How to guide
How to Bridge
Bridge your $KARRAT from ETH to STUDIO CHAIN
Go to Studiochain.io and click BRIDGE, this will take you to the Studio Chain Hub
Click “Connect Wallet’ and select the option that applied to you:
If using a hardware wallet, please use the Wallet Connect option and follow the steps to connect.
Once on the Studio Chain Hub, Click “Add to wallet” to import Studio Chian into your wallet
Use the Bridge available on the Studio Chain Hub. Bridging from ETH to Studio Chain you will need to have ETH for gas. Once bridged to Studio Chain, KARRAT will be used gas fees.
Bridging your KARRAT will take 10-15 minutes, once the bridging is fully complete you will see a checkmark verifying the completion of the bridge
Note: There is currently a known bug when using the 'Max' button on the Bridge widget. If finding an issue please manually enter the amount you wish to Bridge.
How to Stake to Resiliency Nodes
Stake your KARRAT to Resiliency Nodes
Go to Studiochain.io
Click ‘Connect Wallet and select the wallet type you are using
If using a hardware wallet, click ‘other options’ in the wallet connection widget and choose the wallet type that applies to you.
Click ‘Stake $KARRAT to Nodes”
You will see the following metrics: - Total $KARRAT Staked - Current APY% - Total Value Locked (TVL) - Your $KARRAT Staked - Your total $KARRAT
Enter the amount of bridged $KARRAT you want to stake & click ‘Stake’!
How To Claim APY Rewards
Once you stake, your APY rewards will begin to accumulate immediately! However, claiming APY rewards is locked for the first 30 days, meaning at 30 days after you have staked you will have 30 days worth of accumulated APY rewards. To Claim for APY Rewards:
Go to studiochain.io
Click “Connect Wallet”
After connecting your wallet, click ‘Claim Rewards’
Select the Node in which you would like to claim your rewards from. *NOTE* You can only claim from one node at a time.
Approve the claim you want to make
Important considerations:
Once staked, your principal staked amount of $KARRAT is locked for 6 months
Rewards accrue daily
The more $KARRAT staked across the system, the higher the overall APY
You can claim rewards anytime after the first 30 days
Your APY rate depends on when you claim, you lock in the displayed APY rate at the time you claim
eg. You have been accumulating tokens for 60 days and have not yet made any claims. On Day 1 the APY was 5%, on Day 30 APY was 10% and on Day 60 APY was 20%. If you claim the full amount on Day 60. You lock in the 20% rate.
Unlocking & Penalty Schedule
After 6 months, you can choose to unlock your staked $KARRAT
However, there are gradually decreasing penalties through the first 12 months:
Month
Penalty to Unlock Staked $KARRAT
1 - 6
LOCKED
7
12%
8
10%
9
8%
10
6%
11
4%
12
2%
After 12 months
No Penalty
How Penalties Apply
If you haven’t claimed rewards, the penalty applies to your reward balance.
If you already claimed rewards, the penalty will likely apply to your staked principal.
Eg. User locks up 100 $KARRAT and in month 7 is now sitting on a balance of 110 $KARRAT. The user decides to claim the rewards and unstake the principal. The user is now left with a total of 108.8 $KARRAT.
Or alternatively if the user locks up 100 $KARRAT and in month 7 is now sitting on a balance of 110 $KARRAT. One day the user decides to claim the rewards and claims 10 $KARRAT. The next day the user decides to unlock the 100 $KARRAT principal. The 1.2 $KARRAT token penalty will be taken from the principal. The user still is left with a total of 108.8 $KARRAT
Last updated