How to stake THOL and NFTs

18 Apr 2023 · 5 min read

Staking
Staking
THOL
THOL
NFT
NFT
Tutorial
Tutorial

Before you start

Ensure the following:
  • You are using a Chrome Browser.
  • You have a MetaMask wallet extension installed and set up in Chrome. We recommend using Metamask, but you can also use WalletConnect to interact through other wallets.

THOL Staking

Get THOL

  • Visit Uniswap and swap your preferred tokens for THOL (decentralized option).
  • Visit MEXC exchange and get THOL through the USDT/THOL trading pair.

Connect your wallet

Make sure to have THOL and/or NFT in your wallet, otherwise you will not be able to access the Staking interface.
  1. Click Connect wallet in the top-right corner of the page.
  2. Choose MetaMask.
  3. If you have multiple accounts in MetaMask, choose an account to connect and click Next.
  4. If asked, switch to the Ethereum Mainnet network and click on Switch network to confirm switching.
  5. Click Sign and wait for a couple of moments till the connecting process is finished.
  6. Successful connection to AngelBlock Protocol is indicated at the top right corner by the address of the wallet you connected. Now you will be able to access the Staking interface.

Stake THOL

Before staking THOL, note that:
  • Currently, THOL can only be staked on Ethereum.
  • Make sure you have some ETH to pay the gas fee for your staking transaction.
  • Staking rewards are accrued on a daily basis and auto-compounded.
  • You can stake THOL and NFTs together in a single transaction to save on transaction fees.
  1. Make sure to be on the Stake interface (not Unstake)
  2. Enter the desired amount of THOL to stake and click Approve staking to approve AngelBlock access to your THOL.
  3. In Metamask, set a spending cap for your THOL or allow for unlimited spend and click Next. Review and click on Approve. (Only enter a number that you're comfortable with the contract spending now or in the future. You can always increase the spending cap later).
  4. Back in the THOL Staking interface, click on Stake.
  5. Confirm the transaction in MetaMask.
  6. You will be able to see your staked THOL in the Recent Transactions section below. It may take a few moments for the transaction to finalize and AngelBlock Staking dashboard to update.

Unstake THOL

After you unstake your THOL, there is an unlocking period of 10 days during which staking rewards are not accrued. (NFTs are not subject to any unlocking period).
  1. Click on Unstake to access the Unstake interface (not Stake).
  2. Enter the desired amount of THOL to unstake and click Unstake.
  3. Confirm the transaction in MetaMask.
  4. You will be able to see your unstaked THOL in the Recent Transactions section below. It may take a few moments for the transaction to finalize and AngelBlock Staking dashboard to update.
  5. Your unstaked THOL is queued and will be available for Release after the unlocking period ends (10 days).
  6. After the 10 days, click on Release $THOL to credit the tokens to your wallet
  7. Confirm the transaction in MetaMask, and you will receive the THOL tokens in your wallet.

NFT Staking

Get NFT

​​Visit the AngelBlock NFT collection on OpenSea and get your preferred NFTs.

Connect your wallet

Make sure to have THOL and/or NFT in your wallet, otherwise you will not be able to access the Staking interface.
  1. Click Connect wallet in the top-right corner of the page.
  2. Choose MetaMask.
  3. If you have multiple accounts in MetaMask, choose an account to connect and click Next.
  4. If asked, switch to the Ethereum Mainnet network and click on Switch network to confirm switching.
  5. Click Sign and wait for a couple of moments till the connecting process is finished.
  6. Successful connection to AngelBlock Protocol is indicated at the top right corner by the address of the wallet you connected. Now you will be able to access the Staking page.

Stake NFTs

Before staking NFTs, note that:
  • Staking rewards for NFTs are calculated based on their corresponding value in THOL. (NFT staking formula).
  • Currently, NFTs can only be staked on Ethereum.
  • Make sure you have some ETH to pay the gas fee for your staking transaction.
  • Staking rewards are accrued on a daily basis and auto-compounded.
  • You can stake THOL and NFTs together in a single transaction to save on transaction fees.
  1. Make sure to be on the Stake interface (not Unstake)
  2. Switch on the Staking NFT button.
  3. In Metamask, Confirm the request to approve AngelBlock access to your NFTs.
  4. Back in the NFT Staking interface, Select the NFTs you intend to stake and click on Stake.
  5. Confirm the transaction in MetaMask.
  6. You will be able to see your staked NFTs (in the corresponding THOL value) in the Recent Transactions section below. It may take a few moments for the transaction to finalize and AngelBlock Staking dashboard to update.

Unstake NFTs

NFTs are not subject to any unlocking period and will be available in your wallet right after the unstaking.
  1. Click on Unstake to access the Unstake interface (not Stake).
  2. Select the NFTs you intend to unstake and click on Unstake.
  3. Confirm the transaction in MetaMask.
  4. You will be able to see your unstaked NFTs (in the corresponding THOL value) in the Recent Transactions section below. It may take a few moments for the transaction to finalize and AngelBlock Staking dashboard to update.
  5. Your unstaked NFTs will be in your wallet right after the unstaking.

Written by: Christian Santagata

Protocol based platform
for startups and investors.


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