Stake MXST, Earn MXST!
Marxstreet offers Pools with two staking options: flexible staking or fixed term staking. Note that Auto MXST, and Manual MXST pools will be discontinued after the launch of the new MXST Pool with flexible staking and fixed term. Keep reading to learn more!
What is the Difference Between “Flexible” and “Fixed Term” Staking?
With both, you can simply stake your MXST tokens to earn more MXST tokens with no deposit fees. Flexible staking allows users to stake MXST and earn rewards with the ability to unstake whenever they want. Fixed-term staking allows users to maximize their yield and earn more MXST by locking their staked MXST for a time period of their choosing, resulting in a linear increase in yield compared to flexible staking.
Flexible staking and fixed-term staking are both part of the same stack to allow users to easily migrate between the two staking options. However, when you do fixed-term staking, there is an option to do flexible MXST staking on the side.
Flexible Staking
Stake your MXST and forget it! MXST rewards will be distributed automatically and put into your staking balance.
If you place MXST in flexible staking.
Cost Without Staking
0.1% if you cancel your bet (withdraw) within 72 hours.
Only valid within 3 days after manual staking.
After 3 days, you can cancel the stake free of charge.
The 3-day timer resets every time you manually stake more MXST in the pool.
This fee only applies to manual unstaking: it does not apply to automatic compounding.
Performance Fees
2%, deducted automatically from each harvest.
For example, if the yield is 1 MXST, then 0.02 MXST will be deducted as a performance fee.
MXST collected through unstaking fees and performance fees is burned weekly as part of the regular MXST token burn.
This is a good thing for MXST holders as it reduces the overall number of MXST tokens in existence, thereby helping to reduce inflation.
Fixed Term Staking
Stake your MXST within a certain time period to maximize returns and receive additional benefits! MXST rewards will be locked together with staked MXST until the staking duration ends.
Stake your MXST within a certain time period to maximize returns and receive additional benefits! MXST rewards will be locked together with staked MXST until the staking duration ends.
No performance fees
The longer you lock, the higher the increase applied to the yield! Always offers higher yields compared to flexible staking!
MXST rewards will unlock, along with your staked MXST, when your lock duration expires
Once staked in a fixed-term stake, you cannot withdraw funds until the end of your lock duration.
Enjoy benefits such as:
Priority access or special events
and much more in our continued expansion!
If You Lock MXST in Fixed Term Staking
How to Use the Flexible Staking Option
This page explains who to stake in MXST Pool with the Flexible Staking option.
Go to the Pools page.
Connect to your Solana Chain compatible wallet by clicking the Connect button.
Select your wallet and connect.
Select MXST Pool and click the Enable button. Your wallet will ask you to confirm the action.
The Enable button should now be replaced with Flexible and Locked. Click the button to open the staking menu.
For Flexible Staking simply press Flexible, which will display a new window, enter the amount of MXST you want to stake, click Confirm and confirm the transaction in your wallet.
How to Use the Fixed-Term Staking Option
This page explains who to stake in MXST Pool with the Fixed Term Staking option.
Go to the Pools page.
Connect to your Solana Chain compatible wallet by clicking the Connect button.
Select your wallet and connect.
Select MXST Pool and click the Enable button. Your wallet will ask you to confirm the action.
The Enable button should now be replaced with Flexible and Locked. Click the button to open the staking menu.
For Fixed Term Staking simply press Locked, which will display a new window, enter the amount of MXST you want to stake and how long you want to lock your MXST for.
Below that, you'll find a summary of your positions, including yield, lock duration, and unlock date and time. Double check to make sure you agree with the lock duration and amount staked, click Confirm and confirm the transaction in your wallet.
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