How to Check Staking Status
1. Reopen the official Lorenzo portal at https://app.lorenzo-protocol.xyz/home and connect your wallet that you have used for staking.
2. Find the menu that says "My Stakes" or "Staking History" (usually found on your home page or profile).
3. There, you will see the details of your staking: the amount of BTC deposited, the remaining duration of staking, the type of stBTC/YAT tokens received, and the estimated returns to be earned.
4. Sometimes there is also a transaction history related to staking, such as the deposit time and block confirmation.
How to Claim Staking Yields (YAT)
1. Wait until your staking plan reaches maturity (check "My Stakes" for the date).
2. Still on the same portal, open the "My Stakes" menu and look for the "Claim Yield" or "Redeem" option in the staking that has ended.
3. Click the option, enter the amount of YAT you want to claim (usually all will be automatically filled), and then confirm the transaction in your wallet.
4. After the transaction is confirmed, YAT will be credited to your wallet. If you want to convert it back to BTC, you can burn stBTC and YAT simultaneously through the "Redeem" menu to get the original BTC back.
Additional Notes
- Transaction Fee: There is a network fee (gas fee) when claiming or redeeming, so make sure your wallet has a little asset for this fee (e.g., BNB if using the BNB Chain).
- Redemption Time: When burning stBTC and YAT to obtain BTC, the process may take several minutes to hours, depending on confirmations on the Bitcoin chain.
