Fixed-Term Staking
How to use the Fixed-Term Staking option
Go to Staking page
Connect to your wallet. Choose your wallet and connect.
Choose the "Stake ABS Stake, Earn – And more!" Pool and click the Enable button.
Your wallet will ask you to confirm the action.
The new window will appear with Flexible and Locked. Click the button to bring up the staking menu.
If you choose Fixed-Term, press the button and the Lock ABS window will appear, enter the amount of ABS you wish to stake and for how long you want to lock your ABS for. Below that, you will find a summary of your position, including yield, lock duration, and unlock date and time. Double-check to make sure you are okay with the lock duration and amount staked, click Confirm, and confirm the transaction in your wallet.
Extending your lock staking duration
You can always extend the time of your locked ABS by simply clicking "Extend" and choosing how much time you want to add on top of the initial lock duration.
Remember, the longer you lock, the higher your yield will be boosted. The maximum locking duration is 52 weeks.
Double-check to make sure you are okay with the new extended lock duration and click Confirm.
Please note that you can not shorten the locking period nor withdraw your ABS prematurely.
The maximum locking duration is 52 weeks.
Adding more CAKE to your lock
You can easily do that by renewing your fixed-term staking position. Simply click "Add ABS" and choose how much ABS you want to deposit.
Please note that adding more ABS to an existing lock resets your staking term based on the remaining lock duration, essentially “renewing” your fixed-term staking position. This results in a lower yield boost because your new lock duration is lower than your initial lock duration.
Double-check to make sure you are okay with the added ABS amount and the lock duration and click Confirm.
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