PsyFi Documentation
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          • Auto-Deposit into PsyLend to Earn Rewards
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        • Users: Option Rewards and What You Can Do With Them
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        • Namespace: instructions
        • Namespace: serumInstructions
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        • Enumeration: ClusterName
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    • PSY 2.0: PSY Stake and DeMux Overview [RFC]
    • Governance Tutorials
      • Governance Overview & Walkthrough
      • Initializing a Proposal Using Poseidon [RFC]
      • PsyOptions Protocol Governance Actions
      • Voter Stake Registry Set Up
        • How to Lock Your Own Tokens
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        • How to Propose Clawing Back Granted Tokens
      • PSY 2.0 - How to Stake Your PSY to Start Participating in PSY 2.0 Governance
      • PSY 2.0 - How to Claim Rewards For Staked PSY
      • PSY 2.0 - How to Setup a RewardPool
      • PSY 2.0 - How to perform DeMuX Actions on Reward Pools [RFC]
      • PSY 2.0 - How to view tokens that are sent to DeMux [RFC]
    • Governance FAQ
      • 🐛PSY DAO Bug Bounty
    • Poseidon [RFC]
    • PsyFi DAO Contributors
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  1. Welcome to PsyFi
  2. PsyVaults - Vaults Product
  3. PsyVaults Tutorials
  4. PsyVault Rewards

Auto-Deposit into PsyLend to Earn Rewards

PreviousPsyVault RewardsNextUnderstanding Staking Rewards

Last updated 2 years ago

As of the date of this publication, PsyFi has temporarily suspended PsyVault rewards in favor of the PsyLend rewards program. To ensure that PsyVault users continue to reap the benefits, PsyFi has enable them to earn PsyLend rewards by depositing into a vaults which rare ecognized as collateral on the PsyLend platform.

Additionally, to streamline this process, PsyFi has implemented an "Auto-Deposit to PsyLend" feature for eligible vaults, making it more convenient for our users to maximize their rewards.

When depositing into a vault, users can simply select the "Boost APY with Lending" checkbox on the deposit tab to enable auto-deposit of their vault tokens into PsyLend. This not only allows users to automatically earn rewards but also contributes collateral to their PsyLend position, providing them with the option to borrow as needed.

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PsyLend Autodeposit Checkbox