# 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://content.gitbook.com/content/aAlRlWS1FT6wXbYQUvQa/blobs/9LIa3LFx3N2vfxIzk3rL/1-clickUpgradeV2.png)

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

![](https://content.gitbook.com/content/aAlRlWS1FT6wXbYQUvQa/blobs/kzWUUAJTZ4ciYDOqDfCz/2-unstakeV1.png)

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

![](https://content.gitbook.com/content/aAlRlWS1FT6wXbYQUvQa/blobs/dOtrlXHKadWEY4DfV0gc/3-approveV2.png)

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

![](https://content.gitbook.com/content/aAlRlWS1FT6wXbYQUvQa/blobs/7OUrIVUmkvl2TAgq7Ptc/4-stakeV2.png)

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

![](https://content.gitbook.com/content/aAlRlWS1FT6wXbYQUvQa/blobs/myAiFaukWb6KbgPVvaDJ/4-done.png)

### **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://content.gitbook.com/content/aAlRlWS1FT6wXbYQUvQa/blobs/kzfy1Wid6osBS8Jj3mKm/1-choosePool.png)

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://content.gitbook.com/content/aAlRlWS1FT6wXbYQUvQa/blobs/OSRB9NIMryupK37H8aGN/3-deposit\&stake.png)

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://content.gitbook.com/content/aAlRlWS1FT6wXbYQUvQa/blobs/309Lo2MvD6AFzsiT2MlR/2-chooseStakeDirectly.png)

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

![](https://content.gitbook.com/content/aAlRlWS1FT6wXbYQUvQa/blobs/DDKjGE24td9bjGUsPRDR/4-done.png)