Staking avTokens (avUSD, avBTC)
Staking is how you put your avUSD or avBTC to work to earn yield. By staking, you exchange your tokens for their yield-bearing counterparts (savUSD or savBTC).
Navigate to the Products Page: Go to the Products section of the app.
Choose the Asset to Stake: Click the Stake button under your asset of choice.
Enter the Amount: Input the amount you wish to stake. The app will show you an estimate of the
savUSDorsavBTCyou will receive in return.Approve and Stake: Just like minting, you may need to approve the protocol's access to your
avUSDoravBTCfirst. After approval, click Stake and confirm the transaction in your wallet.
Your staked balance (e.g., savUSD, savBTC) will now appear on your dashboard. This balance will grow in value as the protocol generates yield.
How Staked Tokens' Value Grows
You might notice that when you stake, say, 1000 avUSD, you receive a slightly lower number of savUSD tokens, for example, 900 savUSD. Don't worry, the total value is exactly the same at that moment. The key is that your savUSD tokens (i.e., 900 savUSD) will grow in value over time as yield is earned by the protocol, eventually becoming worth more than your initial deposit.
Last updated