KAIDEX Staking Pool
KAIDEX stake pools contain only one type of token. There is no requirement to create LP tokens, but the idea is similar with creating a liquidity token (LP) and staking it in a liquidity mining program to generate other tokens.
To earn extra KDXs, you can stake your KDXs. You will then be given a buyback KDX token, stKDX, to represent your share of the pool. stKDX holders earn a portion of trade fees in order to buy back KDX. Your stKDX balance will remain unchanged, but the ratio of stKDX to KDX will be ever-increasing as it purchases additional KDX.
After depositing KDX you receive stKDX tokens as proof of stake, which you may use to stake in partner pools to gain additional tokens.
- No Impermanent Loss
- Maximize your profits when KDX price increases
- A 0.05% trading fee is used to periodically buy back KDX tokens. When you exchange your stKDX for KDX, you'll get more KDX than you started with
- Government power over KAIDEX
- Chances to participate in IDO