# Stake your VERSE (🛆,🛆)

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**.**

1. Go to this [Lydia Finance](https://exchange.lydia.finance) swap page.
2. 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**
3. You can select any input currency based on your available wallet balance. We recommend AVAX-VERSE pair for the deepest liquidity!
4. Select the amount of VERSE you want to swap for. Then click "Approve" and sign the transaction.
5. After the "Approve" transaction has been processed successfully, click "Swap" and sign the transaction.
6. 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.*

![](https://2987611038-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fh8JtjljPQ41QBp9tNHjn%2Fuploads%2FD0JwP7Zohjh2R91IIT2X%2Fimage.png?alt=media\&token=11bf68b4-ddb5-4da5-8934-a6d25e1d480a)

1. Go to the Stake page of the Traverse website. Select the "Stake" tab.
2. 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.
3. Click "Approve" and sign the transaction.
4. After the "Approve" transaction has been processed successfully, click "Stake" and sign the transaction. Voila, you have staked your **VERSE**

## How to Unstake

1. Go to the Stake page of the Traverse website. Select the "Unstake" tab.
2. 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.
3. Click "Approve" and sign the transaction.
4. 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.*

## Reading the Info

* **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.