Stake

Introduction

$VYCO holders can partake in the zkBank stake program, similar to the ve-token model pioneered by Curve. They can stake their $VYCO tokens and receive $stVYCO tokens. As a result, $VYCO holders will receive boosted rewards for supplying and borrowing on VycoLend, and will also be able to partake in DAO governance through voting.

To Stake

1. Navigate to the Staking page

2. Enter the amount of $VYCO tokens to stake

3. Select the number of months to stake; keep in mind your $VYCO tokens will be locked up during this period

4. Review the amount of $stVYCO tokens to receive and your total $stVYCO after staking

5. You can also review your boosted net APY after staking and a detailed breakdown

6. Click stake and sign the transaction

To Unstake

1. Navigate to the Staking page

2. Click unstake and sign the transaction (note: the button is disabled before your unstake date)