Stake
Stake is how a user opts into yield participation.
What stake does
The user deposits the overlaid asset into the staking contract and receives the staking representation. Yield accrues through the exchange rate rather than through rebasing balances.
When to use stake
Use stake when:
- You already hold an overlaid asset.
- You want yield participation.
- You are comfortable moving from the liquid base asset into the staking representation.
How to stake
- Open the Stake/Unstake section from the side menu.
- Click Stake for the asset you want to stake.
- Enter the amount.
- If this is your first time, click Approve and confirm the approval in your wallet.
- Click Stake and confirm the transaction.
Costs and limits
- Protocol fee: 0%
- Network fees: Yes
- Cooldown: No
- Lockup: No