Stake Your MINT (🍬,🍬)
Staking allows you to earn $MINT passively via auto-compounding. By staking your $MINT with Peppermint, you receive $sMINT (staked $MINT) in return at a 1:1 ratio. After that, your $sMINT balance will increase automatically on every epoch (8 hours) based on the current APY.
How to Buy $MINT
Go to this TraderJoe.xyz swap page.
Make sure the output currency is $MINT. You can also copy and paste $MINT contract address in the output currency field to ensure you are swapping the right token. The $MINT token address on Avalanche is ---.
You can select any input currency based on your available wallet balance. We recommend AVAX-$MINT pair for the deepest liquidity!
Select the amount of $MINT you want to swap for. Then click "Approve" and sign the transaction.
After the "Approve" transaction has been processed successfully, click "Swap" and sign the transaction.
You should see $MINT in your wallet balance now after the swap transaction is successful. If you cannot find it in your wallet, add $MINT contract address to your wallet.
Note: The "Approve" transaction is only needed when you swap $MINT for the first time; subsequent swapping only requires you to perform the "Swap" transaction.
How to Stake
Go to the Stake page of the Peppermint website. Select the "Stake" tab.
Enter the amount of $MINT that you would like to stake in the input field. If you would like to stake all your $MINT , press the "Max" button and the input field will be populated with all your available $MINT balance.
Click "Approve" and sign the transaction.
After the "Approve" transaction has been processed successfully, click "Stake" and sign the transaction. Voila, you have staked your $MINT!
How to Unstake
Go to the Stake page of the Peppermint website. Select the "Unstake" tab.
Enter the amount of $sMINT that you would like to unstake in the input field. If you would like to unstake all your $sMINT , press the "Max" button and the input field will be populated with all your available $sMINT balance.
Click "Approve" and sign the transaction.
After the "Approve" transaction has been processed successfully, click "Unstake" and sign the transaction.
Note: The "Approve" transaction is only needed when staking/unstaking for the first time; subsequent staking/unstaking only requires you to perform the "Stake" or "Unstake" transaction.
Understanding the Info
APY tells you the annualized rate of return based on the reward yield. It takes into account the effect of compounding since $sMINT rebases exponentially.
TVL measures the dollar amount of all the staked $MINT in Peppermint.
Current Index allows you to track your gain from staking. The index started from 1 at epoch 0, and increases every epoch. If you staked at genesis (epoch 0) and never unstaked any $MINT, your balance today would be X times greater, where X is the current index. You can use the index to track your position by marking down the index number when you stake and unstake. You divide the index number when you unstake by the index number when you stake to get the ratio by which your $sMINT balance has increased.
Your Balance tells you how many unstaked $MINT are in your wallet. This is the maximum amount that you can stake.
Your Staked Balance tells you how many staked $MINT are in your wallet. This is the maximum amount that you can unstake.
Next Reward Amount tells you how much $sMINT you are getting next rebase,
Next Reward Yield tells you how much your $sMINT balance will increase when the next epoch begins. For example, if you stake 100 $MINT and the upcoming rebase is 0.5427%, your $sMINT balance would increase from 100 to 100.5427.
ROI (5-Day Rate) estimates how much your $sMINT balance will increase after 5 days, if the reward yield stays the same during this period. For example, if you stake 100 $MINT and the rate is 8.4577%, your $sMINT balance would increase from 100 to 108.4577 after 5 days.
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