# Staked KLAY Leverage

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This investment strategy can be proceeded on **KLAYTN** network
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## Leverage Staked KLAY rewards

Staking rewards for KLAY with SwapScanner’s GCKLAY token is currently at 6\~7% APY. Users can leverage staked KLAY rewards as below:

**1️⃣** Deposit GCKLAY <img src="https://content.gitbook.com/content/fBmjAYeWWSAQQ1kv1IIx/blobs/QpsCFieKqgCAiQ0MsBiQ/image.png" alt="" data-size="line"> on Shoebill V2

**2️⃣** Borrow KLAY <img src="https://content.gitbook.com/content/fBmjAYeWWSAQQ1kv1IIx/blobs/YwVxMkqFskfKTZLkj9aJ/image.png" alt="" data-size="line">&#x20;

**3️⃣**Deposit KLAY on SwapScanner and exchange to GCKLAY

**4️⃣**Deposit GCKLAY to Shoebill V2 again

**5️⃣**Repeat the other process

**Users can leverage for higher APY with low liquidation risk**

## How does Shoebill returns staking rewards cumulated to GCKLAY?

GCKLAY is rebase token of which the quantity increases based on the value comparing to KLAY. Shoebill V2 calculates this increased quantity and returns it to the depositors.

## Where can I get GCKLAY?

[**Acquiring GCKLAY on SwapScanner**](https://swapscanner.io/ko/staking)


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