๐ฅ๏ธLara App walkthrough
How to use Lara Protocol
Last updated
How to use Lara Protocol
Last updated
When you open the Lara App, you can click on any of the connect buttons to connect your wallet(Metamask as an example)
Once connected, you should see your wallet address like this:
When you open the app, you should see this central card with a single main call to action: STAKE.
All you need to do is complete the amount input with the number of TARA tokens you want to stake, and then click the stake button:
This should trigger a transaction and stake your tokens
The minium amount to stake is 1000 $TARA
If you want to take our your $TARA tokens from Lara Protocol, you need to proceed to the Withdrawals page and create an undelegation request.
Undelegation requests are subject to the same undelegation period as direct staking, but they perceive no commission.
The action is the same as on staking, you just need to specify the amount staked and you must have more $stTARA than the specified amount, but the prerequisites are a bit more complex.
When you request a withdrawal, your equivalent amount of $stTARA
is burnt instantly, therefore you need to approve the Lara Protocol contract to burn those on your behalf. This triggers an additional approval request in your wallet.
Once this is done, our stack will show, after a minute or so, your pending request:
The green section shows the amount of withdrawal requests that are claimable
The yellow one shows the amount of withdrawal requests that are not claimable yet. For those, you need to wait for the chain's unlock period.
On the Withdrawals page, you can move to the Claims tab via clicking the "Claim" toggle
This will open the list of claims you have and you'll see a "Claim All" button that can be used to claim all ready ones instantly, in one click.
Once this is done, the UI will update and you will be able to see if there are other outstanding requests or not:
Happy staking! ๐