Staking $PPX
Staking $PPX tokens allows holders to earn passive rewards while contributing to the stability and security of the Prophex ecosystem. Stakers benefit from multiple revenue streams generated by protocol activity.
Staking Mechanics
• Lock $PPX tokens in staking vaults for a chosen duration (flexible, Withdrawal lock for 7 days, 6 months, or 12 months). • Earn rewards from a portion of protocol trading fees distributed proportionally to stakers. • Longer lock-ups receive higher APY and bonus multipliers. • Early unstaking incurs a penalty fee, which is redistributed to remaining stakers.
Staking Benefits
• Passive income: Earn from protocol trading fees and activity. • Tier benefits: Unlock higher leverage, voting rights, Points multiplier and fee discounts. • Flexible options: Choose your lock-up duration based on your strategy. • Aligned incentives: Long-term stakers receive greater rewards and platform advantages.
Reward Sources
• Trading Fees: A percentage of all trading fees on Prophex markets is allocated to the staking rewards pool. • Market Creation Fees: Processing fees from denied market proposals contribute to staker rewards. • Early Unstaking Penalties: Fees collected from users who unstake before their lock period ends. • Protocol Revenue Share: As the protocol grows, additional revenue mechanisms may be directed to staking rewards.
Staking Tiers & Benefits
Staking amount and duration determine tier status, unlocking additional platform benefits:
Bronze
1,000
1.5×
Base staking rewards, Points programweightage.
Silver
10,000
2×
Enhanced rewards, reduced trading fees (10% discount)
Gold
50,000
3×
Premium rewards, dispute voting, priority support, fee discount (25%)
Platinum
250,000
5×
Maximum rewards, governance participation, exclusive markets, fee discount (40%)
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