Crodex Reward Pool Improvement : Auto-Transition
CRODEX started its reward program for Liquidity Provider and Single Stake pools with a dynamic round system. A round lasts for 4 weeks. Some pools are removed, some are added and many get their reward rates re-adjusted with each round.
The round based approach continuously presents fresh opportunities to investors while helping CRODEX actively manage the pools. On the other hand, moving deposits from a pool to another has inevitably been a manual process. Well, that’s not the case anymore! With the new auto-transition mechanism, you can now leave your deposits in a reward pool and keep earning rewards in the next rounds without having to do anything. Moreover, the flexibility aspect of the round system remains as it is: Reward pools are still going to be re-shuffled at each round.
Auto-transition is going to be active starting from the next round (Round 5). That is, if you have assets staked in one of the pools in Round 4, you will need to move them to the next round one last time.
Only to be absolutely clear, there is nothing you need to do as a user once you have your assets staked in a new reward pool. Auto-transition mechanism will be there by default in all the new pools in CRODEX, including LP, Single and NFT Stake!
About Crodex
Crodex is a decentralized exchange (DEX), providing liquidity and enabling peer-to-peer transactions on Cronos.
Crodex works with the same automated market-making (AMM) model as Uniswap which is a game changing tech. Automated market makers allow digital assets to be traded without permission and automatically by using liquidity pools instead of a traditional market of buyers and sellers.
