XEX Labs
  • 👋Welcome to XEX Labs!
  • ⁉️FAQ
  • XEX Labs
    • 🌀What are we Building?
    • 🗺️What is the Roadmap for XEX Labs?
  • XEX TOKEN
    • ⏳What is XEX?
    • 🎮What is the Purpose of XEX?
    • 🛠️How does XEX Work?
      • Minting
      • Claiming
      • Staking
      • Glossary
    • 💸How Can I Earn with XEX?
  • XEXADON NFT
    • 🦕What are Xexadons?
    • 🥩Can I Stake my Xexadon?
  • ELX Token
    • 💧What is ELX?
  • Dr. Emit's Machines
    • 💓Accumulator
  • XEX COMMUNITY
    • 🏆Leveling System
    • 📚Glossary
    • 🇸🇴Social Media Links
    • 🎨Branding Kit
  • GUIDES
    • 📔How Do I Mint XEX?
    • 🌉How do I Bridge XEX tokens or a Xexadon NFT?
  • RESOURCES
    • 🔗Official Links
    • 💼Contract Addresses
    • ⛓️Chain Information
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  1. XEX TOKEN
  2. How does XEX Work?

Staking

Details regarding the formula for staking XEX:

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Last updated 1 year ago

The amount of XEX created from 'staking' is based on non-compounding APY and is calculated using the formula below:

Internally, the smart contract will burn staked XEX (i.e. remove them from the total supply permanently) in order to reduce the total supply of XEX tokens, recording the debt to the original stakeholder. Each smart contract will re-mint the original staked XEX tokens together with the extra rewards as newly minted, if the staker reaches and claims on their term date.

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