Rewards: Joining Standard Rewards

This section explains how to stake bnTokens into standard rewards program. Note that if you followed the process in Deposit and Join, your tokens have already been staked in the rewards program.

Standard rewards program is an opt-in program where users can stake their bnTokens and receive rewards and bonuses (typically different token from the deposited one)

1. Identify if there is a program

This step explains how to identify if there is a standard rewards program for the bnTokens you hold in your wallet.

• Visit the StandardRewards contract on etherscan

• Execute the latestProgramId function (this is a Read function)

Input variable

Name	Type	Description
pool	address	The reserve token address (i.e. LINK, DAI, BNT etc)

Output response

Name	Type	Description
id	uint256	The unique ID for the latest created program for the indicated token

2. Identify if the program is active

This step explains how to identify if the latest standard rewards program ID (found in the previous step) is active.

• Visit StandardRewards contract on etherscan

• Execute the isProgramActive function (this is a Read function)

Input variable

Name	Type	Description
id	uint256	The unique standard rewards ID (found in the previous step)

Output response

Name	Type	Description
bool	boolean	True/False indication (True means the program is active)

3. Identify the poolToken address

This step explains how to find the bnToken address.

Option 1:

If you have bnTokens in your wallet, you can use etherscan to find them.

• Visit etherscan.io and search for your wallet address
• Type the bnToken name in the following format 'bn' and the token name (i.e. bnDAI, bnBNT, etc)

• Click on the bnToken in your wallet

• Find the Contract address

Option 2:

• Visit bancorNetworkInfo contrat on etherscan
• Execute the poolToken function (this is a Read function)

Input variable

Name	Type	Description
pool	address	Reserve token address (i.e. BNT, DAI, LINK, etc address)

Output response

Name	Type	Description
poolToken	address	The pool token address

• 4. Approve contract interaction

This section explains how to allow the contract to interact with your wallet (this is only an approval step).

• Visit the relevant bnToken contract (found in the previous step) on etherscan
• Connect your wallet as explained in "Using Etherscan"

• Execute the Approve function (this is a Write function)

_spender	The address of the standardRewards contract found here
_value	The bnToken amount you would like to stake

• Click Write to sign the Approve in your wallet

4. Stake bnTokens into standard rewards

This step explains how to complete the flow and stake your bnTokens into the standardRewards contract.

• Visit standardRewards contrat on etherscan
• Execute the join function (this is a Write function)

Input variable

Name	Type	Description
id	uint256	Unique standard rewards program ID
poolTokenAmount	uint256	The amount of bnTokens you would like to stake

Congrats! Your bnTokens are now staked into the standardRewards program