Sabai Academy

Articles

FULL GUIDE: Staking with Sabai

Sabai

Guide

FULL GUIDE: Staking with Sabai

Beginner

9 Jan 2024

Sabai Ecoverse offers its users a variety of investment tools, one of which is staking.

Staking in Sabai Ecoverse is a crypto deposit denominated in $SABAI tokens. This allows you to earn not only from the staking itself but also from the appreciation of the token's value.

If you don't have $SABAI tokens yet, we recommend using our “FULL GUIDE: How to buy $SABAI token”.

Staking comes with fixed terms: a duration of 100 days and a yield of 5% for this period (paid at the end of the staking period). Additionally, the tokens placed in staking contribute to the Staking Volume, which affects the additional returns of other Sabai Ecoverse products, such as Sabai Light.

Early withdrawal of $SABAI tokens from staking is possible with a 25% penalty on the deposit amount, regardless of the remaining staking period.

Sabai ID offers two types of staking: on-chain and off-chain. In on-chain staking, tokens from your MetaMask wallet are utilized.

If you don't have a MetaMask wallet yet, we recommend following our “FULL GUIDE: MetaMask + Sabai”.

On-chain staking is available on two blockchains: Polygon (minimum staking amount – 500 $SABAI tokens) and Ethereum (minimum staking amount – 3500 $SABAI tokens).

Additionally, Sabai Ecoverse implements off-chain staking, using tokens from the off-chain balance of your Sabai ID. The minimum size for off-chain staking is 500 $SABAI tokens.

The terms and mechanics of on-chain and off-chain staking are almost identical. The only difference lies in the tokens you use: from your MetaMask wallet or from the off-chain balance of Sabai ID.

If your off-chain balance doesn't have $SABAI tokens yet, you can refer to our guide on how to replenish it.

On-chain Staking Creation
Off-chain Staking Creation
Early Withdrawal from Staking

On-chain Staking Creation

1. To begin staking $SABAI tokens, go to your Sabai ID. Ensure that your MetaMask connection is active (green indicator). If it's red, click on the MetaMask emblem.

2. Navigate to the "Wallet" section, then "On-chain staking".

3. Choose the network in which you want to stake $SABAI tokens.

4. Enter the amount of $SABAI tokens you wish to stake and click "Next”. Note that the minimum deposit on the Polygon network is 500 $SABAI tokens, and on the Ethereum network, it's 3500 $SABAI tokens.

5. Click "Approve".

6. In the pop-up window, click "Next".

7. Then click "Approve".

8. Click "Create deposit".

9. In the pop-up window, click "Confirm".

10. Congratulations! In a few minutes, your $SABAI tokens will be staked, and you can verify this by clicking "Check Active Stakings".

11. After this, you will see active stakings and their conditions.

Note! In other sections of Sabai ID, such as the Dashboard, staked tokens will be reflected within 5-10 minutes.

Off-chain Staking Creation

1. To initiate staking $SABAI tokens, navigate to your Sabai ID and go to the "Off-chain staking" section under "My account."

2. Enter the amount of $SABAI tokens you wish to stake and click the "Next" button.

3. Then, click the "Confirm" button.

4. Congratulations! You have successfully started off-chain staking. It will now be displayed in the relevant section of the same page.

Please note that in other sections of Sabai ID, such as the Dashboard, staked tokens will be reflected within 5-10 minutes.

Early Withdrawal from Staking

Please note! When withdrawing tokens prematurely from staking, you will not receive profits for the days that have passed, and you will incur a 25% penalty on the invested deposit!

1. To prematurely withdraw $SABAI tokens from staking, log in to your Sabai ID, go to the "Wallet" section, then the "On-chain staking" subsection, and click on "Check Active Stakings."

2. Choose the active staking you wish to terminate prematurely and click the "Claim with a penalty" button. Once again, be aware that an early withdrawal from staking will result in a 25% loss of the deposit.