SOLX Single Token Staking Launches
Soldex, a native, scalable and decentralized exchange governed by the community, built on Solana, launches its SOLX Single Token Staking.
The SOLX single token staking for Soldex holders launches to earn incredible rewards simply by depositing your SOLX in one of the staking pools!
What is Staking?
Staking is a process where you earn rewards for holding your crypto coins for a certain period in a crypto wallet. Staking is similar to fixing your money in a high-yield fixed deposit account in a traditional bank. When you do this, the bank lends out your money to others, and they then offer you a tiny portion of the interest earned. However, you will be unable to move your money during that period.
Similarly, when you stake your tokens or coins, they are locked for some time. During this period, you will be unable to sell or move them. But you’ll earn much higher returns compared to the bank interest.
How to stake SOLX
Alfprotocol developed and launched its Staking solution that lets other Solana-based projects like SOLX launch their staking pools securely.
Simple steps to stake SOLX in the staking pools:
- Visit https://staking.alfprotocol.com/
- Click the “Connect Wallet” button on the top right corner of the dApp.
- Click on the Stake button
- Collect rewards
Your pending rewards will be accumulated automatically. You will be able to claim your staked balance + all pending rewards at the end of the staking period by clicking the View button and Claim Rewards.
About Soldex
Soldex is the fastest, easiest, and most user-friendly third-generation DEX built on Solana. Working on all market conditions, 24/7, with emotionless machine-learning and neural network algorithms, Soldex is the next step in DeFi evolution. Soldex will resolve the issues faced by order-matching centralized exchanges and trustless custody within current decentralized exchanges.
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