This week we are celebrating the launch of Stride’s latest liquid staked token, stUMEE! Umee’s high staking APR of 17.5% makes it a great candidate for liquid staking. With stUMEE, no more forfeited staking rewards.
How to Liquid Stake UMEE
- Go to the Stride app → http://app.stride.zone/ and click the Connect Wallet button and then choose Keplr.
2. Click the token drop-down menu and change the token to UMEE.
3. Enter the desired amount and press the Liquid Stake button.
4. Select the Start Staking button and approve the transaction.
ALTERNATE METHOD:You can also do this by making a deposit of ATOM on Crescent. And exchange ATOM(ATOM only) for stUMEE directly in the app
How to Provide ATOM/stUMEE Liquidity on Crescent
Note: The following instructions will walk you through the steps if you have received stUMEE through the STRIDE app. If you choose to purchase stUMEE on Crescent for ATOM ☝️ go to step 4.
- Go to the Crescent app → https://app.crescent.network/portfolio and click Connect Wallet button, then choose Keplr.
2. Then you need to deposit Atom and stUmee on Crescent. Press the transfer button.
3. Select the desired token from the drop-down menu. Click on it. Enter the quantity and click on the deposit button. Confirm the transaction. Wait for tokens to arrive.
4. After depositing Atom and stUmee, go to the Earnings tab. Select Atom\stUmee pool.
Note: As this pool currently has no incentives, you need to switch this setting in the filter settings:
5. Press the arrow
6. Enter the correct amount of one of the assets. The app will automatically calculate the amount of the second asset in the pair. Tap deposit.
Note: Please note that you will need some CRE tokens to interact with the app for commission
7. On the same tab you can
- withdraw your liquidity
- use an LP-token for farming
- withdraw the LP-token from farming
- withdraw earned rewards
