Stake your SNAKE (🐍, 🐍)
Staking allows you to earn SNAKE passively via auto-compounding. By staking your SNAKE with Uroboros Finance, you receive sSNAKE (staked SNAKE) in return at a 1:1 ratio. After that, your sSNAKE balance will increase automatically on every epoch (8 hours) based on the current APY.
The sSNAKE address on BSC is 0x.
How to Buy SNAKE
Go to Pancakeswap swap page.
Make sure the output currency is SNAKE. You can also copy and paste SNAKE contract address in the output currency field to ensure you are swapping the right token. The SNAKE token address on BSC is 0x
You can select any input currency based on your available wallet balance. We reccomend BSC-SNAKE pair for the deepest liquidity!
Select the amount of SNAKE you want to swap for. Then click "Approve" and sign the transaction.
After the "Approve" transaction has been processed successfully, click "Swap" and sign the transaction.
You should see SNAKE in your wallet balance now after the swap transaction is successful. If you cannot find it in your wallet, add SNAKE contract address to your wallet.
Note: The "Approve" transaction is only needed when you swap SNAKE for the first time; subsequent swapping only requires you to perform the "Swap" transactio
How to Stake
Go to the Stake page of the Uroboros Finance website. Select the "Stake" tab.
Enter the amount of SNAKE that you would like to stake in the input field. If you would like to stake all your SNAKE, press the "Max" button and the input field will be populated with all your available SNAKE balance.
Click "Approve" and sign the transaction.
After the "Approve" transaction has been processed successfully, click "Stake" and sign the transaction. Voila, you have staked your SNAKE.
How to Unstake
Go to the Stake page of the Wonderland website. Select the "Unstake" tab.
Enter the amount of sSNAKE that you would like to unstake in the input field. If you would like to unstake all your sSNAKE, press the "Max" button and the input field will be populated with all your available sSNAKE balance.
Click "Approve" and sign the transaction.
After the "Approve" transaction has been processed successfully, click "Unstake" and sign the transaction.
Note: The "Approve" transaction is only needed when staking/unstaking for the first time; subsequent staking/unstaking only requires you to perform the "Stake" or "Unstake" transaction.
Reading the Info
APY tells you the annualized rate of return based on the reward yield. It takes into account the effect of compounding since sSNAKE rebases exponentially.
TVL measures the dollar amount of all the staked SNAKE in Uroboros Finance.
Current Index allows you to track your gain from staking. The index started from 1 at epoch 0, and increases every epoch. If you staked at genesis (epoch 0) and never unstaked any SNAKE, your balance today would be X times greater, where X is the current index. You can use the index to track your position by marking down the index number when you stake and unstake. You divide the index number when you unstake by the index number when you stake to get the ratio by which your sSNAKE balance has increased.
Your Balance tells you how many unstaked SNAKE are in your wallet. This is the maximum amount that you can stake.
Your Staked Balance tells you how many staked SNAKE are in your wallet. This is the maximum amount that you can unstake.
Next Reward Amount tells you how much sSNAKE you are getting next rebase,
Next Reward Yield tells you how much your sSNAKE balance will increase when the next epoch begins. For example, if you stake 100 SNAKE and the upcoming rebase is 0.5427%, your sSNAKE balance would increase from 100 to 100.5427.
ROI (5-Day Rate) estimates how much your sSNAKE balance will increase after 5 days, if the reward yield stays the same during this period. For example, if you stake 100 SNAKE and the rate is 8.4577%, your sSNAKE balance would increase from 100 to 108.4577 after 5 days.
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