---
description: >-
  Users can exchange vSPC with SPC, and then they can stake their vSPC on
  SheepDex for BNB rewards. There is a 30-day lock-up period for the staked
  vSPC.
---

# SheepDex DAO Tutorial

![](https://1553772764-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn8JHpWwnpvwbzyjP1y6J%2Fuploads%2FfY2LxvQeHnDErJLs5YgG%2F1.jpg?alt=media\&token=a22a9056-83eb-4d90-8350-3614609c3fd0)

**Part one: Exchange**

**Exchange:**

Step 1: Click **Stake** to exchange the vSPC of the same amount;

Step 2: Click **Redeem** and redeem your SPC with vSPC, which will be charged a 7% fee (the fee will be burned).

![](https://1553772764-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn8JHpWwnpvwbzyjP1y6J%2Fuploads%2F9jCYY1dmhiKK9nY6ssFJ%2F2.jpg?alt=media\&token=3d93d292-1e66-4de4-97d9-abcdd99fcc0c)

**Authorization**

You need to allow SheepDex protocol to use your SPC if it’s traded on SheepDex for the first time.&#x20;

![](https://1553772764-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn8JHpWwnpvwbzyjP1y6J%2Fuploads%2FpwqBloyXh76d9WqJFauH%2F3.jpg?alt=media\&token=d129ccd2-8a87-4776-8c2f-dacad342e1c4)

**Stake**

Enter the amount of SPC that you want to exchange and click on the **Stake** button to confirm the exchange.

![](https://1553772764-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn8JHpWwnpvwbzyjP1y6J%2Fuploads%2FpOI3C7JBK9zidwjURIha%2F4.jpg?alt=media\&token=fc389c33-8bf2-4654-a1be-c28afaba2db4)

**Redeem**

Enter the amount of vSPC that you want to redeem, and click **Redeem** to confirm the exchange. The amount of SPC you’ll receive will be the amount after deducting the 7% fee.

![](https://1553772764-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn8JHpWwnpvwbzyjP1y6J%2Fuploads%2FVOJWtJvuCnyuDtS8IETj%2F5.jpg?alt=media\&token=2c35402e-09b1-4c60-b06a-67cf8457dc36)

**Part Two: Deposit  vSPC:**

**How to Stake/ Deposit Your vSPC:**

Click the **Operation** button to get the transaction fee rewards through staking vSPC (which can be locked up for 30 days, and redeemed on maturity). You will earn fees based on your share of the pool, which is similar to liquidity provisioning (LP).&#x20;

![](https://1553772764-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn8JHpWwnpvwbzyjP1y6J%2Fuploads%2FQ66LThEKX3QisF3CkYmI%2F6.jpg?alt=media\&token=a3a414be-988c-450a-b074-38da1ceba375)

**Authorization**

Allow ShepDex protocol to use your vSPC if it’s traded on SheepDex for the first time.&#x20;

![](https://1553772764-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn8JHpWwnpvwbzyjP1y6J%2Fuploads%2FrQoi74LmmA6ViO9NzOik%2F7.jpg?alt=media\&token=0a921467-b836-4a0e-bc11-3a9b8b5e06e1)

**Stake**

Enter the amount of vSPC and click the **Skate** button below. After staking, it will be locked up for 30 days, which cannot be withdrawn until maturity.

![](https://1553772764-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn8JHpWwnpvwbzyjP1y6J%2Fuploads%2FKlEgHsuNtuAr1tQsF8KF%2F8.jpg?alt=media\&token=33694785-3bf2-4aef-a270-966b18dddc73)

**Withdraw your vSPC**

Enter the amount of vSPC that you want to withdraw by clicking the **Withdraw** button below after the lock-up period.&#x20;

![](https://1553772764-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn8JHpWwnpvwbzyjP1y6J%2Fuploads%2FqS9dRmVawVmckgOZmc8E%2F9.jpg?alt=media\&token=b34fdb69-0aee-4ce1-b517-a980270532ca)

**How to claim your rewards:**&#x20;

Your rewards will be shown here. You can click **Claim** for it.&#x20;

![](https://1553772764-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn8JHpWwnpvwbzyjP1y6J%2Fuploads%2Fn1HF2j7RVOqMlFiR469M%2F10.jpg?alt=media\&token=abd14a8e-bc05-4cc6-845a-7fd81d5f3fba)

**How to stake more vSPC:**

Your lock-up period will be extended if you wish to stake more vSPC.

\


**How to calculate the unlocked time?**

Unlocked Block = Current Block + the amount of Current Unlocked Block \* (Original Amount / Total Amount) + Lock-up Period \* (Amount Added / Total Amount)

\


**Remarks:**&#x20;

Original Amount = the original amount of vSPC;

Total Amount = the original amount of vSPC + the amount of vSPC added;

Lock-up period = 30-day blocks = 88600.&#x20;

