How to Purchase SuperBid then Stake them using MetaMask wallet for 40% APY

When Staking Starts

The SuperBid team announced last April 1st their staking program where you can earn 200% APY just by holding the tokens on your wallet, and another 200% bonus by providing liquidity to the Uniswap SuperBid/ETH pool. You can read more about that here.

Note: As APY changes monthly, the effective APY starting June 12th is now 40%/80% (for liquidity providers)

This guide will focus on the 40% APY staking by simply keeping the SuperBid tokens on your wallet.

Read more on the steps listed below:

First step: Purchase SuperBid tokens 💱

If you don’t have SuperBid tokens yet, you can purchase them through the following:

  1. Uniswap

Link: https://app.uniswap.org/#/swap?outputCurrency=0x0563dce613d559a47877ffd1593549fb9d3510d6

When you click on the link above, you may be greeted with a warning as shown below:

Uniswap Import Token Warning

Do not worry! This is normal and applies to all tokens. In order to confirm that you are purchasing the correct token, always check the contract on CoinGecko.

Tick the box that says “I understand” then hit the “Import” button.

As you can see, the official contract address of SuperBid token is 0x0563dce613d559a47877ffd1593549fb9d3510d6.

SuperBid token on CoinGecko as of 04/16/2021

Note: My wallet has a history of spending Ethereum. For fresh wallets, you will be asked to Approve the spending of your Ethereum first. Simply click on “Approve ETH” then Confirm the prompt on the MetaMask pop-up.

Next, you can now swap your Ethereum to SuperBid tokens. Click “Swap”.

Swap interface on Uniswap

You will then be asked to confirm. If you’re satisfied with the estimated output, click “Confirm Swap”.

Confirm Swap interface on Uniswap

Next, your MetaMask browser extension will trigger a pop-up window to confirm your purchase. You can click EDIT to specify the speed of your transaction (I personally recommend selecting FAST). Then click “Confirm”.

That’s it! Wait for the transaction to complete and you’ll have SuperBid tokens on your MetaMask wallet. After submitting your transaction on Uniswap, there will be a button that says “Add SUPERBID to Metamask” as shown below:

If you’ve accidentally closed it, simply go to CoinGecko then click the MetaMask icon shown below. A MetaMask pop-up will appear then click Confirm. It should appear on your MetaMask wallet afterwards.

SuperBid token on CoinGecko as of 04/16/2021

2. WhiteBIT

Unlike Uniswap, which is a Decentralized Exchange (DEX), WhiteBIT is a Centralized Exchange (CEX) which is not trustless, but has its advantage of low fees when trading. It’s not as complex as using Uniswap, so I won’t go into details on how to use it. It’s important to note though that staking on an exchange is not possible, so you need to withdraw your SuperBid from WhiteBIT to be sent to your MetaMask wallet.

Second Step: Stake 🥩

  1. Go to panel.superbid.io.
  2. Click “Connect Wallet” at the top right
Connect Wallet

3. Choose a wallet from the options presented (I’ll use MetaMask)

Supported wallets for now

4. Click “Activate Staking”

Activate Staking

5. A signature request prompt will appear. Click “Sign”

MetaMask pop-up for Enabling Staking

That’s it! You’re now staking your SuperBid tokens. It’s gas-less, risk-free, and compounds your rewards with your staked tokens automatically!

To confirm it’s enabled, it will say “Staking enabled” below:

Staking Enabled Indicator

Depending on the amount of tokens you staked, it could take a few minutes, or a couple of hours for the staking rewards to reflect on your dashboard. Here’s how it would look:

Staking Rewards Section for 200%

If you have any more question, join us on Telegram at https://t.me/superbid_chat and our community members will be more than happy to welcome you! You might even be greeted by a 🥔

~ 0xPotato

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