wallet.

How to Restake with Fixed Staking

Step 1/5

Once the staking period is completed, you should see an enabled “Restake” button this allows you to restake with the current staking period.

Step 2/5

On pressing the Restake button you’ll be directed to a confirmation screen.

Step 3/5

On the confirmation screen, you have the opportunity to restake the rewards along with the original principal amount by clicking on the toggle.

Step 4/5

On clicking the “Confirm” button, you’ll be asked to confirm an ethereum transaction.

Step 5/5

Once the transaction is submitted and completed, you’ll be  redirected to the Staking page where you’ll see your BUMP being staked for another term.

How to Auto-renew - Fixed Staking

Step 1/4

A user can always enable the auto-renew. When a user enabled auto-renew they will be automatically restaked with their existing fixed term selection.

Step 2/4

When the user clicks on the auto-renew toggle, the user is directed to a confirmation screen. The toggle can be used to turn on/off the auto-renew setting

Step 3/4

On clicking the “Confirm” button, the user is asked to confirm an ethereum transaction. 

Step 4/4

Once the transaction is submitted and completed, the user is redirected to the home page and they can see the toggle being set to on or off.