Staking

Staking Mechanism

  • Holders of $RDYX tokens can stake them by placing them into a staking vault.
  • Tokens in the vault are not available for other use- they are effectively taken out of active circulation.
  • Staked tokens receive the equivalent of ecosystem rewards, on a weekly basis, in the form of additional RDYX tokens (or fractions thereof).
  • The distribution of staking payments comes out of the Ecosystem Fund.
  • The distribution amount is initially set by READYgg, and over time will transfer to a DAO.
  • These revenues are distributed pro-rata to the stakeholders in the vault.
  • To qualify on upcoming votes, stakeholders voting power correlates to the staked amount over a set period of time prior to the vote.