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LGO Yield Staking

LGO tokens can be staked to earn yield in the form of Senior LLP tokens. 10% of the daily protocol revenue is distributed to these stakers.

Staking your LGO

  1. 1.
    Connect your wallet
  2. 2.
    Navigate to the LEVEL Staking page​
  3. 3.
    In the LGO section, click ‘DEPOSIT’ and enter the amount of LGO you want to stake
  4. 4.
    Click ‘APPROVE’ and confirm the pop-up transaction in your wallet
  5. 5.
    Click ‘DEPOSIT’ and confirm the pop-up transaction in your wallet
  6. 6.
    Once confirmed in your wallet, you will see a ‘Successful’ pop-up on the LEVEL UI after a few seconds. Your LGO is now staked and earning Senior LLP tokens!

Unstaking your LGO

  1. 1.
    Connect your wallet
  2. 2.
    Navigate to the LEVEL Staking page​
  3. 3.
    In the LGO section, click ‘WITHDRAW’ and enter the amount of LGO you want to unstake
  4. 4.
    Click ‘WITHDRAW’ again and confirm the pop-up transaction in your wallet
  5. 5.
    Once confirmed in your wallet, you will see a ‘Transaction Completed**’** pop-up on the LEVEL UI after a few seconds. Your LGO is now unstaked and no longer earning Senior LLP tokens!

Claiming Rewards

Rewards are distributed as Senior LLP tokens. You have the option to claim these rewards in their original Senior LLP form or choose between the underlying assets (BTC, ETH, BNB, USDT). If choosing to sell to an underlying asset, fees applied are dependent on whether the sale will move the asset weight toward or away from the target weight of the asset.
  1. 1.
    Connect your wallet
  2. 2.
    Navigate to the LEVEL Staking page​
  3. 3.
    In the LGO section, click ‘CLAIM’ and select the asset (e.g. BTC, ETH, BNB, USDT) you want to receive
  4. 4.
    Click ‘CLAIM’ again and confirm the pop-up transaction in your wallet
  5. 5.
    Once confirmed in your wallet, you will see a ‘Transaction Completed**’** pop-up on the LEVEL UI after a few seconds.
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Last modified 25d ago