Last updated
Last updated
Staking allows you to earn VERSE passively via auto-compounding. By staking your VERSE with Traverse, you receive sVerse (Staked Verse) in return at a 1:1 ratio. After that, your Verse balance will increase automatically on every epoch (8 hours) based on the current APY.
Go to this swap page.
Make sure the output currency is VERSE . You can also copy and paste VERSE contract address in the output currency field to ensure you are swapping the right token. The VERSE token address on Avalanche is: Soon
You can select any input currency based on your available wallet balance. We recommend AVAX-VERSE pair for the deepest liquidity!
Select the amount of VERSE you want to swap for. Then click "Approve" and sign the transaction.
After the "Approve" transaction has been processed successfully, click "Swap" and sign the transaction.
You should see VERSE in your wallet balance now after the swap transaction is successful. If you cannot find it in your wallet, add VERSE contract address to your wallet.
Note: The "Approve" transaction is only needed when you swap VERSE for the first time; subsequent swapping only requires you to perform the "Swap" transaction.
Go to the Stake page of the Traverse website. Select the "Stake" tab.
Enter the amount of VERSE that you would like to stake in the input field. If you would like to stake all your VERSE, press the "Max" button and the input field will be populated with all your available VERSE balance.
Click "Approve" and sign the transaction.
After the "Approve" transaction has been processed successfully, click "Stake" and sign the transaction. Voila, you have staked your VERSE
Go to the Stake page of the Traverse website. Select the "Unstake" tab.
Enter the amount of sVERSE that you would like to unstake in the input field. If you would like to unstake all your sVERSE, press the "Max" button and the input field will be populated with all your available sVERSE balance.
Click "Approve" and sign the transaction.
After the "Approve" transaction has been processed successfully, click "Unstake" and sign the transaction.
Note: The "Approve" transaction is only needed when staking/unstaking for the first time; subsequent staking/unstaking only requires you to perform the "Stake" or "Unstake" transaction.
APY tells you the annualized rate of return based on the reward yield. It takes into account the effect of compounding since sVERSE rebases exponentially.
TVL measures the dollar amount of all the staked VERSE in Traverse.
Current Index allows you to track your gain from staking. The index started from 1 at epoch 0, and increases every epoch. If you staked at genesis (epoch 0) and never unstaked any VERSE, your balance today would be X times greater, where X is the current index. You can use the index to track your position by marking down the index number when you stake and unstake. You divide the index number when you unstake by the index number when you stake to get the ratio by which your sVERSE balance has increased.
Your Balance tells you how many unstaked VERSE are in your wallet. This is the maximum amount that you can stake.
Your Staked Balance tells you how many staked VERSE are in your wallet. This is the maximum amount that you can unstake.
Next Reward Amount tells you how much sVERSE you are getting next rebase,
Next Reward Yield tells you how much your sVERSE balance will increase when the next epoch begins. For example, if you stake 100 VERSE and the upcoming rebase is 0.5427%, your sVERSE balance would increase from 100 to 100.5427.
ROI (5-Day Rate) estimates how much your sVERSE balance will increase after 5 days, if the reward yield stays the same during this period. For example, if you stake 100 VERSE and the rate is 8.4577%, your sVERSE balance would increase from 100 to 108.4577 after 5 days.
