Staking in IXS Vaults

Announcement
Staking in IXS Vaults

IXS staking begins at 1:00 PM UTC / 9:00 PM SGT on the 11th of September!

IXS invites its investors to stake their tokens and get rewards. Staking is the process of locking tokens in a smart contract in order to reduce the circulating supply of the tokens, thus ensuring the network operates more efficiently.

In return for locking up the tokens, stakers will receive rewards, the size of which depends on the staking period.

IXS Staking Vaults

Note:

In this article we refer to “Year” and “Day/s”, however, the exact numbers are calculated by the smart contracts based on seconds.

  • “Day” equals to 24 * 60 * 60 = 86,400 seconds
  • “Year” equals to 365 days = 31,536,000 seconds

Terminology

  • Tenor – The time period that IXS tokens are held under a vault for staking
  • APY (Annual Percentage Yield) – The real percentage of growth that will be earned in compound interest, assuming that the tokens are deposited for a year.
  • Maximum IXS Token Pool Size – The maximum IXS tokens to be staked in the vault.
  • Lock-In Period – Lock-in time period during which the tokens cannot be withdrawn from the vault.
  • Early Withdrawal APY – The APY in case the staked IXS tokens are withdrawn prior to the tenor closure.
  • Partial Withdrawal Possible – The ability to withdraw a portion of the staked tokens after the lock-in period.
  • Payments – The number of payments in which the rewards are paid.
  • Payment Frequency – The number of days between every payment.

Examples

Bob staked 10,000 IXS Tokens for 90 days.

According to the IXS staking table, his APY is 88%, with ten payments every seven days, while the Early Withdrawal APY is 5%.

In these examples, all numbers are rounded off to the nearest hundredths (rounding off to two decimal places).

Example A: What happens if Bob withdraws ALL his IXS tokens AFTER 90 days?

After 90 days, Bob receives immediately his principal of 10,000 IXS tokens.

Let’s calculate Bob’s reward payments:

Total payments: 10,000 tokens were staked for 90 days of 365 days a year. The total rewards are 90 / 365 * 88% = 21.70%, multiplied by the 10,000 staked tokens, equal to a total of 2,170 IXS tokens.

The total payment of 2,170 tokens is paid in 10 payments, with one payment every 7 days.

Each payment is 2,170 / 10 = 217 IXS tokens.

The first payment is made after the 90 days tenor (together with the principal payment), and then 9 more payments of 217 IXS tokens every 7 days.

Example B: What happens if Bob withdraws ALL his IXS tokens BEFORE 90 days?

Due to a smart contract logic embedded into the staking mechanism, Bob cannot withdraw the principal before the lock-in period of 60 days ends. Assuming Bob decides to withdraw his IXS tokens right after 60 days, he will receive his principal of 10,000 IXS tokens back. However, a decreased APY of 5% for the early withdrawal will apply.

Let’s calculate Bob’s interest payments:

Total payments: 10,000 tokens were staked for 60 days of 365 days of a year. Thus, the rewards for 60 days will amount to 60 / 365 * 5% = 0.82%, multiplied by the 10,000 staked tokens, equal to a total of 82 IXS tokens.

The total amount of 82 tokens are paid in 10 payments every 7 days. Subsequently, each payment equals to 82 / 10 = 8.2 IXS tokens.

The payments will be paid in the same mechanism of payments as in example A.

Example C: Can Bob partially withdraw the principal amount before 90 days?

Bob can do so. In this case, Early Withdrawal APY (5%) is applied only to that portion of the principal that is withdrawn prior to the maturity date of 90 days. The remaining portion of the principal will accrue the 88% APY.

For example, Bob staked 20,000 tokens. 10,000 tokens were staked until the maturity date, and 10,000 tokens were withdrawn after 60 days.

Bob’s rewards will be:

For the 10,000 tokens that were not withdrawn, he will earn rewards as explained in example A above.

For the 10,000 tokens that were withdrawn, he will earn rewards as explained in example B above.

Staking Walkthrough

Click “Connect Wallet”.

Click “IXS Farming”.

Click “Staking IXS”.

or

Choose your tenure.

Approve IXS.

Before you first stake, there is an allowance approval required. Please wait for ETH transaction approval before proceeding to stake.

And that’s it! You’ve successfully staked in the IXS vault.

*Do not stake over available limits or risk wasting gas fees on rejected transactions. Maximum token pool size per vault = 2,000,000 IXS.

Upcoming Q4 Roadmap

Stay tuned to our upcoming roadmap in Q4!

. . . .

About IX Swap

IX Swap is the “Uniswap” for STOs and TSOs, the regulatory and liquidity solution for security tokens and tokenized stocks.

IX Swap will be the FIRST platform to provide liquidity pools and automated market-making functions for the STO/TSO industry. The platform will facilitate the trading of security tokens through licensed custodians and security brokers, which will provide actual ownership and claim over these real-world assets.

 Telegram Announcement | Telegram | Twitter | Linkedin | Medium | YouTube

More Articles