how to convert lp pc-tokens to vow-tokens?
how to convert lp pc-tokens to vow-tokens?The conversion from LP pcTokens to vOW tokens is not a direct, one-step swap. It's a multi-step process that involves removing your liquidity and then staking the received tokens.Here is the complete, step-by-step breakdown.High-Level SummaryYou cannot directly convert an LP token. Instead, you must:
[*]Remove Liquidity: Break your pcUSDC or other pcTokens back into its underlying components (vUSD and USDC).
[*]Stake the vUSD: Take the vUSD you received from removing liquidity and stake it in the Vault to earn vOW rewards.
Detailed Step-by-Step GuidePrerequisites
[*]A Web3 wallet (like MetaMask) connected to the Optimism network.
[*]Some ETH on Optimism for gas fees.
[*]Your pcUSDC (or other pcTokens) in your connected wallet.
Step 1: Remove Liquidity (Breaking pcUSDC into vUSD and USDC)When you provide liquidity, you get pcUSDC (Pro-rata Claim USDC) tokens. This step reverses that process.
[*]Go to the Perpetual Protocol App: https://app.perp.com
[*]Navigate to the "Pools" section.
[*]You will see the liquidity pool you are in (e.g., the vUSD-USDC 5bps pool). Click on it.
[*]You will see an option to "Remove Liquidity".
[*]Enter the amount of pcUSDC you wish to remove, or click "Max".
[*]The interface will show you an estimate of how much vUSD and USDC you will receive.
[*]Confirm the transaction in your wallet. You will pay a small gas fee in ETH.
Result: Your pcUSDC tokens are burned, and you now have vUSD and USDC in your wallet.Step 2: Stake vUSD to Earn vOWNow that you have vUSD, you can stake it in the Vault to start earning vOW.
[*]In the same Perpetual Protocol App, navigate to the "Vault" section.
[*]Here you will see the staking interface for vUSD.
[*]Enter the amount of vUSD you want to stake (which you received from Step 1).
[*]Click "Stake" and confirm the transaction in your wallet.
Result: Your vUSD is now staked. You will immediately start earning vOW rewards proportional to your share of the total staked vUSD. You can see your accumulating vOW balance in the Vault interface.Visual Workflow
Key Points to Remember
[*]vOW is a reward token, not a staking token. You don't stake vOW; you earn it by staking vUSD.
[*]Unstaking vUSD: You can unstake your vUSD from the Vault at any time. When you do, you will stop earning vOW rewards.
[*]Claiming vOW: The vOW you earn is available to be claimed at any time. There is a "Claim" button in the Vault interface.
[*]vOW vs. OW: vOW is the vested version of the governance token OW. You can convert vOW to OW over a 1-year linear vesting schedule. This process is separate and can be initiated in the Vault section.
Summary of Token Roles
[*]pcUSDC (LP Token): A receipt proving you provided liquidity. It is not directly stakeable for vOW.
[*]vUSD: The stablecoin native to Perpetual Protocol. This is the primary token you stake to earn rewards.
[*]vOW: The reward token you earn for staking vUSD. It represents future, vested OW tokens.
[*]OW: The protocol's governance token.
By following these steps, you have successfully "converted" your LP position into a staking position that earns you vOW.
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