Starbank Finance is filled with different pools that you can invest in and get a return. But what if you’re not really sure where to start? Well, that is what we are going to cover today! This will be a step-by-step article on how to deposit tokens into a pool using the Starbank Finance website.
Step 1. Connect your wallet to the Starbank Finance website. Make sure that you are connected to the real website, it is possible there are scam websites.
Step 2. Make sure that you are on the Astar Network in whichever wallet you chose to connect. If you are not, you will see this. Click “Switch Network” and follow the instructions to switch to the correct network.
Step 3. Go to the “Pools” tab.
Step 4. This is where it is up to each investor to make a decision. What pool do you want to invest in? For the sake of simplicity, we are going to be putting our money into USDT/USDC/DAI under “Incentivized Pools”. But ultimately, this is up to you!
Step 5. Once you have chosen a pool, click “Invest” button.
Step 6. Input the amount you want to invest for each token then click “Preview”. After that, you will be able to confirm the transaction and you are done!
You will receive SPT (Starbank Pool Token) which represent your share of the liquidity pool. Incentivized pools can get more rewards by depositing(staking) your SPT to a farm.
Step 7. Stake the SPT you received from Step 6 by clicking “Deposit SPT”. You will get more rewards by staking your SPT in the farm.