Guide on How to Stake xKZEN on the Solana Blockchain

5 min readNov 24, 2021

Hello, Kaizen Community!

We’re proud to be the first project launched on Solstarter, the premiere IDO platform for Solana.

For you to participate in the Kaizen’s IDO on Solstarter, we started the whitelist procedure. The registration was opened up on November 20th and closed on November 24th. To check if you’re a whitelist winner, please go to https://kaizen.finance/ido/kaizen-solstarter , connect your Solana wallet, and review the lottery results.

If your wallet address is among the lucky ones eligible to take part in the IDO, read on! If it is not, don’t get upset — more launches are coming, and you will always have a chance to participate in any of them.

xKZEN Staking Benefits

The xKZEN staking allows you to earn rewards and generate extra income from your stake assets during a specific period.

Note. To learn more about xKZEN, please read the What Are xKZEN Tokens And What Can You Do With Them blog-post.

Holders of xKZEN tokens have opportunities that will make even such a small investment worthwhile:

You will be able to stake xKZEN to earn additional rewards in tokens of projects that launch using Kaizen tools.
In addition to token rewards from partner projects, you will receive APR in xKZEN tokens.

Also, you get an exclusive opportunity:

Holders and stakers of xKZEN will be incentivized with allocations in partner-projects launching using the Kaizen platform and get a chance to buy their tokens before they hit the market.

Tip. The more months you stake, the more token bonus allocations you get. For example, if you stake xKZEN for one month, you get one-month access to allocations of the token’s projects, which they offer during private sale rounds. To see the period during which you can get allocation, look for the green gift package in the staking window.

Before Staking: How to Convert xKZEN (SPL) to xKZEN

When you participated in the Kaizen.Finance IDO on Solstarter, you probably noticed that the name of the token you had claimed is xKZEN (SPL).

xKZEN (SPL) is the Solstarter’s proxy token that represents your right to exchange it to Kaizen’s xKZEN locked token. So, in order to stake you need to convert your xKZEN (SPL) tokens to xKZEN tokens.

To convert:

1. On the https://ido.kaizen.finance webpage, click the Connect Wallet button.

3. In the pop-up window, click the Phantom wallet.

4. In the Phantom Wallet browser extension, click the Connect button.

5. Once connected, on the staking page, click the Convert to xKZEN button.

Now you’re all set and ready for staking xKZEN.

How to Stake xKZEN

After you converted xKZEN (SPL) to xKZEN, take these steps to stake the xKZEN tokens:

1. Go to https://ido.kaizen.finance.

2. On the webpage, click the Connect Wallet button.

3. In the pop-up window, click the Phantom wallet.

4. In the Phantom Wallet browser extension, click the Connect button.

IMPORTANT. Before staking, make sure you have enough funds in your wallet to make a stake (to pay a transaction fee.)

The staking of xKZEN is available for the following estimated returns:

5.00% APY for one (1) month of staking,
10.00% APY for three (3) months of staking,
25.000% APY for six (6) months of staking.

5. On the staking page, select the staking period and click the Stake button.

How can you tell how much xKZEN is in your wallet? To see the total number of xKZEN tokens in your wallet, connect your wallet. Once connected, Kaizen.Finance will display the number next to the Stake button.

6. In the “Stake funds” dialog window, (1) specify the amount of xKZEN tokens you want to stake, and (2) click the Stake button.

Tip. The more you stake, the higher interest you earn. We recommend you stake the total amount of xKZEN tokens for you to get the highest interest on your deposit.