➡️Staking PSP

Get further involved with Velora to help improve efficiency and decentralization

circle-info

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 tabarrow-up-right.

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

Last updated

Was this helpful?