Mainnet

How do I stake?

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.

    • Note:

      • 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

How to Unstake

  1. Go to the https://app.upfi.network/governance . Select the "Unstake" tab.

  2. Click "Approve" and sign the transaction.

  3. After the "Approve" transaction has been processed successfully, click "Unstake" and sign the transaction.

  • Note:

    • 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

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