Staking
Last updated
Last updated
In Oxbull, staking is a method for users to qualify for IDOs or Private Sale whilst providing an APR of 2.5%.
To qualify for Oxbull IDOs, the qualifying amounts of $OXI to be staked shall be as per the tiering table below:
Under the “Token Staking Route”, users will be able to select the Tier they would like to commit to and stake:
3. Enter the amount of OXI to stake and click “Stake”.
4. Approve the necessary transactions via wallet and congratulations! The staking is now in effect.
5. Under the “your groups” section, successful staked users are now eligible to join the dedicated Private Group in accordance to their staked tiers.
Users can now get as many tiers as required in just ONE single wallet.
For example, if a user staked double the required amount for Tier 1, they will essentially qualify for 2x Tier 1 , which means that the specific user will have double allocation during IDO/ Private Sale contribution. Another example, if a user qualifies for a Tier 1 and Tier 2, the user will have access to both Tier 1 and Tier 2 contribution pool.
Harvest is the action when users claim their reward from the staking pool. The reward is being distributed according to the APY and amount of $OXI staked, and upon harvesting your stake is unaffected.
Users are welcome to harvest at all times, but do note that gas fee for transaction will still incur. Reward tokens will go directly and instantly into your wallet upon harvesting.
In the event where users decides to unstake:
Their IDO qualification will be forfeited.
Not able to claim tokens even you had contributed, if unstake is performed before project TGE.
A 15 days time lock will be initiated and tokens will only be available to withdraw after 15 days have elapsed.
Should the user decides to proceed with an emergency withdrawal (without timelock), the user will incur a penalty of 30% of the total staked amount.
