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The discussion focused on the complexities of staking Aave tokens, emphasizing the need for ETH to facilitate transactions and the potential issues with depositing Aave into a wallet prior to staking. Key insights were provided by UndeadBeat and Homergocrazy, offering valuable guidance for newcomers to the Aave platform.
The discussion primarily revolved around the process of staking Aave tokens, initiated by Homergocrazy who was experiencing difficulties in staking their Aave tokens despite having them in their wallet1. UndeadBeat, having recently navigated the same process, provided a detailed explanation. They clarified that not only Aave tokens but also some ETH is required to facilitate the movement of tokens. They recommended connecting the Coinbase wallet (not the exchange) to aave.com, specifically suggesting the use of V2 due to its recentness. They further elaborated that two transactions are necessary: one to establish the staking wallet and another to transfer the funds, both necessitating ETH. Upon completion of these steps, the staked amount and earnings can be viewed on the Stake page2.
Homergocrazy, reflecting on their experience, hypothesized that the issue might have stemmed from depositing Aave into their wallet prior to staking, rather than staking directly from the Coinbase Wallet. They expressed their intention to rearrange some funds and test this theory3.
In conclusion, the discussion highlighted the importance of understanding the technicalities of staking Aave tokens, including the need for ETH to facilitate transactions and the potential issues that can arise from the order of operations. The insights provided by UndeadBeat and the experiences shared by Homergocrazy serve as valuable guidance for newcomers to the Aave platform.
Posted 3 years ago
Last reply 3 years ago
Summary updated 2 months ago
Last updated 04/12 15:05