🔒 Staking/ Locking $NEXC

Staking

💰 Staking

Users can stake their tNEXC tokens, received when supplying $NEXC to the markets, to earn additional Platform Reward Fees in $USDT, subject to a 90-day vesting unlock. Staking also allows users the flexibility to unstake and retrieve their assets at any point in time, even if the vesting schedule has not yet been completed.

Exiting the vesting period early will incur a penalty, and these penalties are disbursed to those who have locked their tNEXC tokens. The penalty structure based on the vesting schedule is as follows:

• 0-30 Days: 50% Reward Given

• 31-60 Days: 65% Reward Given

• 61-90 Days: 75% Reward Given

🔒 Lockers

Rather than simply staking, users can opt to lock their tNEXC tokens for a fixed three (3) month period. Users choosing to lock tNEXC will be eligible to receive Platform Fee Rewards plus the Penalty Fee Rewards taken from stakers who opt to unlock their assets early in $USDT.

Locking tNEXC is very similar to staking with a few key differences, as outlined below:

• Mandatory Lock Period: Locked tNEXC is subject to a mandatory three (3) month lock and cannot be unlocked early.

• Base Rewards: Lockers will receive the same base rewards from platform fees as Stakers.

• Additional Rewards: Lockers will also earn the Penalty Fee Rewards taken from users who unstake their tNEXC tokens before their 3-month vesting period is complete.