Staking your BSL tokens allows you to earn rewards from the BankSocial DAO. Here’s how to stake and unstake easily using the BankSocial App.
How to Stake BSL
Log in to the BankSocial App.
Navigate to the Earn section.
Select BSL Staking.
Choose how much of your BSL balance you want to stake – you can stake your full balance or just a portion.
Confirm the staking process.
Note: Once staked, your BSL tokens are converted into sBSL tokens, which means you cannot send or sell your staked tokens until you unstake.
How to Unstake BSL
Go back to the BSL Staking section in the app.
Select Unstake.
Confirm the transaction.
Tip: Make sure you have HBAR in your account to cover network fees for both staking and unstaking transactions.