Staking

Liquid Staking enables users to gain liquidity over staked WEMIX. WEMIX holders are able to stake their WEMIX in return for a token stWEMIX that represents a share of liquid staking contract.

What is the benefit of stWEMIX?

Users get liquidity through stWEMIX. While staing through Wonder Staking creates a lock on the asset that cannot be used elsewhere, staking through liquid staking offered by Wemax allows users to leverage this staked asset in form of stWEMIX. stWEMIX is ERC-20 version of token that earns staking rewards AND gives users freedome to participate in DeFi.

How can I use stWEMIX?

Savvy users have used leverage the liquidity feature of stWEMIX to "leverage stake" WEMIX. By using stWEMIX as collateral and borrowing WEMIX against it, you are able to earn more staking rewards than Wonder Staking as long as the lending market interest rates are lower. This method requires careful management of the total positions because it's using leverage.

Users can also deposit stWEMIX into a swap pool and earn trading fees while stWEMIX earns staking rewards. Depositing stWEMIX into stWEMIX/WEMIX$ pool or stWEMIX/WEMIX pool will boost yield depending on the trade volume of the pools.

What are the fees?

The fee is taken as a percentage ONLY on staking rewards. There is no fee charged to the principal amount. Current fee rate is 10%.

Staking

• You can stake WEMIX immediately into stWEMIX on our staking tab.

• You can unstake WEMIX on the unstaking tab, which will take 7 days as per WEMIX mainnet architecture.

• You can claim unstaked WEMIX once the unstaking period is reached.