> For the complete documentation index, see [llms.txt](https://docs.singlefinance.io/home/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.singlefinance.io/home/lending-and-staking/step-by-step-guide/upgrade-to-v2-staking-vault-for-existing-lenders.md).

# Upgrade to V2 Staking Vault (for existing lenders)

### **For existing lenders who have staked their ibTokens in the vault earning SINGLE rewards.** 

Single Finance will notify users on the Lending page once V2 is ready.

1. Click the button "Upgrade to V2".

![](/files/tYVO5ySPddofYdHmnWZx)

2\. Click "Unstake from V1" and approve in wallet.

![](/files/YrXvhqBVT4j6eUxZoGV2)

3\. Approve upgrade to V2 and approve in wallet.

![](/files/12KP8yZTBjy13oFKEVHC)

4\.  Click "Stake to V2" and approve in wallet.

![](/files/PJRKgLQ0t1NgK4ss08TA)

5\. You're all set! You will find your staked ibTokens balance on the lending page.

![](/files/QQXjePEewlzqEQTfqAoZ)

### **For existing lenders who have received ibTokens but not yet staked into the vault.**

1. You can check if you have available ibTokens on the Lending page. If so, click "Deposit".

![](/files/H7ZfWyCFP2A7MG5WLWII)

2a. Click "Approve" then "Deposit & Stake" to stake the available ibTokens to the vault. 

*Click "I want to lend and stake Token directly" if you would like to lend and stake new assets to the vault (--> 2b)*

![](/files/m6uPiyc2siEmWtmzQZOf)

2b. Click "Approve" then "Deposit & Stake" to directly lend and stake new assets to the vault.

*Click "I want to lend and stake Token directly" if you would like to stake existing ibTokens to the value (--> 2a)*

![](/files/BIAozezg02eYjKxYTH6p)

3\. You're all set! You will find your staked ibTokens balance on the lending page.

![](/files/1bGTnf4wsiUYTpO1X2vL)