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  • What is OVN Staking?
  • How to Start Staking OVN
  1. USER GUIDES

OVN Staking

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Last updated 3 months ago

What is OVN Staking?

Users who hold OVN tokens in their wallets can stake them on the Overnight platform to receive OVN+ tokens at a 1:1 ratio with zero minting fees. Unlike traditional staking mechanisms, users can redeem their OVN tokens instantly, with a 2.5% unstaking commission.

Rewards for OVN+ holders are automatically added to their OVN+ balances daily via the rebase mechanism developed for Overnight Tokens+ (i.e., USD+).

How to Start Staking OVN

1

Visit the Staking tab on the Overnight platform

2

Connect your wallet containing OVN tokens

3

Choose the amount of OVN you want to stake

4

Confirm the transaction to receive your OVN+

5

Hold OVN+ in your wallet to automatically receive daily rebases