wXEQ Staking V2
We are upgrading the wXEQ staking to version 2. Staking v1 will have a 2 week grace period where users can still stake and earn rewards. After the grace period, rewards will be forfeited, and only your stake will be withdrawable.
Here are the changes:
- Allow users to lock in rewards. When more people stake, your rewards go down as your distribution lowers. This is a low-cost eth transaction that will secure your rewards. This solution might not be the ideal solution however, managing fairness + keeping our coin inflation low is hard to do. This is our current solution and we will be looking to improve as time goes on.
- Move from standard wXEQ staking to wXEQ/WETH LP tokens. This will incentivize people to add liquidity and get rewarded. ERC20 pair can be found here: https://info.uniswap.org/pair/0xc76ff45757091b2a718da1c48a604de6cbec7f71
- Lock rewards for 30 days on entry. Users can still withdraw the LP tokens they just forfeit their rewards.
The team will be staking 7 ETH / 140k wXEQ. We will be adding more liquidity to uniswap as more of our sale is sold.
How to stake to v2?
Visit https://eth.equilibria.network and flip the button to stake v2. Must have metamask.
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