The STAKE token is now whitelisted on Bancor v2.1. This means participants can participate in single-sided staking to earn swap fees while staking with a single asset. Below, we show you how to stake with STAKE and receive protection against impermanent loss over time.
Search for STAKE.
Click Add Liquidity.
There are 2 options to add liquidity, Stake and Protect, or Dual Sided Liquidity. In this example we will retain 100% exposure to STAKE.
Select STAKE from the dropdown.
Enter amount to stake.
Click Stake and Protect.
The first will grant permissions to the Bancor contract to spend your STAKE, the second will process and pay for the transaction.
Your protected STAKE will now appear in the Protection screen,(refresh if needed) where you can manage your liquidity.
Compare Protected Value to Initial Stake to see accrued value in swap fees over time.