Staking (on Beefy)
Last updated
Last updated
Similar to Convex, Hinkal allows users to run yield farming strategies discreetly on Beefy. Hinkal uses relayers for all Stake transactions.
First, select the vault you want to stake your assets at. Let's take aTriCrypto3 Vault on Polygon as an example.
You have access to all the information about the Vault (TVL, APY, etc).
Deposit
First, just like in Convex you deposit the desired amount of LP tokens in the vault.
Withdraw
At any time, you can withdraw your LP Tokens.
Costs Breakdown
For each transaction on Convex, you get a preview of the costs involved to compensate the Relayer.
Hinkal uses gas stations to accurately predict the gas needed before the transaction is submitted. Press 'ESTIMATE' to get an accurate estimate of the gas costs at the exact point in time.
Last is the Hinkal commission, currently set to 3bps, making Hinkal the lowest-cost zk solution enabling discreet transactions in the market.
For a detailed overview of how Hinkal Staking work, head over to Staking & Yield Farming/Trading. For a detailed overview of Hinkal's fee structure, check out Costs Breakdown.