# Membership program

Staking LDY allows you to access **key functionnalities** (instant withdrawal), **0% fees withdrawal**, **earn yield** from protocol revenue distribution,  **participate in governance and contribute to the growth of Ledgity**.\
When you stake LDY, you lock your tokens for a chosen duration and receive a **veNFT** that represents your voting power and staking position.

**Step 1 — Go to the Staking page**\
→ [`https://ledgity.finance/stake`](https://ledgity.finance/stake)

***

### **1. Access the Staking Page**

Go to:

<figure><img src="/files/DH0A1UeTpMMbz7e0MrZn" alt=""><figcaption></figcaption></figure>

### **2) Approve LDY**

Before staking for the first time on a network:

1. Enter the amount of **LDY** you plan to stake
2. Click **Approve**
3. Confirm the transaction in your wallet

This approval is required once per network.

***

### **3) Choose Your Lock Duration**

Select how long you want to lock your LDY.

| Duration   | veLDY (Voting Power) | APY from Protocol Revenue | Liquidity               |
| ---------- | -------------------- | ------------------------- | ----------------------- |
| Short lock | Lower                | Lower                     | Higher (unlocks sooner) |
| Long lock  | Higher               | Higher                    | Locked for longer       |

Lock duration directly influences:

* **Your share of protocol rewards**
* **Your influence in governance**

For more details, see **Governance → veLDY Voting**.

***

### **4) Confirm Stake**

Click **Stake** and confirm the transaction.\
Once processed, your position appears as a **veNFT** under *Your Lock Positions*.

***

### **Your Staking Position (veNFT)**

Each position displays:

| Field             | Meaning                       |
| ----------------- | ----------------------------- |
| **Stake**         | Amount of LDY locked          |
| **Votes (veLDY)** | Governance voting power       |
| **Unlocks**       | Date when the lock ends       |
| **Time Left**     | Remaining lock duration       |
| **Claimable**     | Available LDY rewards         |
| **APY**           | Effective staking reward rate |

<figure><img src="/files/ukPGeZ4s3nGNuaBkz8qI" alt=""><figcaption></figcaption></figure>

### **Claiming Rewards**

Rewards come from protocol performance fees and buybacks.\
They accumulate automatically to your position.

To collect rewards:

1. Click **Claim**
2. Confirm in your wallet

> Claiming does **not** affect your lock duration.

***

### **Unstaking**

You can **only unstake after the lock period ends**.

When the unlock date is reached:

1. Click **Unstake**
2. Confirm in your wallet
3. Your veNFT is burned → LDY is returned to your wallet

To keep your governance power active:\
→ You can **extend the lock** before it expires.

***

### **Summary**

| Action               | Outcome                              |
| -------------------- | ------------------------------------ |
| Stake LDY            | Receive veNFT + earn revenue share   |
| Claim                | Collect accumulated LDY rewards      |
| Extend Lock          | Increase/maintain veLDY voting power |
| Unstake after Unlock | Recover LDY, veNFT burns             |


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