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Stake Your OHM

Staking allows you to earn OHM passively via auto-compounding. By staking your OHM with OlympusDAO, you receive sOHM (staked OHM) in return at a 1:1 ratio. After that, your sOHM balance will increase automatically on every epoch based on the current APY.

Check out this video on how to get OHM and stake it on Olympus:

How to Buy OHM​

caution

There are several venues to purchase OHM: Sushiswap, Uniswap, or DEX aggregators such as matcha. Make sure to check the slippage first before buying OHM, as some venue offers worse rate than the others due to low liquidity.

1. Go to this Sushiswap swap page. We use Sushiswap as an example here. It is recommended to compare the exchange rate across different DEXes to ensure you are getting the best price.

2. Make sure the output currency is OHM. You can also copy and paste the OHM contract address into the output currency field to ensure you are swapping for the right token.

Paste OHM contract address

3. You can select any input currency based on your available wallet balance. It is recommended to use DAI as the input currency to minimize the slippage.

Make sure the output currency is OHM

4. Select the amount of OHM 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 OHM in your wallet balance now after the swap transaction is successful. If you cannot find it in your wallet, add OHM contract address to your wallet.

info

The "Approve" transaction is only needed when you swap OHM for the first time; subsequent swapping only requires you to perform the "Swap" transaction.

How to Stake​

  1. Go to the Stake page of the OlympusDAO website. Select the "Stake" tab.
  2. Enter the amount of OHM that you would like to stake in the input field. If you would like to stake all your OHM, press the "Max" button and the input field will be populated with all your available OHM 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 OHM!

How to Unstake​

  1. Go to the Stake page of the OlympusDAO website. Select the "Unstake" tab.
  2. Enter the amount of sOHM that you would like to unstake in the input field. If you would like to unstake all your sOHM, press the "Max" button and the input field will be populated with all your available sOHM 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​

The staking page

APY tells you the annualized rate of return based on the reward yield. It takes into account the effect of compounding since sOHM rebases exponentially.

TVL measures the dollar amount of all the staked OHM in Olympus.

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 OHM, 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 sOHM balance has increased.

Your Balance tells you how many unstaked OHM are in your wallet. This is the maximum amount that you can stake.

Your Staked Balance tells you how many staked OHM are in your wallet. This is the maximum amount that you can unstake.

Next Rebase tells you the remaining time until the next rebase.

Reward Yield tells you how much your sOHM balance will increase when the next epoch begins. For example, if you stake 100 OHM and the upcoming rebase is 0.5427%, your sOHM balance would increase from 100 to 100.5427.

ROI (5-Day Rate) estimates how much your sOHM balance will increase after 5 days, if the reward yield stays the same during this period. For example, if you stake 100 OHM and the rate is 8.4577%, your sOHM balance would increase from 100 to 108.4577 after 5 days.