Staking tutorial
Last updated
Last updated
Staking involves 3 steps:
Go to the TANGO/wstETH pool on Balancer and provide liquidity, with either one or both tokens.
You’ll receive a receipt token called 20wstETH-80TANGO, that we decided to call CBPT (Contango Balancer Pool Token) for simplicity.
Go on Contango and stake your CBPT for the duration you like.
Depending on the amount and duration, you’ll get credited an amount of veCBPT. This is credited on the UI, not in your wallet. You can add to your existing share by staking more CBPT via the ticket on the right and, for the time being, it will have the same duration as your first stake.
You can also extend your lock duration by using the “Extend” option.
Protocol fees will be claimable weekly according to the share of veCBPT, through a basket of blue-chip currencies (e.g. ETH, WBTC, USDC).
