How to Stake? A step-by-step guide WeHMND/WETH
Follow this guide to stake your LP tokens & providing liquidity to Humanode BioDeFi.
Last updated
Follow this guide to stake your LP tokens & providing liquidity to Humanode BioDeFi.
Last updated
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.
For seasoned crypto users only! You can acquire eHMND from the Impossible DEX deployed on the Humanode chain if you prefer not to use a CEX. To buy eHMND, first, you need to bridge WETH from Ethereum Network to Humanode EVM using the ChainPort cross-chain bridge. After bridging USDC, ChainPort airdrops you 5 eHMND which is more than enough to swap on the DEX. Bridging from the Ethereum Mainnet to the Humanode EVM requires gas fees in ETH.
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.
The swap from HMND (Native HMND tokens) to eHMND (EVM version of HMND) is required because LP staking is available on Impossible DEX, deployed on the Humanode EVM version.
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.
After acquiring eHMND, swap almost 50% of it for WETH on Impossible Finance, keeping about 20 eHMND aside for future network fees. This is required since we need WETH and eHMND to obtain WeHMND/WETH LP tokens.
For sophisticated crypto users! Skip this step if you already bridged WETH from Ethereum Network.
Here's how you can do it:
Swapping requires a network fee.
If you can't find the WETH token, paste this contract address and the WETH token will show up. Contract Address: 0xA73b7ee7d585E032f11aDFAC1eeC7415C93FE65F
Now you are ready to provide Liquidity to Impossible Finance DEX. To do that, add WeHMND and WETH to the WeHMND/WETH pool on Impossible Finance DEX. In return, you will receive Liquidity Provider (LP) tokens that represent the value of your assets.
For pooling, keep the same $ amount of WETH and WeHMND in your wallet address.
To Add liquidity:
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.
Biomapping is essential as it ensures one account per person, making the staking process Sybil-resistant and the new reward scheme possible.
Ensure you connect the wallet address you'll use for staking as biomapping is irreversible – an EVM address once linked to your biometrics cannot be reassigned to a different address.
Biomapping requires 2 eHMND + a network fee.
Congratulations! Your assets are now stake and you are earning passive income. Click on Your Details to learn more about your staked tokens and rewards.
To learn more about Humanode's Nonlinear LP staking:
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.
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 WETH (Wrapped ETH) in the To field and enter the number of tokens you want to swap.
Approve Spending on your wallet.
Swap the Approved amount of WeHMND to WETH.
On the Biostaker app, Click "Add Liquidity"
You'll be directed to the Impossible Finance Dapp. Enter the amount of WeHMND & WETH tokens you wish to add to the liquidity pool.
Approve spending WETH & WeHMND on your wallet.
Supply the approved amount to the liquidity pool.
Confirm Supply and Add LP tokens WeHMND/WETH to your wallet.
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/WETH LP tokens on the Biostaker app. Just click Max in the Tokens to stake field, APPROVE SPENDING, Confirm in your wallet, and STAKE. You can view and manage your staked tokens and rewards in the Biostaker app.
