Staking USDf for Classic Yield
Last updated
Last updated
Step 1: Navigate to the Classic Yield Section First, users locate the Earn tab on the Falcon App and select Classic Yield from its dropdown menu.
Step 2: Indicate USDf Amount Users indicate the desired amount of USDf they wish to stake, ensuring that they have a sufficient balance in their connected Web3 wallet. Users should also take note of the prevailing exchange rate of USDf to sUSDf indicated.
Step 3: Stake USDf Once the amount of USDf is indicated, and users have confirmed the corresponding amount of sUSDf to be received, they can initiate the staking of USDf by clicking the Stake button. This will trigger a transaction.
Step 4: Approve Transaction Users will be required to confirm and authorize the transaction within their Web3 wallet.
Step 5: Receive Transaction Confirmation Users will receive a "Transaction Complete" notification upon successful staking.
Step 6: Confirm Staking via Falcon Account Overview After staking is finalized and the transaction is confirmed, users should confirm that their newly minted 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 the recent staking, and a similar representation under their sUSDf balance. Over time, the value of these assets should increase, as yield is accrued.
After verification of successful staking, users are encouraged to participate in Falcon's yield enhancing features with their sUSDf.
Refer to the section under the tab for further details.
