🔓Staking
IX Swap’s new staking program is on Polygon and is accessible through the https://ixswap.defiterm.io/ portal.
Staking Pool Overview
Single-Sided Staking
Network: Polygon (MATIC)
Token Name: WIXS
Four new staking pools with different staking periods (Tenor), which are indicated in months, that our users can choose from. The total number of tokens that can be deposited (Token Limit) for each pool varies and once that limit is reached, users will not be able to stake additional tokens to that pool.
Staking Participation
The staking pools are based on a bonding curve where the earlier you stake, the greater the rewards you will be given per block until the staking pool reaches max capacity. The rewards are calculated per block and depend on the amount staked.
Those who wish to participate in the staking program will be accommodated on a first-come-first-served basis, and subject to a personal token cap (Max Contribution) on the amount of tokens that each wallet can deposit for each pool.
Users can participate in any staking pool anytime throughout its whole staking period, provided it is not filled yet. However, it is important to note that once a user deposited their tokens to a staking pool, they cannot exit the pool until the end of its corresponding staking duration.
This is to prevent people from exploiting the staking pools with longer terms and higher yields by participating for a short period of time and exiting prematurely, which can siphon additional rewards from genuine participants.
For more information on our current staking pools please visit our blog post via the link below:
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