IDEX staking enables traders, market makers, and fans of IDEX

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IDEX Official Community Chat (No FUD, English)

IDEX staking enables traders, market makers, and fans of IDEX

to operate part of the IDEX infrastructure and, in the process, contribute to the decentralization of IDEX and robustness of the platform. Stakers use IDEX tokens and run IDEX staking software to operate a node.

Stakers earn 50% of trade fees collected by the platform as compensation for their support.

In preparation for the IDEX v3 release and the expected surge in trading activity, the IDEX team has decided to launch 2 initiatives to help bolster the exchange infrastructure:

The minimum IDEX required to run a staking node has been reduced from 10,000 IDEX to 5,000 IDEX

Any staking nodes that begin running before September 27, 2021 will receive 2x staking rewards for the first month of IDEX v3.

What are you waiting for? Learn how to stake IDEX by following the IDEX staking user guide.

More details:

The exact deadline to set up a staking node to qualify for 2x rewards is September 26, 2021 at 23:59 UTC.

Setting up a staking node before the launch of IDEX v3 will require an account on IDEX classic (staking after IDEX v3 launch will not require an account).

The 2x staking rewards works as a “boost mechanism”, meaning that nodes that qualify for this promotion will receive 2x in rewards when compared to nodes that did not qualify (e.g. a node with 5,000 IDEX will receive 2x the rewards than a node with 5,000 IDEX that went live after the deadline).

Any nodes presently running automatically qualify for this promotion.