SOLX Single Token Staking is Live!

Earn incredible rewards simply by depositing your SOLX in one of the staking pools!

It was an eventful month for us. Following the successful release of our Swap and Pools devnet on April 4th, we are glad to announce that it’s time to launch staking for SOLX holders!

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:

Step 1

Visit https://staking.alfprotocol.com/

Here you can see SOLX two staking pools with different staking periods and APRs.

You have:

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

Step 2

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.

Step 3

Click on the Stake button

Here, you will have to enter the Stake amount and confirm the transaction by clicking the Stake button.

Note

If you don’t have any SOLX tokens in your wallet, you won’t see a Stake button! You can send SOLX to your wallet through exchanges like Atrix, Hoo, and MEXC Global.

Step 4

Collect rewards

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 info@soldex.ai

Terminology explained

Staked

This is your staked balance. If you haven’t staked any SOLX tokens, you will see (-).

Pending rewards

These are your pending SOLX rewards that will become available to claim after the locked staking period.

APR

This is how much your staked balance will increase within a year of staking.

Total Staked

This is the total balance of tokens you’ve staked in the pool.

Stake Period

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.

About Soldex

Soldex is the fastest, easiest, and most user-friendly third-generation DEX being built on Solana.

Working on all market conditions, 24/7, with emotionless machine-learning and neural network algorithms, Soldex is the next step in DeFi evolution.

Soldex will resolve the issues faced by order-matching centralized exchanges and trustless custody within current decentralized exchanges.

For more information on Soldex, please visit our website. You can also follow us on Twitter, Facebook, Telegram, or Medium.