Increasing Conflux’s Security with xCFX/NUT — LP

Published on: 15.03.2023
Increasing Conflux’s Security with xCFX/NUT — LP

Increasing Conflux’s Security with xCFX/NUT — LP. Nucleon is pleased to announce the addition of xCFX/NUT LP into the LP Pool family.

Nucleon’s launch not only gave liquidity back to the Conflux community via its Liquid Staking (LSD) architecture and xCFX token, it’s played a significant role in increasing Conflux Network’s security through new CFX staking.

The LP emissions will be changed to the following weighting for the LP Pools:

  • xCFX / NUT (28.57%)
  • CFX / NUT (28.57%)
  • CFX / xCFX (42.86%)
  • The time of the new emission is set for 10 AM ET on March 14th, 2023

Nucleon aims to become the NO.1 PoS Pool on Conflux. Since Nucleon’s launch on January 31st of this year, we have become the most used staking pool in terms of unique staking addresses, and the second-largest PoS Pool by the amount of CFX staked! On top of that, Nucleon’s APY is the highest, due to the implemented auto-compounding mechanism!

Nucleon believes that the additional LP and the updated emission weightage will increase the liquidity and use cases for both xCFX and NUT, while Nucleon grows and continues to secure Conflux Network.

The platform also create new opportunities for all users to stake and interact with Nucleon. We will continue to collaborate with ecosystem partners like Swappi DEX and  Goledo and launch its own activities to increase the amount of staked CFX on Nucleon.

Nuleon’s goal is to solve the problems associated with Conflux PoS staking — illiquidity, immovability, and accessibility — making staked CFX liquid and allowing for participation with any amount of CFX to improve the security of the Conflux network.

Staking on Nucleon

When staking with Nucleon, users receive xCFX tokens on a 1:1 basis representing their staked CFX. Furthermore, xCFX balances can be used like regular CFX to earn yields and lending rewards, and are updated on a daily basis to reflect your CFX staking rewards. Note that there are no lock-ups when staking with Nucleon, and have minimum deposits of 1 CFX to decrease DDoS risks.

About Nucleon

Nucleon is a liquid staking solution for Conflux PoS backed by industry-leading staking providers. Nucleon lets users stake their CFX without locking assets or maintaining infrastructure.

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