# OVN Staking

### **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

{% stepper %}
{% step %}
**Visit the Staking tab on the Overnight platform**

<div align="left"><figure><img src="https://3675524930-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F9HhCCgYexXiRot0OWAJY%2Fuploads%2FtwA9jEkSEuej1GcjKa7E%2Fphoto_2025-02-10_15-18-25.jpg?alt=media&#x26;token=ed7b0c3f-e43f-4132-b406-507809e7542a" alt="" width="375"><figcaption></figcaption></figure></div>
{% endstep %}

{% step %}
**Connect your wallet containing OVN tokens**
{% endstep %}

{% step %}
**Choose the amount of OVN you want to stake**

<div align="left"><figure><img src="https://3675524930-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F9HhCCgYexXiRot0OWAJY%2Fuploads%2Fgld6eBCOfVl0j0QFXpSx%2Fphoto_2025-02-10_15-14-21.jpg?alt=media&#x26;token=d0164864-4a2c-4a64-b4cc-96c3ead8ed6c" alt="" width="375"><figcaption></figcaption></figure></div>
{% endstep %}

{% step %}
**Confirm the transaction to receive your OVN+**
{% endstep %}

{% step %}
**Hold OVN+ in your wallet to automatically receive daily rebases**
{% endstep %}
{% endstepper %}