Exorium Guide
  • 🟢Introduction
  • âš«Architecture
  • 🟢Governance Model
    • Treasury & Resource Allocation
    • Benefits of Decentralized Governance
    • Future Governance Enhancements
  • âš«Validator
  • 🟢Tokenomics
    • Utility & Use Cases
    • Staking & Reward Mechanisms
    • Sustainability & Growth
  • Getting Started
    • âš«Getting Started
    • 🟢Setup Exorium Network
    • âš«Consensus Engine
    • 🟢Genesis File
      • Example of a Minimal Genesis File
      • Maintenance & Version Control
    • âš«Contributing
    • 🟢Smart Contract
    • âš«ERC721
  • 🟢Roadmap
  • Staking Guide
    • Formula for APY
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Staking Guide

Exorium Staking Platform Documentation

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Last updated 2 months ago

Welcome to the Exorium Staking Platform, a user-friendly solution designed for staking your EXR tokens with flexibility, transparency, and rewarding participation. This documentation provides an in-depth guide to using the platform effectively.

Overview

The Exorium Staking Platform enables users to stake their EXR tokens seamlessly, earn rewards, and retain flexibility in managing their assets. The platform offers no lock-in periods, dynamic APY (Annual Percentage Yield), and minimal penalty fees for early withdrawals.

Key Features

  1. No Lock-In Period: Unstake or withdraw at any time with flexibility.

  2. Minimal Penalty Fees: Early unstaking within 24 hours incurs a 0.1% fee.

  3. Dynamic APY: Transparent and updated reward rates based on staking activity.

  4. Seamless Integration: Supports ERC20 network, with compatibility for popular wallets like MetaMask and WalletConnect.

  5. Real-Time Staking Details: Live updates on staking progress, rewards, and participation.

How to Stake EXR Tokens

Step 1: Access the Platform

  • Visit the official staking platform using a DApp-enabled wallet: https://stake.exodex.net

Step 2: Connect Your Wallet

  • Click the "Connect Wallet" button.

  • Choose your preferred wallet (MetaMask or WalletConnect) and approve the connection.

Step 3: Enter the Amount to Stake

  • In the "Stake NOW" field, input the amount of EXR tokens you want to stake. Ensure you select the correct network (ERC20).

Step 4: Approve and Stake

  • Click "Approve" to authorize the staking transaction.

  • After approval, a new button labeled "STAKE NOW" will appear. Click it to finalize your staking.

Step 5: View Staking Details

  • Once staked, your participation details will be displayed on the platform, including:

    • Total EXR Staked

    • APY (Dynamic)

    • Rewards Earned

    • Penalty Time (if applicable)

Understanding the Interface

  1. Balance: Displays the total EXR tokens available in your wallet for staking.

  2. Penalty Unstake: Explains the penalty condition (0.1% fee for unstaking within 24 hours).

  3. Early Unstake Fee: Shows the exact penalty fee for unstaking early.

  4. Your Staked: Indicates the amount of EXR tokens you have staked.

  5. APY: Displays the current annual percentage yield.

  6. Total EXR Staked: Shows the total amount of EXR tokens staked on the platform by all participants.

  7. Penalty Time: Countdown timer indicating the remaining time in the penalty period (24 hours).

  8. Your EXR Rewards: Displays the rewards you’ve earned so far from staking.

Important Notes

  1. Penalty Fees:

    • Early unstaking (within 24 hours) incurs a 0.1% penalty of the staked amount.

    • No penalty applies for unstaking after the 24-hour period.

  2. No Tax on Staking:

    • The amount you stake remains intact. For example, staking 100 EXR means exactly 100 EXR will be counted.

  3. Dynamic APY:

    • The APY rate adjusts dynamically based on staking activity, ensuring fair distribution of rewards.

  4. Gas Fees:

    • Ensure sufficient ETH is available in your wallet for gas fees when staking or withdrawing on the ERC20 network.

Why Choose Exorium Staking?

  • Flexibility: No lock-in periods, enabling you to unstake at any time.

  • Transparency: Clear display of rewards, penalties, and staking details.

  • Fair Fees: Minimal penalties for early withdrawals.

  • Dynamic Rewards: APY adjusts based on participation to ensure fairness.

Frequently Asked Questions (FAQ)

Q1: Is there a minimum staking amount?

  • No, you can stake any amount of EXR tokens available in your wallet.

Q2: What happens if I unstake within 24 hours?

  • A 0.1% penalty will be applied to the total amount staked.

Q3: How do I claim my rewards?

  • Click the "Claim Rewards" button, confirm the transaction in your wallet, and your rewards will be transferred.

Q4: Can I stake multiple times?

  • Yes, you can stake additional amounts at any time. Each staking action will be tracked separately.

Q5: Are my rewards affected by early unstaking?

  • No, your rewards are unaffected by early unstaking, but the penalty applies to the staked amount.

Formula for APY