✨VRTX Staking
Learn how to Stake VRTX on the Vertex app.
In this tutorial, we will cover:
How to stake VRTX.
How to compound or claim your staking rewards.
How to unstake VRTX.
NEW - Claim & Stake.
1. How to Stake VRTX
Step 1. Get VRTX in your wallet
-> Acquire VRTX on Vertex or via the exchanges listed on Coinmarketcap.
-> Staking is done directly from your wallet and not your Vertex trading balance.
If you hold VRTX on Vertex you will need to withdraw it first to stake it.
Step 2. Go to the staking page
-> Click here or click hover on VRTX in the nav bar and select the 'Stake' option.
Step 3. Press on the Stake button. A pop-up will appear.
Step 4. Enter the amount of VRTX you wish to stake.
Step 5. You need to Approve the use of VRTX and will be prompted to sign in your wallet.
Step 6. You can expand the summary to review the staking transaction.
Step 7. Press the Stake button if everything looks good and sign the transaction in your wallet.
You can view your updated stats on the Staking Page.
2. How to Compound or Claim Staking Rewards
VRTX stakers share in the protocols growth and are rewarded USDC based on their voVRTX score.
Step 1. Click on the Claim button in the Staking Rewards section of the VRTX token page.
Step 2. Select from the following 2 options:
Claim to wallet- receive the USDC rewards to your connected wallet.Compound rewards- turn your USDC rewards into more staked VRTX.
Step 3. Sign the transaction
If you chose to compound your rewards you will see the new staked VRTX balance update shortly after.
3. How to Unstake VRTX
Step 1. Press on the Unstake button. A pop-up will appear.
Step 2. Enter the amount of VRTX you wish to Unstake.
Unstaking any amount of VRTX will return your voVRTX score multiplier to 1x.
Step 3. Expand the summary to review the transaction details.
Step 4. Pess the Unstake VRTX button if everything looks good and sign the transaction in your wallet.
Step 5. Wait 14 days for the unstacked VRTX to unlock and become claimable.
-> Your last unstake date and the total amount unlocking will be visible on the page.
Step 6. Claim the unstaked VRTX.
-> Press Claim Unstaked button under 'Unstaked Claimable.'
You will recieve the unstaked VRTX directly in your connected wallet, not your Vertex Balance.
4. NEW - Claim & Stake
You now have the option to claim & stake your VRTX trading rewards in one action.
Step 1. Go to your Rewards Dashboard page (under VRTX in the nav bar).
Step 2. Click on the Claim Rewards button in the VRTX card.
-> This is only possible f you have available rewards to claim.
Step 3. Choose the Claim & Stake option.
-> This will turn your available VRTX rewards into staked VRTX.
Step 4. Sign the transaction.
You have sucesfully claimed & staked your trading rewards.
Vertex provides a decentralized protocol for trading spot digital currencies and perpetual contracts. Vertex is not authorised or regulated by the Financial Conduct Authority (FCA) or any other regulator. Since cryptocurrency markets are decentralised and non-regulated, our cryptocurrencies trading services are unregulated services which are not governed by any specific UK, European or other regulatory framework (including MIFID or MiCA). Therefore, when Vertex customers use our cryptocurrencies trading service, they will not benefit from the protections available to clients receiving regulated investment services.
Vertex customers using the cryptocurrencies trading service will not benefit from the protections available to clients receiving regulated investment services such as access to the Financial Services Compensation Scheme (FSCS) and the Financial Ombudsman Service for dispute resolution. All of our products carry a high degree of risk and are not suitable for many investors. It is important that you fully understand the risks involved before deciding to trade with Vertex, that you have adequate financial resources to bear such risks and that you monitor your positions carefully. Trading involves risk to your capital. You should not invest money that you cannot afford to lose. You should seek professional advice if you do not fully understand and accept the risks of investing in the products offered by Vertex.
You should review our Statement of Risk before investing.
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