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Staking & Farming

This section will run through the UBXN staking and farming options and how to take part should you wish to do so.
We now have UBXN staking pools and LP Staking pools available on Ethereum and Binance smart chain. To learn how to participate, just follow the link below.

How does Staking work?

Staking will allow users to deposit UBXN tokens, or LP-UNI tokens directly on the interface in order to receive a reward. Everything happens in the blockchain, via Smart-Contracts.
These rewards are distributed to each block on ETH or BSC and distributed among all participants. The APY is variable and will depend on the total amount of UBXN staked on the pools.
New with Pool 2.0: you have the possibility to lock your tokens for a fixed period. By doing so, you increase your APY up to x3.88 for a period of 24 months.

Pool 1 - UBXN Staking (ERC20)

Summary

Stake UBXN and receive UBXN APY : variable, locking period up to 24months for x3,88 increase of shares
Fees : deposit 0%, Withdrawal 0,3%

Pool 2 - UBXN Staking (BEP20)

Summary

Stake UBXN and receive UBXN (1) APY : variable, locking period up to 24months for x3,88 increase of shares (2) from the performance fees pool - nbr UBXN variable - each Epoch of 12h.
Fees : deposit 0%, Withdrawal 0,3%

Locking Period explained

Here are some more details regarding the new locked UBXN staking pool, answering the community’s questions regarding how it works. THIS DOESN'T APPLY FOR UNISWAP & PANCAKESWAP Staking Pools
The new locked pool is similar to a classic staking pool, but it introduces a new locking mechanism, which can increase your pool "share".
Here is a simple example on how it works
If you deposit 1,000 UBXN tokens and choose a locking period of 1 month, your deposit will be worth 1,000 pool "shares". If there are a total of 100,000 pool shares in the staking pool, the user will receive 1% of the reward allocation if nothing else changes.
If you deposit the same 1,000 UBXN tokens and choose a locking period of 2 years, your deposit will be worth 3,760 pool "shares". If there are a total of 100,000 pool shares in the staking pool, the user will receive 3.76% of the reward allocation if nothing else changes.
However, a higher multiplier does not necessarily mean a 3.76x increase on your reward amount. If many users lock their tokens for longer periods, the percentage change on the APR will be smaller. The same mechanism is used for the veCRV locking mechanism on the Curve platform. A longer locking period will always grant you a bigger reward amount, but not necessarily in the same percentage as the increase in your pool share amount.
Important: this percentage will change when new users make deposits into the staking pool and lock their tokens for different periods!

FAQ about the staking pools V2

What happens if I make another deposit after I have already locked a portion of my UBXN tokens?
Will I earn additional tokens in the locked pool?
Can I stake on Binance Smart Chain? Yes! For BSC we currently have UBXN staking and also UBXN/BUSD LP staking for those who are providing liquidity on PancakeSwap.