📜Stake SQD From a Vesting Contract

This page outlines the process of staking your SQD should it be locked into a staking contract.

How Is SQD Staked From Vesting Contracts?

In a nutshell, staking SQD from a vesting contract means you are exchanging 'vested SQD' for 'vested stSQD'.

You are able to earn rewards on this stSQD, and claim those rewards at any time to your wallet. However, when you exchange SQD for stSQD you are not recieving stSQD into your personal wallet, all the interactions are between the staking contracts and the vesting contracts.

This basically means that converting vested SQD to stSQD does not allow one to circumvent the vesting period, but does allow the earning of protocol rewards.

Staking vested SQD

First, head to https://institutional.stakedflip.fi. You'll see a 'Stake Now' option on this page:

Connect Your Wallet

This wallet should be the wallet connected with your vesting contract, Staked Squid supports various wallets, for example if using metamask your wallet should pop up in the top right of your browser, choose the correct account if you have multiple, and then click 'Next'.

Choose Your Vesting Contract

Once you've connected, you'll see a drop down list that will contain your vested contract address, choose the contract you would like to stake from.

Enter Amount, Approve, and Submit

You are then free to enter the amount of SQD you'd like to stake. One can stake any amount of stSQD greater than 1, and there is no maximum. Once done, click the 'Approve' button, then 'Submit Stake' directly below it. In this example we are staking 300 SQD.

You'll get another wallet popup prompting you to approve this transaction, click 'Confirm'. (Higher gas may be needed at times of network stress for a faster transaction).

Once you've confirmed, wait for the backend contracts to work their magic.

When the transaction is confirmed, you'll have vested stSQD inside your contract. Congrats! You just staked your SQD!

Now protocol rewards earned from validator nodes will accrue on your vesting contract. stSQD uses a rebase mechanism to allow balances to increase in line with protocol rewards.

As it's vested, you won't see it in your wallet directly, so you can head over to out analytics page.

Vested SQD Rewards

Rewards accumulate within the vesting contract, rather than the controlling wallet. However, rewards are not subject to the same vesting limitations the initial SQD. This means when rewards accrue, we can manually claim them.

Claim Rewards

When you're ready to claim your staking rewards to your own wallet, navigate to the claim rewards page.

https://www.stakedsqd.fi/institutional/claim

Here, you'll see your vesting contracts in the drop down menu. Navigate to the one you want to claim from and click, 'Submit Claim'.

We reccomend taking this opportunity to add both stSQD and SQD to your wallet for ease, if you don't, you may have to navigate to a block explorer to see your assets.

Once you've confirmed the transaction, you'll recieve your rewards directly into your personal wallet, and you're done!