Anonymity Staking
Last updated
Last updated
Hinkal enables the staking of ETH into the Shielded Pool smart contract, receiving hETH in return. This LPT (Liquid Privacy Token) is a tokenized representation of the staked collateral and can be used across various DeFi applications.
Holders of hETH are automatically rewarded with yield (generated by transaction fees) and protocol incentives.
Staking
Connect your wallet and navigate to Anonymity Staking, by finding the tab on the left sidebar.
Input the amount of ETH you wish to stake.
Specify the receiving public wallet address - where you wish to receive hETH. It cannot be the same wallet address that stakes (for privacy purposes).
Press Stake.
Hinkal applies a lag period between staking and receiving hETH. This period is always less than 24 hours. In case you run into any issues with Anonymity Staking, please don't hesitate to contact our team on Discord or Telegram.
Staking
There is no waiting period to unstake your assets.
Navigate to the Unstake tab.
Enter the amount of hETH you wish to redeem.
Press Unstake.
The amount of ETH received per hETH redeemed will vary and will not be in 1:1 ratio. The value of hETH in ETH increases over time, as more yield is accrued.
