How do I stake?

How to stake SideShift token XAI

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Written by SideShift.ai
Updated over a week ago

There are 2 options for staking XAI.

1) ON OUR STAKING DASHBOARD

Step 1

Visit the Staking Dashboard and connect Ethereum Wallet as prompted.

Step 2

Buy SideShift Token (XAI) and send these tokens to your paired Ethereum Wallet address.

Step 3

Return to the Staking Dashboard and click approve which will allow your paired Ethereum Wallet account to interact with the staking contract.
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​Please note: you will need ETH in your paired Ethereum Wallet address to interact with the staking contract.

Step 4

Once your approve transaction is confirmed, you will be able to stake XAI and receive svXAI, which represents your shares in the SideShift Staking Vault.


2) BY SHIFTING DIRECTLY TO svXAI TOKEN

The easiest way to take part in staking is by simply making a shift from your desired coin to svXAI:

You can swap any coin to svXAI directly for staking. SideShift will buy XAI and send the tokens to the on-chain staking vault on your behalf.

Please note: you may need to import svXAI as a custom token in your ETH wallet for the balance to show. More on how to do this here.

After following these steps you have successfully staked and will begin accruing rewards on-chain. Good job! 🎈
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