🪐Staking
Staking is live at xBlast Finance , mobile version available soon.
Staking within the xBlast ecosystem is a robust mechanism enabling users to leverage their XBL tokens and earn additional XBL plus wXBL.
Stake XBL Tokens:
Staking involves locking a certain amount of XBL tokens, signifying your commitment to holding and expanding your XBL holdings over a specific period.
Earning XBL + wXBL Rewards:
By staking your XBL tokens, you become eligible to earn XBL rewards plus wXBL bonuses, receiving additional tokens as a reward for maintaining your existing XBL assets.
Staking Elements:
These are the elements you should be informed:
Duration: The amount of time required for your stakes.
APR: Fixed Annual Percentage Rates (APRs) for each staking pool.
Bonus: Additional wXBL rewards for each staking pool.
Penalty Fees: The amount of interest lost for unstaking before the duration time met. You need to keep your XBL staked throughout the entire duration to avoid these fees.
Capacity: The limited total amount of XBL in each staking pool.
Staking details:
The duration you choose to stake your XBL tokens directly influences the reward rates you'll receive.
| Staking Pool (Duration) | APR | Bonus (wXBL) | Penalty Fees | Capacity |
|---|---|---|---|---|
0 day | 4.8% | 0 | 0 | Unlimited |
7 days | 7.2% | 20 | 15% | Unlimited |
30 days | 12.9% | 100 | 25% | Unlimited |
60 days (min 5 XBL) | 19.4% | 400 | 40% | 10,000 XBL |
Opting for longer staking periods offers higher APRs, incentivizing users to commit to holding their XBL tokens for extended durations.
Flexibility in Staking Durations:
Users have the flexibility to select the staking duration that aligns best with their preferences and strategy. Whether opting for short-term gains or pursuing a longer-term approach, the xBlast ecosystem accommodates various timeframes.
You have the option to claim your XBL rewards before the staking duration concludes. However, for the initially staked funds, you must wait until the designated period has elapsed before claiming them. This flexibility allows for timely access to rewards while ensuring the integrity of the staking process.
Staking in the xBlast ecosystem is a strategic approach to maximize the potential growth of your XBL holdings. By staking for specific durations, you're able to earn XBL rewards at competitive rates, empowering users to actively participate in the growth of their XBL assets and enhance their overall experience within the xBlast ecosystem.
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