Staking
The Platform allows users to join Pools where they can stake $WSBT on a variety of tokens and play against each other trying to predict which cryptocurrencies will perform best over the course of the Pool. Currently, the platform supports staking on 14 different coins, and each Pool lasts 24h, with its lifespan divided into:
- The staking period, as reflected by the timer on the left side of the Dashboard, during which users can make predictions and stake
- After the staking period ends, the Pool enters a lockup period, where no further staking is allowed. The Pool ends once the timer on the right side of the Dashboard runs out
To make a prediction, select a coin you believe will see the biggest increase in value from its current price (price at the time of staking) once the Pool ends.
While deciding which of the assets to stake on, players might want to consider not only the trend in the price, but also the current price itself.
If this is our first time interacting with the staking on the platform, the app will ask for a username at this point - this is a registration step, essentially linking the user’s wallet address with their profile on the Platform, and as such it requires a confirmation inside Metamask. The username picked will be used on leaderboards and rankings inside the app moving on. Enter one and click “Save”.
Use the slider and decide how much you want to stake on your forecast, or use the “Max” option to stake all of the approved amount.
Confirm the transaction in your Metamask. Congratulations. You have made your very first prediction! You can check all the current baskets you are participating in on the Current Pool page.
If the user wants to stake on another coin they believe will perform well, they simply need to repeat the staking process.