Claiming vETH and vUSD Rewards
Last updated
Last updated
vETH is a ERC20 token which aims to follow the value of ETH, while enabling its holders to accumulate rewards generated by proof-of-stake on the Ethereum mainnet. Similarly, vUSD is a ERC20 token which aims to follow the value of DAl, while enabling its holders to accumulate rewards generated by DeFi.
These accumulated rewards are typically claimable on the Cronos zkEVM Rewards page (more info here).
However, for users who deposit vETH and vUSD with us, this yield can only be claimable on Amply's Dashboard
Key Points:
Suppliers of vETH or vUSD on Amply forgo direct access to the yield generated by these tokens. Instead, Amply collects this yield.
The yield collected by Amply will be redistributed back to the original vETH and vUSD suppliers. Suppliers will have to manually claim this yield on Amply's Dashboard
The yield accrued will be periodically distributed and claimable via our platform UI
The amount of refund you will receive might not be the exact APR shown on the Cronos zkEVM Rewards page. If vUSD and/or vETH has been borrowed out, the borrower will instead earn this extra yield.
Amply provides a simple and user-friendly way to claim your extra VETH and VUSD yield on our Dashboard via the Yield Refund section. Here's a step-by-step guide:
Navigate to the Dashboard and click on the "My earnings" tab
Head to the Yield Refund section and click the "Claim all" button
Once confirmed, the extra yield will be transferred directly to your wallet.