How to Use Caviar

Using Caviar: Step-by-Step Guide

  1. Make sure you are on the Caviar page.

  2. Click on “Connect Wallet” and select your preferred wallet.

    1. In this demonstration, Metamask is selected. Note that using other wallets might result in different prompts in your wallet.

  3. Confirm the connection in Metamask.

  4. As Caviar is a liquid wrapper for vePEARL, it simplifies the process of managing vePEARL locks and voting by giving out the generated yield in a simple way. By staking CVR, users get back USTB rewards distributed by block. You can acquire CVR in 3 ways:

    1. Buy CVR with any token as you would normally do on Pearl. This just incurs in the standard swap fee.

    2. Mint CVR with PEARL at 1:1 rate.

    3. Mint CVR with vePEARL. This converts illiquid, locked vePEARL positions into a liquid ERC-20 token, incurring a dynamic conversion fee influenced by the CAVIAR - PEARL pool liquidity.

  5. After acquiring some CVR, you can now click on “Stake” under “Caviar wallet balance” to start earning USTB rewards. Input the amount of CVR you wish to stake, approve the token spending and execute the transaction.

  6. Your CVR is now staked. You can collect USTB rewards at any time by clicking on “Claim”.

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