Introducing IDEX Hosted Staking
IDEX staking, originally launched in 2019, enables traders, market makers, and fans of IDEX to operate part of the IDEX infrastructure and, in the process, contribute to the decentralization of IDEX and robustness of the platform. Stakers use IDEX tokens and run replicator staking software to operate a node and earn 50% of trade fees collected by the platform as compensation for their work. IDEX staking pays out 50% of exchange fees in USDC every two weeks.
Its goal is to provide as many IDEX holders as possible the opportunity to stake their tokens. While the process for IDEX staking has been fairly low maintenance, we recognize that not everyone wants to run a replicator node themselves.
Hosted Staking has three primary benefits:
- IDEX holders can stake their holdings without running a node
- Minimum IDEX staking requirement of 5,000 IDEX is waived
- Node operators can earn additional staking yield
IDEX holders no longer have to set up a node in order to stake their holdings. By delegating their IDEX to a public node, staking can be accomplished in just one click and allows the holder to collect a share of up to 50% of exchange fees. Another huge benefit to delegating is that the 5,000 IDEX minimum requirement for staking is waived. This means that all IDEX holders, no matter how large or small, can stake their holdings.
Delegating
Staking by delegating IDEX will be extremely simple and straightforward. All you need to do is have IDEX in your wallet and head to the staking page once Hosted Staking is LIVE on April 5th. There, you’ll be able to delegate your IDEX to a node of your choice in one click.
Hosting
Hosting a replicator node will also be fairly straightforward. If you’re not running a replicator node yet, you can follow the guide here. Running a lightweight node helps support exchange infrastructure and, in return, allows you to receive a share of 50% of exchange fees. Once Hosted Staking is LIVE on April 5th, you’ll be able to set your node to public, choose a commission rate, and allow users to delegate IDEX to your node.
ABOUT IDEX
IDEX is the first Hybrid Liquidity DEX, combining a high-performance order book and matching engine with Automated Market Making (AMM). The platform blends the best of centralized and decentralized exchanges, with the performance and features of a traditional order book and the security and liquidity of an AMM. IDEX allows traders to get the best spreads, avoid failed transactions, and easily provide liquidity, all with the power of real limit and stop-loss orders.
RESOURCES
Medium
