Staking Overview
In Katana, you can stake your LP tokens to earn RON. Please see below for detailed steps.
How to get liquidity pool tokens
1. Go to katana.roninchain.com/#/pool.
2. Connect your Ronin wallet.
3. You will need to agree to the Terms of Service.
4. You need to select a liquidity pool. The four pool options are: AXS/ETH, SLP/ETH, ETH/USDC, and RON/WETH. Let's use AXS/WETH in this guide.
Select both AXS and WETH then input the amount you want to add to the liquidity pool. The amount of token is always proportional to their current price.
In this example, if we add 25 AXS, 0.3857 WETH will be paired at the price of 1 WETH = 64.7885 AXS.
If it is the first time you are going to stake a certain token, you will be prompted to authorize the use of the tokens in your wallet you intend to stake. This means the stake wont be executed, you just authorized Katana to use the tokens you want to stake.
This process is often confused with the stake itself. In order to check, we recommend you check your wallet in the Block Explorer. You should see a transaction like this.
5. Click "Confirm Supply".
6. You will be asked to confirm the transaction in your Ronin wallet. The transaction will then be submitted and could take time to process.
7. You will now see your liquidity listed. In this case, we have 3.105 AXS/WETH liquidity pool tokens.
Staking liquidity pool tokens to get RON rewards
1. For us to farm RON, we need to stake our liquidity tokens. Click "Farm" at the top of the page.
2. Allow Katana to use your liquidity tokens. You need to confirm this in your Ronin wallet.
The paired token itself is a new one, completely independent of its constituent, so you will be prompted to authorize the use of the tokens in your wallet again. This means the farm operation wont be executed, you just authorized Katana to use the tokens you want to farm.
3. Click "Stake".
4. Input how much LP tokens you want to stake. In this guide, I want to stake all of my AXS/WETH LP tokens - I clicked "Max". Finally, click "Stake" then confirm the transaction in your Ronin wallet.
5. Your liquidity tokens are now staked and earning RON rewards.
