Just like the period Renaissance is well-known for art and the nineties for pop culture, we are sure that the current period will come to be known for its massive technological innovations. Wilder World is a small part of such innovations in the cyberworld. This immersive 5D metaverse is a futuristic digital version of the World.
If you are new to it, and wondering how to stake Wilder World, this post is for you. In this post, you will find out all about Wilder World Metropolis, the global staking pool, and the industry staking pool. Along with this, the post also has all the steps you will need to know to stake successfully for the first time as well as unstaking.
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Read this to learn How to Invest in Wilder World
How to Stake Wilder World – Metropolis
Can you stake Wilder World WILD Token? If you are thinking of the same, you will be happy to know that the answer is yes. After all, the Wilder World Metropolis is here! This is a revolutionary staking system that the platform introduced lately. All thanks to this feature, all the profits generated by the project will be redistributed to the Wilder World Citizens.
If you are wondering how to become a citizen of Wilder World so that you can get the benefit of this profit-sharing, the $ WILD token is the solution. You need to own at least one of these native tokens of Wilder World. Once you have these, you can benefit from the primary sources that the platform uses to generate revenue for its citizens.
These are – Resources that include raw land and minerals, the game infrastructure like social networking, A.I. systems, DAO tooling, dynamic gameplay systems, etc., and the industry (gaming, travel, entertainment, fashion, automotive, real estate, and more). Further, when it comes to staking pools, the game has two types – global and Industry.
The Wilder World Global and Industry Staking Pools
Now, let us tell you about the global and Industry staking pools in the Wilder World. The former is meant to give the Wilders – citizens of the metaverse exposure to the profits of its complete economy. Out of all the profits, 50% of staking rewards are paid in the form of the native token of the world – $ WILD.
Also, these last for one year from when they are issued. The remaining 50% of staking rewards are not paid as $ WILD. Instead, they are held in the treasury after converting them to $ LOOT. Coming to the Industry staking pool, this one gives the Wilders exposure to the revenues of specific industries.
These industries are within the Wilder World only. A few examples of these include Wilder Wheels, Wilder Kicks, Wilder Guild, etc. In this pool, there is the involvement of staking NFTs. Doing so in the industry can help users gain various rewards.
A Step-By-Step Guide to Stake $ WILD
Are you wondering “how do you stake a Wilder World Token?” If yes, follow the steps given below. Below, we will discuss the Staking Portal at Wilder World, and the two pathways you can take within it. Have a look at them:
- Staking $ WILD for the first time
- Unstaking $ WILD
Before we move on to explain the steps for them, you must know a few things. It is possible to unstake your $WILD and LP tokens any time you want. That being said, you must know that any staking rewards you get are locked for 12 months. Also, whenever you claim these rewards, they are staked in the Wilder World WILD Staking Pool. It is done to generate compounded returns.
Steps for Staking Wilder World Token for The First Time
Here are all the steps you need to follow if you are staking a Wilder World token for the very first time:
Step 1: Visit the Wilder Staking Website
The first step you need to follow is to visit the Wilder Staking site staking.wilderworld.com. Make sure to beware of any fraudulent websites to keep away from phishing, and other such scams. It is a great idea to bookmark the site for future use.
Step 2: Connect Your Wallet
Once you visit the Wilder Staking site and are on the portal page, move on to the next step. In this, you need to connect your wallet to it. You can do this in two easy ways. One is to click on the “Connect” button. You can easily locate it at the top right of the portal page. Alternatively, you can go to the center of the staking portal, and find the “Connect Wallet” button to do the same.
Step 3: Go to the “Pools” Tab
After you successfully connect the wallet, you will locate two tabs on the top left of the portal: “Pools” and “My Deposits”. The former has all the available staking pools you can choose while the latter has all of the individual deposits. These deposits are tied to the address of the wallet you connected to earlier.
In addition to it, this tab also shows data like “Amount,” “Date Staked,” and “Unlock Date.” To stake wilder world tokens for the first time, you need to choose the “Pools” tab.
Step 4: Choose the Item You Wish to Stake
Once you click on the above tab, you have to move on to the next step. From this tab, choose the line item you wish to stake. To do so, press the “Stake” button. It is usually present on the far right of the screen.
Step 5: Choose the Amount You Want to Stake
Once you choose the line item and press the “Stake” button, you will see a popup. This is the information card that can help you define staking variables. When you see this, you need to enter the amount for staking. Once done, look for the “Stake x# WILD” button (present on the bottom of the information card), and click on it.
Step 6: Approve Pool Spending
After this, you need to approve a request for pool spending. You need to do this since this is your first time staking in the pool. So, as soon as you see “Approve Pool Spending,” press “Continue.” Doing so will successfully approve the request.
Step 7: Give Needed Permissions for the Staking Portal
Along with approving the “Approve Pool Spending” request as someone who is to stake $WILD for the first time, you also need to give another permission. The purpose of this permission is to let the Staking Portal have access to your $ WILD token. This step, however, will incur a one-time transaction fee. If you are okay with it, press “Confirm,” and you will approve the interaction.
Step 8: Approve Your Transaction
After all the permissions, you have to approve one more transaction to complete the $ WILD staking process. Once you do this, the portal can interact with the blockchain. For this approval, spot “Confirm” on the pop-up that will appear (bottom ride side of the pop-up). Again, this step will also charge you some gas fee. Make sure you know that.
Step 9: Go Back
After this, your transaction will be approved for staking. As a confirmation for it, there will be a pop-up on the screen that shows the confirmation banner. Once you see it, you have staked WILD successfully, and you can now go back to the main page to review the “Pools” and “My Deposits” tabs. For it, click on the “Back” option.
Step 10: Check The “My Deposits” Tab
Lastly, you can check the “My Deposits” tab. This will show you all the details like Your Total Stake, TVL, APR, and other pool information. With this, you will know that you have staked $WILD. Congratulations!
A thing you need to note here is that if you are carrying out LP staking, make sure to use the correct tokens that are in the LP token pool. If you fail to do so, you may lose the gas fee that you paid earlier.
Steps for Unstaking $ WILD
After all the steps you need to follow if you are staking a Wilder World token for the very first time, let us tell you how to unstake WILD. Here are all the steps related to it:
Step 1: Visit the Wilder Staking Website and Connect Your Wallet
Just like earlier, visit taking.wilderworld.com, open the staking portal and connect your wallet as you did earlier.
Step 2: Go to the “My Deposits” Tab
After this, instead of the “Pools” tab, go to the “My Deposits” tab.
Step 3: Choose the Pool You Want to Unstake
Then, find the line items that say “No Lock (Flexible).” These are available for unstaking. Choose the item you want to unstake. Then, on the popup, click on “Unstake Deposit” to unstake WILD.
Step 4: Enter the Amount Staked in the Deposit
After this, enter the amount you need to unstake and click on “Unstake x# WILD.”
Step 5: Confirm Unstake
Lastly, you need to click on the “Confirm Unstake” button. Do this by approving the transaction fee with your MetaMask wallet. Once done, you will see the confirmation banner, and you can go back to the main page of the portal.
So, this is how to stake Wilder World WILD Token for the first time, and unstake it. We hope this was useful!