VeloraDevelopers Docs

➡️Staking PSP

Get further involved with Velora to help improve efficiency and decentralization

PSP staking contracts currently exist only on Ethereum and Optimism mainnet.

Users can choose to stake either PSP (sePSP) or a 2x boosted PSP/ETH hybrid pool (sePSP2) to participate in the system through the Earn tab.

Staking PSP in either sePSP method allows you to earn incentives for the services you provide to Velora in the form of a portion of the accrued protocol fees. The more value you add to Velora, the more you can earn, by performing actions such as poolingl, you can receive a boost on your stake.

Staking PSP on Hybrid Pool (sePSP2):

  1. Select PSP tokens available

  2. Add WETH or ETH

  3. Unlock PSP and WETH or ETH in your wallet

  4. Confirm stake

Staking PSP on Native Pool (sePSP):

  1. Select PSP tokens available

  2. Unlock in your wallet

  3. Confirm stake

sePSP1 and sePSP2 to acknowledge deposits

Staking deposits are recognized with a deposit token: sePSP1 or sePSP2 depending on the option chosen by the user. Both are standard ERC-20 and can be transferred.

Ethereum Mainnet Contracts

Optimism Mainnet Contracts

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