Staking & Vesting
Staking GRIX and receiving veGRIX
Last updated
Staking GRIX and receiving veGRIX
Last updated
Compound & Claim
Staking GRIX
GRIX tokens can be staked by holders to earn rewards. When you stake GRIX or esGRIX, you receive stakers fees from the fee pool and esGRIX rewards based on the total amount of stakers in the protocol.
Holders can stake their GRIX tokens through the user interface. This action deposits the GRIX token to the staking smart contract and mints esGRIX.
Compounding will stake your esGRIX automatically and increase the amount of rewards you receive from staking.
Claiming will transfer earned esGRIX rewards to your wallet, which you can then choose to stake or vest.
esGRIX is an additional reward incentive designed to benefit holders and platform traders, fostering active participation and protocol growth. The emission of staking rewards is determined and updated through governance proposals, ensuring adaptability to the protocol's evolving needs.
To convert esGRIX into GRIX tokens, a vesting mechanism is implemented. This process requires locking esGRIX alongside an equivalent amount of GRIX for the vesting duration. During this period, the locked tokens are reserved, and once the vesting period is complete, the esGRIX is fully converted into GRIX tokens.
If you choose to withdraw before the vesting period ends, you won't receive all the GRIX tokens, and any unclaimed GRIX/esGRIX will be lost. This mechanism incentivizes long-term commitment to the protocol while ensuring that rewards are distributed sustainably.
