How To Stake KAP Games ($KAP) Tokens

KAP Games is enabling our first phase of token utility and decentralization via staking rewards.

KAP Games is enabling our first phase of token utility and decentralization via staking rewards.

$KAP token staking will soon be live on staking.kap.gg, where tokenholders can stake Uniswap v2 KAP-ETH liquidity position tokens.

Highlights:

• You can find the $KAP / ETH trading pair on Uniswap at https://v2.info.uniswap.org/pair/0x48200057593487b93311b03c845afda306a90e2a

• Staking will be live on http://staking.kap.gg/

• Staking will be done with $KAP / ETH token pairs in an LP

• Users may stake now, and rewards will begin emitting next week to ensure a fair initial launch

• Rewards can be claimed at any time, and will be unlocked over a year

Details

10% of the $KAP supply will be reserved for staking rewards, with 5% allocated each year for the next two years. Note that the KAP DAO may in the future vote to buy back its own token in the open market and place it back into the staking pool contracts to continue to incentivize certain behaviors and drive decentralization further.

The $KAP / ETH staking pool will offer a variable locking period from 1 week to 52 weeks (1 year), and all rewards vest over 52 weeks (1 year) from the date of claim, similar to other projects like Illuvium. These longer staking periods will be rewarded with substantially amplified rewards.

Additionally, we’ve pioneered a new method by which stakers can re-lock their initial stakes in order to receive substantial reward boosts. These boosts increase over time until they’re used, thus creating a set of self-balancing incentives for liquidity providers to continue to stake longer.

How to Stake (Picture Guide Below)

1. Hold $KAP token and ETH in your Metamask wallet

2. Add liquidity to https://app.uniswap.org/#/add/v2/ETH/0x9625cE7753ace1fa1865A47aAe2c5C2Ce4418569

3. Go to staking.kapital.gg

4. Stake your $KAP / ETH pair

5. Wait a while for rewards to accrue

6. Optionally, boost your pair by re-locking when time starts to run out

7. Claim your rewards, which will unlock for you a year later

Staking Walkthrough

1. Adding Liquidity & Receiving LP Tokens

https://app.uniswap.org/#/add/v2/0x9625ce7753ace1fa1865a47aae2c5c2ce4418569/ETH

Uniswap:KAP-ETHv2
Swap or provide liquidity on the Uniswap Protocolapp.uniswap.org

Head to the KAP-ETH pool on Uniswap at https://app.uniswap.org/#/add/v2/0x9625ce7753ace1fa1865a47aae2c5c2ce4418569/ETH and enter in any amount of KAP and ETH that you’d like to use to provide liquidity.

Use the Supply button to add the liquidity.

Confirm Supply to send the transaction.

Your LP tokens should be shown at the bottom of the screen if successful. Refresh the page and give it a minute if they do not immediately appear.

2. Stake Your KAP-ETH v2 LPs

http://staking.kap.gg/

Head to http://staking.kap.gg/ to stake your KAP-ETH LP tokens by pressing the Stake Now button on the left side of the screen.

Input the number of KAP-ETH LP tokens you’d like to stake, and select a variable lock period. The higher the lock period you choose, the greater your potential rewards.

Press the Stake button to confirm your position.

Complete the transaction inside of your designated wallet.

3. Boost When Your Time Runs Low

If your remaining staked time is less than the maximum (currently 365 days for this staking period), you have the opportunity to boost your stake by increasing your lock period to juice your rewards further.

Click the three dots to the right of any row of your staked sets, and choose Boost.

Select the maximum period you’d like to have your new lock reflect, and make sure you take note of the Bonus APR that you will be receiving for doing so. Press Boost Now to execute the boost.

And voila! You’ve staked and subsequently boosted your KAP-ETH LPs. Congratulations!

Thank you for joining us!

Your participation in KAP Games’ broader decentralization initiatives are extremely important to us, and help drive the utility of the KAP token across our software platforms which are used by major industry players.

Stay tuned for additional token updates!

Join our community to stay at the cutting edge of gaming innovation:

• Twitter: https://twitter.com/KAPGamesGG

• Discord: https://discord.gg/KAPGamesGG

• Website: https://about.kap.gg

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