This article will walk you through everything you need to know about staking SPN and how to start earning SPN rewards.
The 8 Pillars of SPN Staking presentation will give you a quick introduction as to why staking is necessary for Sapien and how you, as a user of the platform, can benefit from being a part of the Sapien community.
You can view the presentation here: https://www.sapien.network/static/pdf/Staking_SPN_Overview.pdf
Sapien is using a new protocol called Adaptive Staking. It is the formula that determines what tier you are in for the Rewards Engine. The amount of SPN Rewards you can receive each week is determined by how much SPN you stake compared to how much SPN is being staked by the rest of the community members. The higher the tier you are in, the more SPN rewards you can receive.
This article breaks down Adaptive Staking into more detail: https://blog.sapien.network/adaptive-staking-280b163f515d
This video provides insights as well: https://youtu.be/pNrILwFhciA
To get started, you’ll need to go through a few steps before getting access to the Rewards Engine.
- Create account on the Beta
- Verify MetaMask
- Acquire SPN
- Stake SPN
- Use the Sapien Platform
That might seem like a lot of steps but don’t worry. Each step is fairly straightforward and simple and we’ve already written walkthrough guides to get you set up as quickly as possible.
You’ll start here: https://beta.sapien.network/login
If you need some guidance on setting up an account, please see this account creation guide. It will run you through the steps outlined above step-by-step to get you access to the Rewards Engine.
**Please keep in mind that you will need to have a minimum of 100 staked SPN to get full access to the platform and the Sapien Rewards Engine.
Staking SPN is simple and requires you to have MetaMask and SPN. This article details the process step-by-step on how to verify your MetaMask and stake your SPN.
Once your account is created and your SPN is staked, you can now use the platform and start getting rewarded for commenting, voting, and posting. You’ll be able to view your Weekly Rewards and your progress in your Profile. See the posts below to find your staking details.
- What is my estimated Staking Tier?
- Where can I find my current Staking Tier for the Rewards Engine?
- How can I see how much SPN I must stake to move up to a higher tier?
- How do I withdraw Staked SPN?
- How can I see how much SPN I’ve earned this week?
For more information on the SPN Rewards Engine and how to join and start earning SPN, see this post here.
Please send an email to [email protected] if you need additional help. A Sapien representative is waiting to assist you!