How to Stake? A step-by-step guide WeHMND/USDC
Follow this guide to stake your tokens by providing liquidity to Humanode BioDeFi.
Here's a comprehensive video tutorial to staking on Humanode Biostaker:
Step 1. Get HMND on Centralized Exchanges (CEXs)
Buy HMND tokens on any of the centralized crypto exchanges. Centralized exchanges where you can buy HMND. BingX | BitMart | KuCoin | SimpleSwap | CoinEx
Once you get HMND from any exchange, move on to the next step.
Step 2. Swap HMND to eHMND
Humanode supports two address formats: native Humanode addresses starting with hm…
and Ethereum-compatible (EVM) starting with 0x…
. While most of the exchanges support native addresses, to stake you need to move your tokens to an EVM address using the internal swap.
To get started:
If you purchased HMND on Bitmart, you can directly withdraw eHMND to your MetaMask wallet. Else transfer native HMND from CEX to your
hm…
address created with Talisman Extension, if purchased on another exchange.
Use the internal HMND/eHMND swap to convert HMND to eHMND. Connect your Talisman wallet ( Humanode address) and connect or just paste your Ethereum-compatible address to receive eHMND.
You can use either Talisman or Metamask for the Ethereum-compatible address.
Step 3. Swap eHMND to USDC
After acquiring eHMND, swap almost 50% of it for USDC on Impossible Finance, keeping about 20 eHMND aside for future network fees. This is required since we need USDC and eHMND to obtain LP tokens.
Here's how you can do it:
On the Impossible Finance swap, Connect your wallet. Make sure you switch to Humanode Mainnet on your wallet.
Select WeHMND (Wrapped eHMND) in the
From
field and USDC in theTo
field and enter the number of tokens you want to swap.Approve Spending on your wallet.
Swap the Approved amount of WeHMND to USDC.
Step 4. Add liquidity / Pool WeHMND/USDC
Now you are ready to provide Liquidity to Impossible Finance DEX. To do that, add WeHMND and USDC to the WeHMND/USDC pool on Impossible Finance DEX. In return, you will receive Liquidity Provider (LP) tokens that represent the value of your assets.
To Add liquidity:
On the Biostaker app, Click "Add Liquidity"
You'll be directed to the Impossible Finance Dapp. Enter the amount of WeHMND & USDC tokens you wish to add to the liquidity pool.
Approve spending USDC & WeHMND on your wallet.
Supply the approved amount to the liquidity pool.
Confirm Supply and Add LP tokens WeHMND/USDC to your wallet.
Step 5. Biomap your EVM address and Stake LP tokens
Next, link your EVM address to your biometrics through a private face scan safeguarded by Humanode's cryptobiometric technology to prove you are a unique human. Unlike KYC, it doesn't require any personal information about you.
Visit the Humanode Biostaker app, connect your wallet, and select 'BIOMAP'
Accept the Terms and Privacy Policy.
Complete the face scan
Connect Wallet and Submit Transaction.
Once you've biomapped your address, stake WeHMND/USDC LP tokens on the Biostaker app. Just click Max in the
Tokens to stake
field,Approve Spending
, and Confirm in your wallet. You can then view and manage your staked tokens and rewards in the Biostaker app.
To learn more about Humanode's Nonlinear LP staking:
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