SOLX Single Token Staking is Live!
Earn incredible rewards simply by depositing your SOLX in one of the staking pools!
What is staking?
Staking is a process where you earn rewards for holding your crypto coins for a certain period in a crypto wallet.
Staking is similar to fixing your money in a high-yield fixed deposit account in a traditional bank. When you do this, the bank lends out your money to others. They then offer you a tiny portion of the interest earned. However, you will be unable to move your money during that period.
Similarly, when you stake your tokens or coins, they are locked for some time. During this period, you will be unable to sell or move them. But you’ll earn much higher returns compared to the bank interest.
How to stake SOLX
Alfprotocol developed and launched its own Staking solution that lets other Solana-based projects like SOLX launch their staking pools in a simple and secure way.
Follow these simple steps to stake your SOLX in the staking pools:
Here you can see SOLX two staking pools with different staking periods and APRs.
180 days lockup period — 110% APR
90 days lockup period — 70% APR
This means you get 110% APR if you lock up your SOLX for 180 days, and 70% APR for a 90 days lock up period.
Keep in mind, however, that this high APR isn’t unlimited:
- 180 days lockup period — 110% APR is limited at 35M SOLX
- 90 days lockup period — 70% APR is limited at 15M SOLX
Click the “Connect Wallet” button on the top right corner of the dApp.
You will see the popup with all available and compatible Solana wallets. Choose the one you have, and connect it to the dApp by approving the connection.
Click on the Stake button
Here, you will have to enter the Stake amount and confirm the transaction by clicking the Stake button.
After staking, you will see the staked balance and pending rewards:
Your pending rewards will be accumulated automatically. You will be able to claim your staked balance + all pending rewards at the end of the staking period by clicking the View button and Claim Rewards.
If you have any questions related to staking SOLX, make sure to contact email@example.com
This is your staked balance. If you haven’t staked any SOLX tokens, you will see (-).
These are your pending SOLX rewards that will become available to claim after the locked staking period.
This is how much your staked balance will increase within a year of staking.
This is the total balance of tokens you’ve staked in the pool.
This is the number of days you will have to lock your tokens. Keep in mind that you won’t be able to withdraw your tokens during this locked staking period. Tokens + pending rewards will become available after the locked staking period.
Start staking now!
Start staking now by visiting https://staking.alfprotocol.com/ to earn incredible rewards.
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