Stake XEN
Automatic Compound Staking of XEN
Staking XEN tokens is one of the core features of the XENBOX project, allowing users to stake their XEN tokens in the XENBOX smart contract to earn staking rewards in XEN tokens.
XENBOX Staking vs. Official XEN Staking
APY
Consistent with the XEN smart contract
Determined by the XEN smart contract
Compound Staking
Yes
No
Early Withdrawal Penalty
No penalty, retains all rewards during the staking period
Loses all rewards during the staking period
Adjustment of Staked Amount
Unlimited, can be increased at any time
Can stake only once, adjustments require unlocking first
Staking Process
Users can stake their XEN tokens by interacting with the XENBOX smart contract directly or through the user interface provided by XENBOX. This enables users to stake at any time without restrictions or conditions.
The XENBOX staking contract periodically stakes all users' XEN tokens collectively in the XEN smart contract. This process saves users gas fees, increases staking returns, provides staking flexibility, and ensures staking security. The XENBOX staking contract stakes and unlocks XEN tokens every day, compounding to continuously grow users' principal and returns.
Withdrawal Process
Users can apply to withdraw their XEN tokens to initiate the withdrawal process. Users can initiate withdrawal at any time without restrictions or conditions. The user can retrieve XEN tokens after the next staking period following the withdrawal application.
Project Revenue
A 5% fee on the staking profit is charged each time a user applies to withdraw XEN tokens. This fee is collected as part of the operational and maintenance costs of the XENBOX project. The fee is automatically deducted by the XENBOX staking contract, and users do not need to pay any additional fees.
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