Alfprotocol Staking dApp for SPL Tokens
AlfProtocol, a capital deployment protocol on Solana for liquidity provision and yield farming, launches a staking dApp for SPL tokens!
Alfprotocol developed and launched its Staking solution that lets other Solana-based projects launch their staking pools securely and straightforwardly.
Alfprotocol recently announced its partnership with Soldex, a native, scalable and decentralized exchange governed by the community, to expand Token Utility. SOLX token will also be available for staking in Alfprotocol staking dApp for SPL tokens, marking a significant milestone for the Soldex team and the entire Soldex user base.
In this article, let’s dive deep into the Staking dApp to learn how users can start using and staking into the available staking pools.
After visiting https://staking.alfprotocol.com/, you will be prompted with the Staking dApp interface:
You will see available staking pools. In this example, you can see Soldex (SOLX) two staking pools with different staking periods and APRs.
How to start staking:
- In order to start staking into the pool, you will have to connect your Solana wallet. To do that, click the “Connect Wallet” button on the top right corner of the dApp.
- You will see the popup with all available and compatible Solana wallets. Choose the one you have, and connect it to the dApp by approving the connection.
- Next, you will have to click on the Stake button, and you will see the following interface (Please note, that if you don’t have any SOLX tokens in your wallet, you won’t see a Stake button!):
- You will have to enter the Stake amount and confirm the transaction by clicking the Stake button.
- After the successful transaction, you will now see the staked balance and pending rewards:
- Your pending rewards will be accumulated automatically. You will be able to claim your staked balance and all pending rewards at the end of the staking period by clicking the View button and Claim Rewards.
About Alf Protocol
Alf Protocol is a capital deployment protocol that enables liquidity provision and yield farming, with and without a margin of up to 200x. The protocol offers its own versions of an automated market maker protocol based on invariants for exchange operations and a money market for short-term loans.
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