ACDX is excited to announce the launch of ACXT-ETH staking on Uniswap, a yield farming program that allows ACXT holders to earn passive incomes by providing liquidity into the ACXT-ETH liquidity pool. Uniswap is a leading decentralized crypto exchange that runs on the Ethereum blockchain. Through this staking feature, we hope to take one step closer to the DeFi market, embracing the thrive of the DeFi space.
Users can earn 2 types of passive incomes:
1. ACDX Staking Rewards
2. Uniswap Liquidity Provider Rewards
ACDX Staking Rewards
ACDX distributes pro-rata staking rewards for those who provide liquidity to ACXT/ETH pool on Uniswap. This implies that all payouts will be distributed every 30 days according to how many ACXT tokens (staked amount) and how long (days staked) they were staked while the annual percentage yield (APY) is 200%. The reward campaign pool is 300,000 ACXT capped. Keep in mind that only those who stake for at least 30 days consecutively are eligible for the rewards.
The staking rewards will be paid out to the deposit address which provides liquidity to ACXT/ETH pool on Uniswap. The distribution is on the last day of every calendar month and it is first-stake, first-served within the 300,000 ACXT reward pool.
- Minimum staked amount: 500 ACXT
- Minimum staked duration: 30 days
- Expected APY: 200%*
- Stake Pool Size: 300,000 ACXT
- Pro-rata payout = Staked Amount * 200% * (Days staked / 365)
- Payout format: ACXT
- Payout date: the last day of every calendar month
- Payout address: the deposit address which provides liquidity to ACXT/ETH pool on Uniswap
To ensure accuracy, ACDX will run the calculations every minute to confirm the staked amount and days staked.
ACXT/ETH Pool on Uniswap: https://info.uniswap.org/pair/0x3aad000940cacdf8209d9ee1173141f75a34ea5c
*At present, the APY is 200%. ACDX can change that in the future.
- You stake 800 ACXT from 25 Feb 2021 till 28 Feb 2021.
> You will NOT get the staking reward because the staked duration does not meet the minimum requirement of 30 days.
- You stake 800 ACXT from 25 Feb 2021 till 31 March 2021.
> You are eligible to get the staking reward because the staked duration exceeds the minimum requirement of 30 days.
> The reward is first-stake, first-served within the 300,000 ACXT reward pool.
> The reward is pro-rata. In this case, the amount will be “800 ACXT * 200% * (34/365)”
— — — ACXT Staking on ACDX — — —
As you know, we have had the ACXT Staking Program on ACDX. The payout APY for this program will be adjusted to 70% in the next cycle (23 Feb 2021).
If you want to enjoy a higher APY, feel free to switch to staking ACXT on Uniswap now.
Uniswap Liquidity Provider Rewards
On the other hand, Uniswap provides LP token rewards for stakers. Uniswap is an Ethereum-based decentralized exchange that allows anyone to swap ERC20 tokens. The exchange works by creating liquidity pools which balance themselves through a series of smart contracts.
Those who are willing to balance the pairs by adding coins into the pools are known as liquidity providers (LP). In return for providing liquidity to the pool, these LPs receive LP tokens for the corresponding pool they provide liquidity for.
In our case, users obtain ACXT-ETH LP tokens by providing liquidity for the ACXT/ETH liquidity pool on Uniswap. They earn a 0.3% fee on all trades proportional to their share of the pool. Fees are added to the pool, accrue in real time, and can be claimed by withdrawing your liquidity.
How to Provide Liquidity on Uniswap?
2. Click ‘Add Liquidity’
3. Enter the amount of ACXT and ETH
4. Connect to MetaMask wallet
Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
Telegram Announcements: https://t.me/ACDX_announcement