Stake Your PID

Staking allows you to earn PID passively via auto-compounding. By staking your PID with PIDAO, you receive sPID (staked PID) in return at a 1:1 ratio. After that, your sPID balance will increase automatically on every epoch based on the current APY.

How to Buy PID？

There are several venues to purchase PID: PancakeSwap or DEX aggregators. Make sure to check the slippage first before buying PID, as some venue offers worse rate than the others due to low liquidity.

1. Go to this PancakeSwap page. We use PancakeSwap as an example here. It is recommended to compare the exchange rate across different DEXes to ensure you are getting the best price.

2. Make sure the output currency is PID. You can also copy and paste the PID contract address into the output currency field to ensure you are swapping for the right token.

Paste PID contract address

3. You can select any input currency based on your available wallet balance. It is recommended to use DAI as the input currency to minimize the slippage.

Make sure the output currency is PID

4. Select the amount of PID you want to swap for. Then click "Approve" and sign the transaction.

5. After the "Approve" transaction has been processed successfully, click "Swap" and sign the transaction.

6. You should see PID in your wallet balance now after the swap transaction is successful. If you cannot find it in your wallet, add PID contract address to your wallet.

The "Approve" transaction is only needed when you swap PID for the first time; subsequent swapping only requires you to perform the "Swap" transaction.

How to Stake?

1.Go to the Stake page of the PIDAO website. Select the "Stake" tab.2.Enter the amount of PID that you would like to stake in the input field. If you would like to stake all your PID, press the "Max" button and the input field will be populated with all your available PID balance.3.Click "Approve" and sign the transaction.4.After the "Approve" transaction has been processed successfully, click "Stake" and sign the transaction. Voila, you have staked your PID!

How to Unstake?

1.Go to the Stake page of the PIDAO website. Select the "Unstake" tab.2.Enter the amount of sPID that you would like to unstake in the input field. If you would like to unstake all your sPID, press the "Max" button and the input field will be populated with all your available sPID balance.3.Click "Approve" and sign the transaction.4.After the "Approve" transaction has been processed successfully, click "Unstake" and sign the transaction.Note: The "Approve" transaction is only needed when staking/unstaking for the first time; subsequent staking/unstaking only requires you to perform the "Stake" or "Unstake" transaction.

Reading the Info

APY tells you the annualized rate of return based on the reward yield. It takes into account the effect of compounding since sPID rebases exponentially.

TVL measures the dollar amount of all the staked PID in PIDAO.

Current Index allows you to track your gain from staking. The index started from 1 at epoch 0, and increases every epoch. If you staked at genesis (epoch 0) and never unstaked any PID, your balance today would be X times greater, where X is the current index. You can use the index to track your position by marking down the index number when you stake and unstake. You divide the index number when you unstake by the index number when you stake to get the ratio by which your sPID balance has increased.

Your Balance tells you how many unstaked PID are in your wallet. This is the maximum amount that you can stake.

Your Staked Balance tells you how many staked PID are in your wallet. This is the maximum amount that you can unstake.

Next Rebase tells you the remaining time until the next rebase.

Reward Yield tells you how much your sPID balance will increase when the next epoch begins. For example, if you stake 100 PID and the upcoming rebase is 0.5427%, your sPID balance would increase from 100 to 100.5427.

ROI (5-Day Rate) estimates how much your sPID balance will increase after 5 days, if the reward yield stays the same during this period. For example, if you stake 100 PID and the rate is 8.4577%, your sPID balance would increase from 100 to 108.4577 after 5 days.