DAO Tutorials

SYP Staking(xSYP Rewards)

SYP tokens can be staked to earn xSYP, the governance token of Sypher Finance. Holding xSYP grants you governance rights over the ecosystem and management rights of the DAO Treasury.

There is a 0.4% fee to stake your SYP.

How to Stake SYP:

1. Connect your wallet.

2. Navigate to the Sypher DAO page.

3. In the Staking section, enter the amount of SYP you want to stake.

4. Click 'APPROVE' and confirm the transaction in your wallet.

5. Click 'STAKE' and confirm the pop-up transaction.

6. Once confirmed, you’ll see a 'Transaction Complete' notification. Your SYP is now staked and earning xSYP!

Unstaking Your SYP:

1. Connect your wallet.

2. Navigate to the Sypher DAO page.

3. In the Staking section, click 'UNSTAKE' and enter the amount of SYP to unstake.

4. Confirm the transaction in your wallet.

5. After confirmation, a 'Transaction Completed' message will appear.