# Staking

Each staking vault has its own unique staking token, primarily used as a unit of accounting—similar to a fund unit in a hedge fund. When users stake, their tokens are converted into the staking token, and when they unstake, the staking token is converted back into the original token.

This mechanism leverages blockchain technology to ensure clear, transparent accounting of staking value over time. Additionally, it enables the creation of liquidity pools between the original token and the staking token (e.g., SOL vs. lstSOL) on decentralized exchanges. These liquidity pools provide the added benefit of allowing instant staking and unstaking, enhancing user flexibility and convenience.

Lending vaults currently available

<table><thead><tr><th width="226">Vault Name</th><th width="129">Currency</th><th width="175">Open for Staking</th><th>Unstaking Period</th></tr></thead><tbody><tr><td>SOL Meme Liquidity I</td><td>SOL</td><td>Yes (lstSOL)</td><td>Up to 5 days</td></tr><tr><td>USDC Meme Liquidity I</td><td>USDC</td><td>Yes (USDL)</td><td>Up to 5 days</td></tr></tbody></table>

***

### **Staking Guide**

{% stepper %}
{% step %}

#### First proceed to the [Stake](https://app.lavarage.xyz/stake) page

<div align="left"><figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfZVizxZUeLLwJqI2KO6LqYQNtLZdJznmAQrEI1aTIdLdp63re9FuXYuU01mTgdtCKixKdgiNKncEghDVaSY1_RSMALrdRA2rbA1MLNX-b7V1MXCd1OHfoH2yQBfsoXKxDZXxa7ZJTMhw6OA-opaA2RDEc?key=f7ScjdJK9YoyJcL7tRCjiQ" alt=""><figcaption></figcaption></figure></div>
{% endstep %}

{% step %}

#### Select the vault you want to stake in

<div align="left"><figure><img src="/files/w177FDz12572l8BtZiuF" alt=""><figcaption></figcaption></figure></div>
{% endstep %}

{% step %}

#### Enter the amount and hit Stake

<div align="left"><figure><img src="/files/cT0piTySFg7dBvVgOUSB" alt=""><figcaption><p>View your staked balance anytime from the Unstake page</p></figcaption></figure></div>
{% endstep %}
{% endstepper %}

### **Unstaking**

{% stepper %}
{% step %}

#### **Proceed to the Unstake page**

<div align="left"><figure><img src="/files/Zn6oF52Ai3ibwuj3d72N" alt=""><figcaption></figcaption></figure></div>

{% endstep %}

{% step %}

#### Enter the amount and hit Unstake

<div align="left"><figure><img src="/files/7cGU6jeVw5jZbLAksKs8" alt=""><figcaption></figcaption></figure></div>

{% endstep %}
{% endstepper %}

### **Claiming**

{% stepper %}
{% step %}

#### Proceed to the Claim page

<div align="left"><figure><img src="/files/kHuOmp7bLj2E5gUhHTpI" alt=""><figcaption></figcaption></figure></div>
{% endstep %}

{% step %}

#### Wait for the unstaking period to expire

<div align="left"><figure><img src="/files/AnjrU3rvl9dXBi2ugoo1" alt=""><figcaption></figcaption></figure></div>
{% endstep %}

{% step %}

#### Select Claim and approve the wallet transaction

<div align="left"><figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeOksP9GDHZrpc3U_zoy0osSkJaZAc-lmIoHYIHpJIBSi-3bl-dJBLThhjGvepZ2D9AHB8NiBU8fA7lbHMB-LyasvXkrynqUU2K42uBQ4GECZRBrRUYeTlFBc4D6ZVqub7rCM9OQClEvTWOAxUOhRGUGDTs?key=f7ScjdJK9YoyJcL7tRCjiQ" alt=""><figcaption><p>After confirmation the claimed funds will be sent to your wallet.</p></figcaption></figure></div>
{% endstep %}
{% endstepper %}

<table data-view="cards"><thead><tr><th></th><th></th></tr></thead><tbody><tr><td>🔥 Burning</td><td>Unstaked lstSOL/USDL is burnt, reducing the circulating supply.</td></tr><tr><td>💵 Funds Received</td><td>Users receive SOL/USDC based on the unstaked amount, vault balance, and circulating supply.</td></tr><tr><td>⏳ Unstaking Period</td><td>The unstaking process takes 5 days (120 hours) to complete and cannot be modified or canceled.</td></tr></tbody></table>

***

### Staking Q\&A

{% stepper %}
{% step %}

#### I just staked my SOL/USDC into the Lavarage Vault. Do I need to stake my lstSOL/USDL?

No, you do not need to stake your lstSOL/USDL separately. By staking in the Vault, you are automatically participating in both staking and lending activities. Because this is liquid staking, the process is very similar to a swap, where you are essentially swapping your SOL/USDC for lstSOL/USDL.
{% endstep %}

{% step %}

#### How is the APY computed for my staked SOL?

The APY for your staked SOL/USDC in the Lavarage Vault is computed based on two primary sources of earnings: the yield from funds delegated to validators and the interest earned from funds deployed in loan pools.
{% endstep %}

{% step %}

#### I selected unstake, but I don’t see my funds in my wallet. Where are my funds?

When you select "unstake", your lstSOL/USDL goes through an unstaking process that takes up to 5 days (120 hours) to complete.
{% endstep %}

{% step %}

#### Is there any way to speed up the unstaking process?

Please reach out to us through the support channel. We will manually review your case to see if expediting the process is possible. In most cases, a special fee will apply.
{% endstep %}

{% step %}

#### Can I be a lender or liquidator?

For the latest information, visit the [Liquidity](/lavarage/platform/liquidity.md) page
{% endstep %}

{% step %}

#### **Is there any risk to staking?**

The risk to staking can be categorized broadly into the following categories. The risk is relatively low but it is inherently still there.
{% endstep %}
{% endstepper %}

<table><thead><tr><th width="213.54541015625">Risk Category</th><th>Description</th><th>Mitigation</th></tr></thead><tbody><tr><td>Smart Contract Risk</td><td>This is the risk of fund being maliciously drained from our liquidity provision-related smart contracts</td><td>Our smart contracts have been and will be continuously audited rigorously</td></tr><tr><td>Delegation Risk</td><td>This is the risk of fund being maliciously drained from the smart contract(s) of the Solana network validators where the fund is being delegated to</td><td>Fund will only be delegated to the most reputable and trustworthy validator(s)</td></tr><tr><td>Lending Risk</td><td>This is the risk of incurring a loss when there is bad debt</td><td>WIth backstop liquidity provider(s) in place, lenders and stakers should be shielded from bad debt risk in normal circumstances.</td></tr></tbody></table>

The above list may not be complete and exhaustive. For further questions, you can always contact our team. Please always do your own research.


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