How to stake $DMT using Enkrypt
If you're holding $DMT, why not put it to work?! Learn how to stake your $DMT in the guide below. Staking $DMT has never been so easy!
Sanko, the Layer 3 (L3) blockchain built on Arbitrum, aims to combine the internet of value with the golden era of gaming. Featuring transaction fees at a fraction of a penny, and advanced developer tools, Sanko is positioned as the optimal infrastructure layer for gamers to engage and transact within in-game economies. Developed by Sanko GameCorp©, the creators of The Dream Machine and Sanko.TV, Sanko hosts titles from Sanko GameCorp and offers incentives for independent game developers to deploy their games on the platform.
Enkrypt is a multichain, non-custodial, and open-source web3 browser wallet built by the team behind MEW (MyEtherWallet). With Enkrypt, users and developers can generate accounts, manage tokens and NFTs, and interact with DApps on Sanko, as well as Bitcoin, Substrate and EVM chains. Follow the instructions in this guide for how to stake $DMT using Enkrypt!
First things first, we’ll need our very own Sanko Pets Bun. Head to https://sudoswap.xyz/#/browse/sanko/buy/buns to pick one up.
*Note that you’ll need native $DMT on Sanko Chain in order to participate.*
After connecting your wallet, select which one you want to buy. Now’s a good time to mention that they all have the same function (allowing you to stake $DMT) and it boils down to a matter of personal preference for which one you purchase.
Once you make your pick it’ll appear in your cart. Click on the “sudo swap” button at the bottom of your cart in order to initiate the transaction.
Once you’ve secured your Sanko Pet Bun, you wanna head to Sanko.pet.Click on “Connect Wallet!”.
Select Enkrypt.
Once you’re connected, your Sanko Pet Buns will appear where the “Connect Wallet!” button previously was. Select which Sanko Pet Bun you want to utilize and click “Play”.
* Every Sanko Pet Bun enables users to stake $DMT, so try not to overthink it. They’re all essentially the same exact thing! Pick whichever Sanko Pet Bun your heart desires. *
For this example we chose the reptile-looking Sanko Pet Bun. Regardless of which Sanko Pet Bun you choose - click “Menu” on the top left of the page.
Click on “Farm”.
Once you’re in your farm, click on the “Staking” button on the bottom right of the page.
The following window will pop-up. This is where you can stake your precious $DMT.
Select your unbonding period, enter in how much $DMT to stake, then click on the big “STAKE” button when you’re ready.
Your APY% will depend on which unbonding period you select. For example - the 2 week unbonding period will take 2 weeks for your $DMT to arrive in your wallet after unstaking, but it offers the lowest APY%.
On the other hand, the 6 month unbonding period will take 6 months for your $DMT to arrive in your wallet after unstaking, but it offers the highest APY%.
Once you pick an unbonding period you’re committed, so pick wisely!
Scrolling down, you’ll see your current positions, the current APY%, along with the unbonding period.
Scrolling down even more you’ll see rewards that you’ve accumulated over time. These redeem instantly, click on “Redeem” whenever you’re ready.
And that’s it! You now know everything you need to know in order to stake your $DMT. Should we do a more in-depth guide on Sanko.pet? Let us know on socials!