Borrowing stake from the Fluid Tokens Boosted Staking pools is straightforward. This tutorial will take you through the steps to borrow stake from the Fluid Tokens Boosted Staking platform.
Contents
How to Borrow Stake Delegation from Boosted Stake
Follow these steps to borrow stake from the Fluid Tokens easily Boosted Staking platform.
Total Time: 10 minutes
Connect Your Wallet
Click “Connect” in the top right corner of the website.
Navigate to Boosted Stake
Navigate from the top menu to the Boost Stake area of the website.
Choose “Borrow Stake”
Click on the “Borrow Stake” button to start the borrowing process.
Enter the amount to borrow
In the input field, type the amount of ADA delegation you wish to borrow. In this case, the minimum was 10,000 ADA.
Choose the number of Epochs
Choose the time you wish to borrow by choosing the amount of Epochs you wish. An epoch in Cardano is 5 days. 5 epochs is roughly one month.
Confirm the details of Borrowing from Boosted Staking
Check the transaction
The platform will write the transaction and request for you to sign it. Confirm that the details are correct with the correct Fees.
Sign and confirm the transaction when you’re happy.
Success!
You have successfully borrowed ADA from the Boosted Staking platform on Fluid Tokens.
Managing Your Borrowed ADA Delegation
Now that you have borrowed stake from the platform, you can manage and monitor your positions via the profile dashboard.
Navigate to your profile on the Fluid Tokens platform and click on “Boosted Stake”, choose “Borrowed Stake”.
Here, you can see your current positions and how much more time you are borrowing the stake.
You don’t need to apply any more actions, such as paying back, as you are not taking possession of the ADA, and you have already paid the service fee for borrowing the stake.
Related Topics on Fluid Tokens
See our Nami Wallet tutorial and other Fluid Tokens resources if you have not set up a wallet for Cardano yet.
