RiveX Foundation
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RiveX Foundation

Staking and Project Y Farming Update — Relaunching LOS V2 and Pool 1

Details on the relaunch of League of Stakes V2 and Pool 1

Dear Rivexians, as you may know, League of Stakes v2 and Pool 1 were closed on Friday. We are relaunching staking and Pool 1 farming with some important changes. Please follow below:

***PS: rRVX has been removed, requiring you to either Stake your RVX on LOS v2 and earn RVX, or deposit your RVX into Pool 1 to farm for YRX. You can also split your RVX between LOS v2 and Pool 1 to earn both RVX and YRX — the choice is yours.***

League of Stakes V2 Relaunch

Your RVX has been un-staked and returned to your wallet, and you will need to re-stake. League of Stakes v2 has been relaunched, allowing you to stake your RVX and earn rewards!

Web link for Staking and Farming: https://rivex.finance/

PS: Make sure you have enough Eth for gas!

Staking Rewards

A total of 699,996 ERC-20 RVX has been allocated for the staking rewards pool. LOS v2 will run for 11 weeks, rewards are not static and are dependent on how many users stake, and the quantity of RVX staked.

  • Contract address: 0xb113743BBde9094DBF5743aa1f9C741bD51168cd
  • Allocated rewards — 699,996 RVX
  • Total duration — 11 weeks
  • 1 epoch — 7 days

Staking with League of Stakes V2 is very similar to the old V1 Staking, we have included guides further on in the article.

Project Y Pool 1 Update

Pool 1 has been relaunched, now requiring you to stake RVX to farm for YRX. Users will deposit RVX and earn YRX in return.

Pool 1

  • Contract address: 0x0765cf324be6074Add63B767F1dFe9A979F3f6D3
  • Allocated rewards: 1000 YRX
  • Total duration — 6 weeks
  • 1 epoch: 7 days

Project Y is RiveX’s community-driven farming project. It consists of three different pools, each of these pools can be used to farm for YRX.

Web link for Staking and Farming: https://rivex.finance/

What is YRX token?

YRX is the governance token for the community-driven Project Y with a total supply of 15,000 which will be fully distributed via farming. Phase one will consist of three pools as explained below.

YRX Token Specifics

Ticker: YRX
Contract Address: 0x21634b64a6915b879ad13d96418a82b2a48fcbe9
Decimals: 18

How to Stake in LOS v2 using Metamask

Weblink for Staking and Farming: https://rivex.finance/

  • *Keep in mind Staking/Farming can only be done from the web interface now. You can no longer use the RX Wallet to Stake/Farm!**
  • To import your RX Wallet account into Metamask, see this guide.
  • Click on RX on the left to enter the Staking section.
  • Make sure your wallet is connected (top middle) then click on “STAKE”.
  • Enter the amount you wish to stake, then click “CONFIRM”.
  • Click “YES”.
  • Confirm the Metamask popup, you will only need to approve spending once.
  • Confirm the transaction to deposit your RVX.
  • Your RVX have now been deposited and you are earning RVX as rewards! To unstake and claim your rewards, click “Exit: Claim and Unstake All”.
  • Click “Yes” to confirm your withdrawal.
  • Click confirm on the Metamask popup to confirm the withdrawal transaction.
  • Your RVX and your rewards have now been returned to your wallet.

How to Farm in Pool 1

Weblink for Staking and Farming: https://rivex.finance/

  • *Keep in mind Staking/Farming can only be done from the web interface now. You can no longer use the RX Wallet to Stake/Farm!**
  • To import your RX Wallet account into Metamask, see this guide.
  • To start farming, click on the Y logo on the right to enter the farming section.
  • Make sure your wallet is connected (top middle)
  • Enter the amount of RVX you wish to deposit, click “Deposit” then click on “Yes”.
  • Approve the spending on your Metamask if needed, then click “Confirm” to confirm the transaction to deposit your RVX. Your RVX will be deposited and you will begin earning YRX.
  • To withdraw from Pool 1, click on “Unstake and Withdraw”, then click “Yes”. Confirm the transaction on Metamask and your RVX + YRX rewards will be claimed back to your wallet.

Unsure how to Farm in Pool 2? See the guide below!

About RiveX Foundation

RiveX is a chain agnostic interoperable layer-2 solution across different blockchain protocols. RiveX aims to empower the next generation of decentralized applications, decentralized finance and enterprise solutions. RiveX has comprehensive interoperable DeFi solutions such as RX Wallet which aims to integrate DAPPS from different blockchain protocols to enable an interoperable DeFi ecosystem within RX Wallet itself.

👇 More about RiveX 👇

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