Staking
Overview
Staking is the act of committing crypto assets to a third party or pool usually in expectation of a reward.
KAP has a staking portal that is found at kap.gg/staking.
In captain & company, stakers may stake eth or usdb alone or provide kap/weth or kap/blast liquidity in exchange for nuggies. Eth and USDB stakers will forfeit their native Blast yield in exchange for nuggies.
To provide liquidity, a staker must acquire $kap and either eth or blast in equal value. To buy kap, see $KAP.
There are multiple ways to provide liquidity:
Click the link and change the drop-down in the top right from V3 to V2, then select kap and one of either eth or blast to stake as a pair. It will look something like the below-right if done correctly:
After staking on thruster, go to Hyperlock to stake the liquidity pool tokens. The kap.gg/staking portal will recognize the liquidity and reward the wallet appropriately.
Kap/weth and kap/blast liquidity positions on Thruster will accrue fees, Hyperlock Points, Thruster Points, and any Blast Points or Blast Gold assigned by Hyperlock or Thruster, in addition to yielding nuggies.
Click add liquidity at the top right and select V2. There is no second step after providing the liquidity with BlasterSwap - the kap.gg/staking portal will recognize the liquidity and reward the wallet appropriately.
NOT RECOMMENDED
You may go to kap.gg/staking and zap eth or blast into the liquidity pool. This automatically sells eth or blast at the correct amount to provide the maximum kap/eth or kap/blast liquidity for the given deposit. This is not recommended because, especially for larger amounts, the staker will not get the maximum amount of kap given that there are multiple pools. It is better to buy kap from both pools in chunks to prevent automated arbitrage bots from profiting off your purchase.
A staker may also buy kap from Uniswap, stake on Uniswap, and stake the liquidity tokens on staking.kap.gg. This method will earn kap directly at a lower rate and not nuggies. Alternatively, a staker may buy $kap on uniswap and bridge the $kap to blast on kap.gg/staking.
Details
The rates for each will be pegged to the floating native yield on USDB and WETH, with large bonuses for KAP-WETH and KAP-BLAST LPs. As of launch, ETH currently yields 4.75% and USDB currently yields 11.43% on Blast. Thus, the rates as of launch were:
$1 ETH = 1.43 nuggies/day
$1 USDB = 3.44 nuggies/day (+140% bonus)
$1 KAP-WETH = 15.73 nuggies/day (+1,000% bonus)
$1 KAP-BLAST = 15.73 nuggies/day (+1,000% bonus)
Note that as these native yield rates fluctuate over time, they will be adjusted commensurately. After the release of [REDACTED], certain bonuses may be reintroduced, changed, or otherwise swapped.
