What staking actually does
Two things happen when you stake. On the blockchain, your USDh moves into the staking contract and you receive sUSDh. Off the blockchain, the dollars behind your USDh are lent to other governments, in dollars, instead of the US government. That is what funds rewards, and it is also the extra risk. See sUSDh.Stake
1
Enter an amount
In the app, open Stake and enter how much USDh to stake. Under Receive, the app shows the sUSDh you will get: the USDh you stake divided by the current sUSDh price.
2
Check the details
Below the button you’ll see the Exchange Rate (for example, 1 sUSDh = 1.019 USDh), the Staking Fee, which is zero, and the exit period.
3
Approve and confirm
The first time, approve USDh in your wallet. Then press Stake and confirm.
Unstake
Leaving takes two steps and a 30-day wait. Here is exactly how it works:1
Ask to unstake
In Portfolio, press Unstake and choose how many sUSDh to exit. They are burned at once, and the USDh you will receive is fixed at the sUSDh price at that moment. Rewards stop building up on this amount from then on.
2
Wait 30 days
Your pending exit shows under Cooldown in Portfolio.
3
Claim
When the wait ends, press Claim and your USDh arrives in your wallet. It is not sent automatically.
- Asking again restarts the clock. If you ask to unstake more while you are already waiting, both amounts are combined at an average price, and the full 30 days start again for the total. If timing matters, claim first, then ask again.
- Your price is fixed when you ask. If the sUSDh price rises during your wait, your pending exit does not gain from it.