Restaking with USDf
Last updated
Last updated
Step 1: Navigate to the Boosted Yield Section First, users locate the Earn tab on the Falcon App and select Boosted Yield from its dropdown menu.
Step 2: Indicate USDf Amount Users indicate the desired amount of USDf they wish to restake, ensuring that they have a sufficient balance in their connected Web3 wallet.
Step 3: Select Tenure Users then select from a range of available fixed-term tenures (e.g., 3, 6, or 12 months), each with their corresponding yield APYs. The longer the selected tenure, the higher the boosted yield.
Step 4: Restake USDf Once the amount of USDf is indicated and a tenure has been selected, users can initiate the restaking by clicking the Stake button. This will trigger a transaction to first stake the users' USDf, then immediately restake it.
Step 5: Approve Transaction Users will be required to confirm and authorize the transaction within their Web3 wallet.
Step 6: Confirm Restaking via Falcon Account Overview After restaking is finalized and the transaction is confirmed, users should confirm that their newly restaked assets are viewable under the Profile function located in the dropdown menu of the Account tab. Users should observe an increase in their staked USDf balance corresponding to the total value of their initial indicated amount, a similar increase in staked sUSDf amount, and a new ERC-721 NFT under the Boosted Yield Positions section.
Step 7: Verify NFT Position Upon successful restaking, users would have automatically minted a unique ERC-721 NFT that represents their fixed-term yield position. The NFT encodes key data such as the principal amount (in sUSDf), the selected restaking duration, and the expected maturity date. The NFT serves as proof of users' restaked positions and can be tracked under the Boosted Yield Positions section of the dashboard. It is transferable, enabling future utility across supported platforms or secondary markets. Users can also click the shortcut under "NFT" to view their NFT directly on its respective block explorer.