Sierra
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Stake your SRA (⛰️, ⛰️)
Staking allows you to earn SRA passively via auto-compounding. By staking your SRA with Sierra, you receive PEAK (staked SRA) in return at a 1:1 ratio. After that, your PEAK balance will increase automatically on every epoch (8 hours) based on the current APY.
The PEAK address on Avalanche is Coming Soon.

How to Buy SRA

  1. 1.
    SRA is launching December 22, but this is how it works.
  2. 2.
    Make sure the output currency is SRA. You can also copy and paste SRA contract address in the output currency field to ensure you are swapping the right token. The SRA token address on Avalanche is Coming Soon.
  3. 3.
    You can select any input currency based on your available wallet balance. We reccomend AVAX-SRA pair for the deepest liquidity!
  4. 4.
    Select the amount of SRA you want to swap for. Then click "Approve" and sign the transaction.
  5. 5.
    After the "Approve" transaction has been processed successfully, click "Swap" and sign the transaction.
  6. 6.
    You should see SRA in your wallet balance now after the swap transaction is successful. If you cannot find it in your wallet, add SRA contract address to your wallet.
Note: The "Approve" transaction is only needed when you swap SRA for the first time; subsequent swapping only requires you to perform the "Swap" transaction.

How to Stake

  1. 1.
    Go to the Stake page of the Sierra website. Select the "Stake" tab.
  2. 2.
    Enter the amount of SRA that you would like to stake in the input field. If you would like to stake all your SRA, press the "Max" button and the input field will be populated with all your available SRA balance.
  3. 3.
    Click "Approve" and sign the transaction.
  4. 4.
    After the "Approve" transaction has been processed successfully, click "Stake" and sign the transaction. Voila, you have staked your SRA!

How to Unstake

  1. 1.
    Go to the Stake page of the Sierra website. Select the "Unstake" tab.
  2. 2.
    Enter the amount of PEAK that you would like to unstake in the input field. If you would like to unstake all your PEAK, press the "Max" button and the input field will be populated with all your available PEAK balance.
  3. 3.
    Click "Approve" and sign the transaction.
  4. 4.
    After the "Approve" transaction has been processed successfully, click "Unstake" and sign the transaction.
Note: The "Approve" transaction is only needed when staking/unstaking for the first time; subsequent staking/unstaking only requires you to perform the "Stake" or "Unstake" transaction.

Reading the Info

  • APY tells you the annualized rate of return based on the reward yield. It takes into account the effect of compounding since PEAK rebases exponentially.
  • TVL measures the dollar amount of all the staked SRA in Sierra.
  • Current Index allows you to track your gain from staking. The index started from 1 at epoch 0, and increases every epoch. If you staked at genesis (epoch 0) and never unstaked any SRA, your balance today would be X times greater, where X is the current index. You can use the index to track your position by marking down the index number when you stake and unstake. You divide the index number when you unstake by the index number when you stake to get the ratio by which your PEAK balance has increased.
  • Your Balance tells you how many unstaked SRA are in your wallet. This is the maximum amount that you can stake.
  • Your Staked Balance tells you how many staked SRA are in your wallet. This is the maximum amount that you can unstake.
  • Next Reward Amount tells you how much PEAK you are getting next rebase,
  • Next Reward Yield tells you how much your PEAK balance will increase when the next epoch begins. For example, if you stake 100 SRA and the upcoming rebase is 0.5427%, your PEAK balance would increase from 100 to 100.5427.
  • ROI (5-Day Rate) estimates how much your PEAK balance will increase after 5 days, if the reward yield stays the same during this period. For example, if you stake 100 SRA and the rate is 8.4577%, your PEAK balance would increase from 100 to 108.4577 after 5 days.
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On this page
How to Buy SRA
How to Stake
How to Unstake
Reading the Info