# 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".

![](https://2473260092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F92xVkf5NcTn8j4qxYqJa%2Fuploads%2FwDcJMi39itcjn92zBrwi%2F1-clickUpgradeV2.png?alt=media\&token=6bf9a6e8-1456-4695-b1bb-58a712f22daa)

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

![](https://2473260092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F92xVkf5NcTn8j4qxYqJa%2Fuploads%2FUzAwac4fBEyJMlVxdu1i%2F2-unstakeV1.png?alt=media\&token=0320e6c6-8014-4445-b896-04a4c66536f5)

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

![](https://2473260092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F92xVkf5NcTn8j4qxYqJa%2Fuploads%2F8poea4DsJHWiTp6HNSbt%2F3-approveV2.png?alt=media\&token=fa575ed4-01c5-467d-b24e-5ad8f374f2d1)

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

![](https://2473260092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F92xVkf5NcTn8j4qxYqJa%2Fuploads%2FUIfKkOPHfgFSlvzrc4Mw%2F4-stakeV2.png?alt=media\&token=fafee9c3-2c12-48ea-be45-a32267e6a20b)

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

![](https://2473260092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F92xVkf5NcTn8j4qxYqJa%2Fuploads%2F1N9nGvXWDQSoiJhEQJSk%2F4-done.png?alt=media\&token=d27c8359-a26f-46ed-90e1-9a3ee4d02f84)

### **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".

![](https://2473260092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F92xVkf5NcTn8j4qxYqJa%2Fuploads%2FNAfOKV4tbipQIeue3SOJ%2F1-choosePool.png?alt=media\&token=7a267a74-4018-4929-9f20-101c5d9b04b7)

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)*

![](https://2473260092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F92xVkf5NcTn8j4qxYqJa%2Fuploads%2FUWQE3azNHPPNe0gz9ddI%2F3-deposit%26stake.png?alt=media\&token=0ec33438-635b-4754-9709-422d72662cfa)

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)*

![](https://2473260092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F92xVkf5NcTn8j4qxYqJa%2Fuploads%2FvtClJd2VEM4VBNBI4WkP%2F2-chooseStakeDirectly.png?alt=media\&token=06ec6497-4fc7-444b-9863-ba57acc9f004)

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

![](https://2473260092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F92xVkf5NcTn8j4qxYqJa%2Fuploads%2FwxCb43Gpomrt45CQOaFm%2F4-done.png?alt=media\&token=41c1ebbd-54bf-481b-889c-794a840a7d9f)