How to Earn EOS by Using REX

Everstake
Everstake
May 10 · 4 min read

In August 2018 the EOS community was shaken up by Dan Larimer’s “Proposal for EOS Resource Renting & Rent Distribution” whose main proposal was to launch the Resource Exchange (REX). The idea behind REX was to create an efficient market for EOS holders to lend and borrow resources, thus, solving the problem that existed on the platform at the time. Lenders get to convert their EOS and make stable profit out of it while developers who require resources can borrow them paying a relatively small fee.

On May 2, REX went live and Everstake is pleased to present our simple and convernient interface to help you loan your EOS and make passive income with minimum effort required.

How REX Works

REX delivers an opportunity to gain passive income by lending resources. It works in a very simple way: token holders lend either their liquid or staked EOS while dApp developers borrow them to ensure they have enough resources for their application to work. As a result EOS holders receive income by doing nothing and dapp developers get almost free access to unlimited resources.

At the moment there are 3 ways you can interact with REX:

  1. Lending liquid EOS
  2. Lending staked EOS
  3. Borrowing CPU and NET

This article focuses on the token holder’s side of experience of using REX and describes only first 2 options.

Lending Liquid EOS

Go to https://rex.atticlab.net and log in using Scatter or any preferred wallet.

In the input area browser demonstrates how many tokens can be lent. By default it shows 100% of all liquid assets you have at the moment but you are free to enter whatever amount you want, or use the buttons below to choose a percentage of your EOS to lend.

NOTE: If you are not currently voting for 21 BPs or proxying your vote, https://rex.atticlab.net will automatically proxy your account to https://eosflare.io/account/rexpartnerss to allow your account to use REX.

Accept the terms by clicking Allow and that’s it.

You will see a success message which means that your EOS started generating income.

Lending Staked EOS

This option allows you to loan your staked EOS by lending staked CPU and NET directly to REX and you don’t have to wait 3 days to unstake. Note: to start lending you need to have at least 2 EOS staked for CPU and 0.2 EOS staked for NET.

Go to Stake CPU/NET tab of your wallet and stake your resources to the account you use on REX.

Note: CPU and NET resources are delegated cumulatively.

REX Economics. So, How much Can I Make?

One of the big questions lenders have is: how much profit can you make through lending?

Let’s see, generated income from the REX POOL is proportionally divided between REX token holders.

Let’s assume that:

Total Lendable — 40 000 000 EOS

Total Borrowed — 300 000 EOS

Total Interest: 20 000 EOS during last 24 hours.

Personal Stake — 1 000 000 EOS.

Personal revenue calculation PS/TL = 1/40 or 2,5% from total commission’s pool.

Daily income = Total interest*my pool share or 20 000 * 2,5% = 500 EOS

In other words, 2,5% of Total funds in Lendable Fund grants 2,5% from all profits generated during 24 hours. However, the amount of profit generated by the REX pool daily can differ.

Summary

REX statistics illustrates at the moment that REX Supply exceeds Demand and as predicted the price of resources is extremely low. At the moment 1 EOS can borrow 2,824.6124 EOS for 30 days. However, as more time passes by the situation may change dramatically.

For now, it’s an easy way to generate passive income for EOS holders and a cheap resources fund for the community.

If you have any questions or suggestions related to our service, you can contact us using the links below:

Website: https://everstake.one

E-mail: inbox@everstake.one

Telegram: https://t.me/everstake_chat

Reddit: https://www.reddit.com/r/Everstake/

Everstake

Everstake is a leading staking service platform providing secure and reliable solutions to token holders and institutional investors looking to profit off their digital assets. With the running top Validators on the PoS and DPoS markets, Everstake became trusted technical partne

Everstake

Written by

Everstake

We create a universal staking platform that is economically feasible and analytically transparent. https://everstake.one

Everstake

Everstake

Everstake is a leading staking service platform providing secure and reliable solutions to token holders and institutional investors looking to profit off their digital assets. With the running top Validators on the PoS and DPoS markets, Everstake became trusted technical partne

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