In our most recent update, we rolled out the UI additions for "Staking V2" which includes a staking delegate feature. Simply put, this allows one wallet to perform tasks for another. We've teamed up with Gelato, and because of this collaboration, if you're staking $KWENTA, you can automatically compound your staking rewards on Optimism. This is all thanks to the recently launched staking V2 contracts.
It's important to note that Gelato bots only help you compound your rewards. They don't have access to manage your entire staking account, so there's less risk, when delegating to a hot wallet.
These funds will be used to pay for transactions to claim for you; recommend $15-$25 worth of ETH as transactions on Optimism costs an average $0.25.
With a connected wallet, hit the settings wheel in the right corner
Find your Message Sender Address
Copy this address or leave the tab open to come back to at a later time
Head to the Kwenta staking dashboard, connect the wallet which is currently staking $KWENTA, and find the
Delegates can be removed via the revoke feature in the
Create a task on app.gelato.network
Enter the Kwenta
stakingRewardV2 contract address
compoundOnBehalf function from the dropdown of choices
Enter the address which has the staked $KWENTA
Note Gelato will prompt you to add your msg.sender address as an approved delegate if you haven’t already (we did)
Choose how to pay for the transaction (Gelato Balance)
Name the task & Create the task (execute the transaction)
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