How to Stake/Unstake USDz
Last updated
Last updated
Staking USDz allows holders to earn staking rewards as an incentive. These incentives are designed to reward USDz holders for their adoption and support of USDz throughout DeFi.
Note: staking/unstaking USDz is currently only available on Ethereum Mainnet.
Users located in permitted jurisdictions have the ability to stake/unstake USDz/sUSDz using the Anzen UI. The process through the user interface unfolds as follows:
Users initiate the staking of USDz by selecting the respective option on our dApp interface. This action prompts their chosen wallet to authorize the transaction.
Once the user confirms the transaction through their wallet, it is forwarded to the blockchain for processing.
Upon successful confirmation on the blockchain, the user receives sUSDz as the transaction completes, with the atomic swap ensuring a seamless exchange.
The amount of sUSDz received in the user's wallet will stay the same, but the value of sUSDz in terms of USDz will increase when rewards are distributed.
Users can stake or unstake USDz at any time, even in the middle of an epoch.
There are no restrictions on when you can stake or unstake your funds.
After unstaking, there is a mandatory 7-day cooldown period before the unstaked funds can be withdrawn.
This cooldown period helps to ensure the stability of the staking system and prevent abrupt changes in the staking pool.
Start Staking USDz here: https://rwa.anzen.finance/stake