In this blog, we will dive into the details of how OPUL Staking Pool v3 works and how it can benefit you as an OPUL holder. Whether you’re new to staking or a seasoned pro, OPUL Staking Pool v3 has upped the levels for user experience and will enable you to keep earning APY and accumulating tickets for Raffles!
It’s time to get ready as we drive into Phase 3 of our full ecosystem launch. Along the way, we will be announcing new artists each week, and the only way to get your hands on early access for upcoming MFT drops will be via the OPUL Staking Pool!
Ready to begin? Let’s go!
What’s the latest?
Introducing a new and improved staking pool that is faster, more efficient, and easier to use than ever before. With this pool, staking and un-staking is a breeze and there is no need to worry about an ending period as it will be open for the foreseeable future.
Ready to join?
Before you begin staking, it’s important to note that you’ll need to use either a Pera Wallet. This is because our Opulous dashboard infrastructure and OPUL token are built on the Algorand Blockchain. If you don’t have a wallet, download and set one up before proceeding with the staking process.
How to unstake from OPUL Staking Pool v1 & v2
STEP 1: Connect to the Opulous Dashboard
Connect to the Opulous Dashboard using Pera Wallet.
STEP 2: Select OPUL Staking Pool to withdraw from
Select which pool to remove your stakes from; remember that both v1 and v2 have ceased distributing rewards.
STEP 3: Select ‘Your Stakes’
Now that you’re in the pool, select “Your Stakes” to view your current stakes.
STEP 4: Select the stake to ‘Withdraw’
Next, you will need to select “Withdraw” to begin unstaking your OPUL.
STEP 5: Select ‘Confirm Withdraw’
STEP 6: Complete opt-ins via your wallet
Next, you will need to complete the opt-ins and confirm everything in your wallet.
STEP 7: Unstaking Complete!
Congratulations, now you will have un-staked your tokens.
STEP 8: View your un-staked tokens
You can select “Your Stakes” and see which contracts have ended and when. Next, it is time to join OPUL Staking Pool v3 to continue earning APY and tickets for Raffles.
How to join OPUL Staking Pool v3
STEP 1: Connect to the Opulous Dashboard
STEP 2: Select OPUL Staking Pool V3
Next, click ‘Pools’.
As you can see, we have now added labels to show each version of our OPUL Staking Pools. Neither v1 nor v2 is providing APY or Raffle Tickets anymore, so make sure you do not use them. It is time to select and jump into our new OPUL Staking Pool v3.
STEP 3: Select the amount of OPUL
The more OPUL you stake, the more tickets you can accumulate. You can press ‘Max’ to stake all of your OPUL. Remember, it’s one raffle ticket for every 10 OPUL staked!
STEP 4: Select Stake Period
You can press “Max” to stake for the longest duration (60 days). The longer you stake, the higher APY you will receive.
STEP 5: Select ‘Stake’
After pressing “Stake,” you will be asked to opt-in. Please check your wallet and complete the prompts given by Opulous.
STEP 6: Select ‘Confirm’
Ensure that you are happy with the stake and duration amounts, click the tick box to agree to the terms and conditions and then press “Confirm”.
STEP 7: Review ‘Your Stakes’
Press “Your Stakes” to see that your OPUL has been successfully staked and your projected stake amount with your APY. You can complete up to a total of 10 stakes per wallet address; this is a current limitation from Algorand that we’re pushing to have increased.
There you have it; you have now joined the OPUL Staking Pool V3!
New Raffles are incoming!
On January 5th, 2023, we unveiled our latest rewards, such as OPUL Airdrops and our brand new Winter Swag Pack with unique Opulous merchandise. Additionally, more rewards are in store, including exciting merchandise from two of our main partners in the Algorand ecosystem.
The excitement doesn’t end there! As previously announced, starting February 2023, we will reveal new artists for upcoming MFT drops. As usual, we’re giving OPULFAM first dibs on our upcoming drops; the only way to get early access is by joining the OPUL Staking Pool and participating in raffles!
The stage is set for our most monumental year yet!
We’ve been working hard behind the scenes to bring you our most innovative and exciting products. Our teams have been pushing the boundaries of what’s possible, and we can’t wait for you to see what we have in store.
We’re not just talking about small improvements, but significant breakthroughs that will change the game. We’re introducing new technologies, expanding into new markets, and exploring untapped opportunities. We’re taking big steps to remain ahead of the curve and ensure our goals are accomplished.
With phase three of our full ecosystem launch right around the corner, this will be a year to remember, and we’re honored to have you by our side. So, buckle up and hold on tight because it’s going to be an epic journey!
Have more tech launches been ticked off? Absolutely. This is only the beginning! We have more exciting things for our incredible community in the coming weeks, so stay tuned!
We’d appreciate it if you could leave us a clap or two right here on Medium and tag us on Twitter that you enjoyed our update. Join the Opulous community by following us on all platforms so you don’t miss a thing (TIP: activate notifications for anything posted by Opulous).