BLXM Staking — HOWTO
BLXM Single sided staking is now live and the team is proud to present the next feature of our growing BLXM Investor Portal. Staking comes as an addition to our recently launched Liquidity providing program and offers our community another DeFi service.
Same as the LP program, staking will also be launched with a flexible reward scheme and the users will have the opportunity to choose between different locking periods and thus different reward rates. Here is an overview of the current locking options:
- Locking period: 30 days, Reward factor: 1
- Locking period: 90 days, Reward factor: 1.3
i.e. 30% more reward than the same amount of tokens locked for 30 days.
- Locking period: 180 days; Reward factor: 1.69 (1.3*1.3)
i.e. 69% more reward than the same amount of tokens locked for 30 days.
- Locking period: 360 days, Reward factor: 2.197 (1.3*1.3*1.3)
i.e. 120% more reward than the same amount of tokens locked for 30 days.
- Navigate to the BLXM Investor Portal: https://blxm.bloxmove.net/
- Choose “Staking” and connect your wallet using the button on the bottom of the page
3. Enter the amount of BLXM you would like to provide to the staking program. Note that you only need to provide BLXM unlike our LP program.
4. Choose your locking period: 30 days, 90 days, 180 days or 360 days. You will see the corresponding and updated APR when choosing a period.
5. To complete the process, click “Provide Staking”. An overview of your transaction will appear and you will need to confirm the transaction in your wallet.
6. To get an overview or to manage and retrieve your provided tokens go to “Manage Liquidity” at the top of the page.
Please note that it is possible to retrieve your tokens early and abort staking your tokens without any cooling-off period but that you will only receive the rewarded tokens if you finish the chosen locking period.
In case of any problems or questions reach out to our team on Telegram.