Staking consists of depositing your Xpool tokens within the protocol Safety Module. The purpose of staking is to mitigate losses in case of a shortfall event. As an incentive for this service Safety Module stakers will receive Safety Incentives.
What is the incentive for staking?
We have different initial SI rewards in 6 pools: Lock 20/80 (XPO, LP XPO/BNB, LP XPO/BUSD) and No lock (XPO, LP XPO/BNB, LP XPO/BUSD). These parameters will be announced soon
In the case of a late or no vote on a new SI allocation plan, the current allocation will continue until a vote or until the Xpool Reserve is empty.
How do I start staking?
To stake you can head over to the Xpool Staking section. Over the staking section select 'stake', input the amount to stake and click on 'stake'. Then proceed to send 2 transactions to stake your XPO:
1. Approve: This is a required transaction prior to the staking that allows the staking contract to move your tokens. This transaction won't be required if you perform additional staking actions unless you revoke the approval.
2. Stake XPO/LP token: This transaction performs the action to stake XPO tokens. When confirmed, your tokens will be staked in the Safety Module.
For more information about the step-by-step intruction:
If you want to stop staking, head over to the Staking section.
-Activate the cooldown. When the cooldown period finishes (10 days), you will be able to unstake by following the next step.
- Unstake XPO: This transaction performs the action to unstake XPO tokens. When confirmed, your XPO tokens will be back in your wallet.
*After the cooldown period passes, there is a 2 day window to unstake! If you do not unstake during that period you will need to activate the cooldown again.
What is the cooldown period?
The cooldown period is the time required prior to unstaking your tokens. You must start the cooldown period before you can unstake your tokens. You can start the cooldown period by going to the staking section, select 'unstake' and click on 'start cooldown'. It will require one transaction to be sent. The cooldown period by default is 10 days, but this can be further extended by the governance.
IMPORTANT: After the cooldown period is complete, you have a 2 day window where you can unstake. If you do not unstake during that period, you will have to start the cooldown process over again.
If the cooldown period was activated 10 days and 2 hours ago, you can unstake!
If the cooldown period was activated 12 days and 1 hours ago, you can not unstake, and you will need to start the 10 day cooldown period again
Can I stake more XPO/ LP token while in cooldown period?
You can stake more XPO tokens/ LP tokens in the Safety Module or receive reward from staking XPO, but that would increase your cooldown period based on the amount received. Even if the amount received is big enough, it will reset your cooldown period requiring you to activate it again before you can unstake.
How do I claim my rewards?
You can claim your rewards at any time over the staking section by clicking on "Claim". The XPO tokens from the reward will be in your connected wallet as soon as the transaction is confirmed.
For 80/20 locked pools, each time you claim the available XPO reward received from Xpool to your wallet, the amount of locked token will be transferred to the [Lock Reward Management] section.
After claiming the reward process, all of the statistics displayed on [Reward XPO] (including Available and Lock) will be reseted to zero.
In Lock Reward management, you can see total lock reward. Click [Detail], you can check and manage statistics related to the amount of lock reward XPO each time you harvested as well as time for claiming all those.