Transaction Transparency and GAS-LYK Wallet
Homnifi is thrilled to introduce Transaction Transparency with LayerK blockchain integration, a powerful feature that lets you easily verify your activities on the LayerK blockchain!
Last updated
Homnifi is thrilled to introduce Transaction Transparency with LayerK blockchain integration, a powerful feature that lets you easily verify your activities on the LayerK blockchain!
Last updated
Now, for every action you take, like depositing, withdrawing, swapping, linking, or claiming rewards, you'll see a unique transaction ID (as On-Chain) in your Homnifi transaction history. Just click the "On-Chain" link to check details on the LayerK explorer, or copy the hash and search it directly on the explorer.
The GAS-LYK Wallet works hand-in-hand with this by automatically managing fees for these activities, making everything smoother and more reliable. This guide explains how to use transaction transparency, view your details, and handle your GAS-LYK Wallet.
What You Need:
A Homnifi account with access to the platform.
A connected MetaMask wallet on the LayerK network (see the MetaMask Wallet Connection guide for setup instructions, this is mandatory for rewards claiming).
Some LYK tokens in your GAS-LYK wallet to cover fees or transaction amounts.
A supported browser (Chrome, Firefox, Edge, or Brave)
Important Notes:
Transaction Transparency: Every activity (e.g., deposits, withdrawals, swaps, linking) creates a unique transaction hash, shown in Homnifi’s history with a "View on Blockchain" link to the LayerK explorer.
GAS-LYK Wallet: Automatically set up to handle fees for these activities, with real-time balance updates and automatic top-ups.
Always use the official LayerK explorer and Homnifi website to check details and stay secure.
Never share your MetaMask Secret Recovery Phrase with anyone.
Step 1: Log In to Homnifi
Open your browser and log in to your account. Important note: the metamask connection will need to be done from the desktop browser, a one-time setup..
Ensure your MetaMask wallet is connected to the LayerK network (refer to the MetaMask guide if needed).
Step 2: Accept GAS-LYK Wallet Terms
The first time you log in after the feature launch or start an activity requiring fees (e.g., deposit, withdrawal, linking), a pop-up will explain the GAS-LYK Wallet’s purpose, fee handling, and auto-top-up process.
Read and click Accept to proceed. This is a one-time step and won’t appear again.
Note: You must accept the terms to use the GAS-LYK Wallet and perform activities with transparency.
Step 3: Automatic GAS-LYK Wallet Creation
Your GAS-LYK Wallet is created automatically when you:
Log in for the first time after the feature launch.
Perform an activity (e.g., depositing, linking, or claiming rewards).
The wallet holds LYK tokens to cover fees, ensuring your activities go through without interruptions.
What Is On-Chain Transaction?
Homnifi now allows you to track every activity directly on the LayerK blockchain. Each activity (e.g., deposits, withdrawals, swaps, linking, rewards claims) generates a unique transaction hash, displayed in your Homnifi history.
Click the "On-Chain" link next to an activity to see its details on the LayerK explorer, or manually search by copying the hash into https://explorer.layerk.com.
How to View Your Activities
Via Homnifi History:
Navigate to the Transaction History section in Homnifi (found in the wallet or DeFi 360 - NodeK areas).
Locate your activity - Wallet or Linking activities (e.g., “Deposit 10 LYK” or “Link 5 mLYK”).
Click the View on Blockchain link next to the activity. This opens the LayerK explorer, showing details like:
Transaction hash
From/to wallet addresses
Amount transferred
Fees paid (deducted from your GAS-LYK Wallet)
Date and status
Manually on LayerK Explorer:
Visit https://explorer.layerk.com.
Copy the transaction hash from Homnifi’s history.
Paste it into the explorer’s search bar and press Enter.
Review the details to confirm its status and information.
Transaction transparency applies to:
Deposits: Adding LYK or other tokens to your Homnifi wallets.
Withdrawals: Moving funds to your external wallet.
Internal Transfers: Moving funds between Homnifi wallets.
Swaps: Exchanging tokens (e.g., LYK to another token or vice versa).
Linking: Linking mLYK in NodeK or CloudK.
Rewards and Linking Token Claims: Claiming rewards or unlocked collateral.
Airdrops: Receiving tokens for eligible actions (e.g., new Computer Device additions).
Each of these generates a "On-Chain" link in the relevant history (wallet or Computer Device history).
Checking Your Balance
Your GAS-LYK Wallet balance is displayed in the Homnifi interface, near the Live Boost and Live LYK price indicators.
It updates in real-time after activities or top-ups.
A color-coded indicator shows your balance status:
Balance
Color
What It Means
More than 0.5 LYK
Blue
Plenty of funds for multiple activities.
0.1 to 0.5 LYK
Yellow
Low funds; monitor to avoid delays.
Less than 0.1 LYK
Red
Very low; a top-up is needed.
How the GAS-LYK Wallet Supports Activities
The GAS-LYK Wallet automatically pays fees for activities, ensuring they’re processed easily. Here’s how it works with transaction transparency:
Example: Depositing with Transaction Transparency
Go to the Deposit section in Homnifi.
Enter an amount (e.g., 10 LYK).
If your GAS-LYK Wallet balance is below 0.1 LYK (red indicator), a message appears: “Your GAS-LYK Wallet needs a top-up to process this activity.”
A 1 LYK top-up is deducted from your deposit amount:
1 LYK goes to the GAS-LYK Wallet.
9 LYK is credited to your target wallet.
Fees are paid from the GAS-LYK Wallet.
Check the Transaction History:
The deposit record shows “10 LYK deposited, 1 LYK added to GAS-LYK Wallet.”
A "View on Blockchain" link takes you to the LayerK explorer to verify the activity.
Example: Linking mLYK
In DeFi 360 - NodeK, select Link mLYK and enter 10 mLYK.
If your GAS-LYK Wallet balance is below 0.1 LYK, 1 LYK is deducted for a top-up, and 9 mLYK is linked.
Fees are covered by the GAS-LYK Wallet.
In the Computer Device Transaction History, find the linking record with a "View on Blockchain" link to view the activity on https://explorer.layerk.com.
Automatic Top-Ups
If your GAS-LYK Wallet balance falls below 0.1 LYK during an activity, a 1 LYK top-up is triggered.
The top-up is deducted from the activity amount (e.g., 1 LYK from a 10 LYK deposit).
Top-ups are logged in the GAS-LYK Wallet history with notes like “Auto GAS Top-Up during [Transaction ID].”
View on Blockchain Links: Every activity (deposits, linking, etc.) includes a "View on Blockchain" link in Homnifi’s history for full clarity.
Terms Acceptance: You must accept the GAS-LYK Wallet terms once to enable activities.
Exclusions: “Deposit and Link” activities don’t trigger GAS-LYK top-ups to keep things simple.
Low Balance: If the GAS-LYK Wallet can’t cover fees after a top-up, the balance may show as negative until you add funds.
Minimum Amounts: Activities must exceed 1 LYK after top-ups to proceed.
"On-Chain" Link Not Working or Not Displayed: Wait a few minutes, as blockchain activities may take time to appear. Refresh the page or check https://explorer.layerk.com directly with the hash.
Activity Blocked: If the amount is too small (≤ 1 LYK after top-up), increase the amount or add LYK to your wallet.
Balance Not Updating: Refresh Homnifi or contact support if the issue persists.
“Connect Wallet” Prompt: Ensure MetaMask is on LayerK Mainnet (see MetaMask guide).
Can’t Find Activity on Explorer: Copy the hash exactly from Homnifi’s history and paste it into https://explorer.layerk.com.
For MetaMask-specific issues, refer to the MetaMask Wallet Connection guide's troubleshooting section.
Always verify URLs (https://app.homnifi.com, https://explorer.layerk.com).
Never share your MetaMask Secret Recovery Phrase.
Use a hardware wallet for large balances.
Regularly check your GAS-LYK Wallet balance to avoid delays.
Contact Homnifi support for suspicious prompts or activities.
Double-check transaction hashes on the official explorer before confirming large actions.
Q: How do I verify an activity on the LayerK explorer? A: In Homnifi’s history, click the "On-Chain" link next to your activity, or copy the hash and search on https://explorer.layerk.com.
Q: Do I need to manually fund the GAS-LYK Wallet? A: No, automatic top-ups add 1 LYK when needed, deducted from your activity amount.
Q: Can I use the GAS-LYK Wallet for deposits or withdrawals? A: No, it’s only for fees. Use other Homnifi wallets for deposits/withdrawals.