How to Stake? A step-by-step guide WeHMND/WETH
Follow this guide to stake your LP tokens & providing liquidity to Humanode BioDeFi.
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.
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.
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.
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.
Step 3. Swap eHMND to WETH
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
Step 4. Add liquidity / Pool WeHMND/WETH
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:
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.
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:
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