In the example below, we will be showing you how to stake UPS. Feel free to stake any amount you like.
- Head over to https://app.upfi.network/governance (Please double check that this is the correct link!)
- Connect your wallet
- Enter the number of UPS & lockting time you want to stake. Make sure you have sufficient UPS to stake and SOL to transaction fee.
- Note: You can choose to lock in UPS between at least 7 days and up to 2 years. The longer you stake UPS, the more xUP you will get.
- Voilà! You have successfully staked your UPS. Now watch it compound and grow.
- You can claim xUP reward anytime
- You can increase locking time or UPS balance to get more xUP (only be used for 1 tab for 1 time.)
- Stake xUP and xUP balance rebases up automatically at the end of every block
- 2.Click "Approve" and sign the transaction.
- 3.After the "Approve" transaction has been processed successfully, click "Unstake" and sign the transaction.
- The "Approve" transaction is only needed when staking/unstaking for the first time; subsequent staking/unstaking only requires you to perform the "Stake" or "Unstake" transaction.
- Unstaking xUP before the lock-in period ends incurs an early exit penalty of 50% both Reward and staked UPS