SHM Staking on Sikka.fun: Stake, Claim, and Use Rewards

Sikka.fun is introducing SHM staking, making it easier for users to participate in Shardeum’s network while staying active on Sikka.fun. Users can stake SHM directly in the app, support network security and decentralization, receive protocol-based staking rewards, and use claimed rewards across Sikka.fun activities.

The current estimated APY is approximately 37%. Staking rewards are distributed daily and may vary based on network conditions and protocol parameters.

Sikka Staking Flow

The basic flow in the Sikka Stake & Earn program is simple:

✅ Stake SHM → Earn Daily Rewards → Claim Rewards → Trade Your Favorite Memecoins

In other words, users can:

1. Stake SHM directly through the Sikka.fun app
2. Receive protocol-based staking rewards distributed daily
3. Track staked SHM and accumulated rewards
4. Claim rewards into their Sikka.fun SHM balance
5. Use claimed rewards to trade community coins and memecoins
6. Use claimed rewards for Sikka.fun campaigns and activities
7. Keep a small SHM balance available for gas fees and app actions

Need SHM to get started? You can obtain SHM through supported exchanges

How Rewards Work

For instance, if a user stakes 1,000,000 SHM at the current estimated APY of 37%,

• Annual Staking Rewards = ~37,000 SHM
• Average Daily Staking Rewards = ~1014 SHM

What You Can Do With Claimed Rewards

Once staking rewards are claimed, they are added to your Sikka.fun SHM balance. You can then use them across the app, including:

1. Trading community coins and memecoins
2. Supporting coins you like
3. Participating in Sikka.fun contests and campaigns
4. Paying gas fees for app actions
5. Creating or trading coins when you choose

This gives users another way to stay active on Sikka.fun. Rather than relying solely on their available SHM balance, users can claim protocol-based rewards and choose how to use them across the app.

Why Stake Through Sikka.fun?

SHM staking on Sikka.fun is designed to bring staking and everyday app activity together.

Instead of managing staking separately, users can stake SHM, track rewards, claim them into their Sikka.fun balance, and use them across the app – from trading community coins to participating in campaigns – all from a single mobile experience.

Of course, users who want a validator-level staking experience can use Shardeum’s official staking dashboard by connecting their EVM wallet.

Guide: Stake, Unstake, and Claim Rewards on Sikka.fun

1. Open the Sikka.fun Android app and tap Portfolio at the bottom of the screen. In the following screen, go to the staking section from your portfolio – Earn Staking Rewards, and tap on Start Staking button

2. Enter the amount of SHM you want to stake. In this example, we’ll stake 20,000 SHM and tap Continue. (Tip: Keep a buffer of around 2500 SHM in your wallet to cover gas fees for staking, unstaking, claiming rewards, and other on-chain actions.)

After tapping Continue, you’ll see a confirmation pop-up. Review the estimated annual rewards and network fee, then tap Confirm & Sign to approve your staking transaction.

3. Once staking is complete, you’ll see a “Staked Successfully” confirmation. Your SHM is now earning protocol-based staking rewards.

You can now proceed and tap View Dashboard to return to the staking section in your portfolio. From there, you can track your staked SHM, monitor accumulated rewards, and manage your staking activity at any time.

4. Next, tap Manage to claim staking rewards, add more SHM to your stake, or to unstake your SHM.

Staking rewards are distributed daily and accumulate over time.

Users can claim accumulated rewards into their Sikka.fun SHM balance. Once claimed, rewards can be used across Sikka.fun activities.

You will also find two more buttons below ‘Claim Rewards’ button. You can tap Stake More to increase the amount of SHM earning the staking rewards or Unstake to begin the unstaking process, as needed.

Note: Unstaking has a 21-day unbonding period. During this time, your SHM remains locked and does not receive rewards. Once the period ends, the unstaked SHM is credited back to your Sikka.fun account. Please plan unstaking based on when you may need access to your SHM.

Important Points to Remember

• Validator selection is currently managed in-app to simplify staking for Sikka.fun users. Users who want a validator-level staking experience can use Shardeum’s official staking dashboard by connecting their EVM wallet.
• Staking rewards are protocol-based and may vary.
• Estimated rewards are calculated using the current APY and may change over time.
• Actual daily and annual rewards may be higher or lower than estimates shown.
• Staking rewards are not guaranteed.
• Rewards may depend on network conditions and protocol parameters.
• If you want to increase your staked SHM, you will need to stake additional SHM manually. Claimed rewards do not automatically increase your staked amount.
• For any queries, you can join the Sikka channel on Telegram – https://t.me/Sikka_discussion

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