Period Lock Staking

Static Staking on VersX allows users to lock their VersX tokens for a predetermined period to earn attractive rewards. This staking mechanism ensures predictable and consistent returns, encouraging users to support the VersX ecosystem through long-term commitment.

Overview:

The dashboard for Static Staking on VERSX provides users with a comprehensive overview of their staking activity. The "Total VERSX Tokens Staked" section displays the total number of VERSX tokens currently locked in the staking pool. Additionally, users can view the current price of the VERSX token and the Total Value Locked (TVL), which represents the total value of all VERSX tokens staked. The APY Information section shows the Annual Percentage Yield (APY) for various lock periods, with higher APYs offered for longer lock durations.

Staking Process:

To begin staking, users must choose a lock period from the available options: 30, 60, 90, 180, or 365 days. Each lock period has a corresponding APY, with rates increasing as the lock duration extends. For instance, a 30-day lock period offers a 9% APY, while a 365-day lock period provides a 160% APY. The dashboard also displays the lock status and the remaining time until the lock period is completed, helping users keep track of their staking commitments. The available balance section shows the VERSX tokens that can be staked, while the staked balance section displays the number of tokens currently staked. Additionally, users can view the total claimed rewards in VERSX tokens.

Rewards Calculation:

Daily rewards are calculated based on the selected lock period, with the dashboard showing the number of VERSX tokens earned per day. For example, with a 30-day lock period, users can earn 109.29 VERSX tokens per day, resulting in a total reward of 1530 VERSX tokens after 30 days. The claimable rewards section provides an overview of the total rewards and staked amount after the completion of the selected tenure, helping users understand their potential earnings.

Actions:

Users have the option to approve the staking of VERSX tokens by confirming the transaction through the "Approve" button. Once the lock period is completed, users can withdraw their staked tokens and claim rewards using the "Withdraw" button, ensuring a smooth and efficient staking experience.

Additional Features:

The Static Staking platform also offers a 0 Day Lock program, where users can earn daily rewards with an APY of 0.5% without locking their tokens for a specified period. This feature is enhanced by the referral system, allowing users to earn additional rewards by referring new investors to VERSX. Additionally, the platform provides an option to automatically re-lock tokens after the lock period ends, maintaining a continuous staking cycle and maximizing earning potential.

Example Scenarios:

To illustrate the potential earnings, consider a user who stakes 17,000 VERSX tokens. For a 30-day lock period, the user would earn 109.29 VERSX tokens per day, resulting in a total reward of 1530 VERSX tokens after 30 days, with an APY of 9%. For a 60-day lock period, the daily rewards remain the same, but the total reward after 60 days would be 3060 VERSX tokens, with an APY of 20%. Similarly, for a 90-day lock period, the user would earn a total of 4590 VERSX tokens, achieving an APY of 32%. For longer durations, such as 180 and 365 days, the rewards and APYs increase significantly, with a total reward of 9180 VERSX tokens and a 70% APY for 180 days, and 36,900 VERSX tokens with a 160% APY for 365 days.

Conclusion:

Static Staking on VERSX offers a reliable and lucrative way for users to earn rewards by locking their tokens for fixed periods. With various lock durations and attractive APYs, users can select the option that best aligns with their investment strategy. The integrated referral system, seamless platform management, and additional features such as automatic re-locking further enhance the user experience, making VERSX the ideal choice for crypto enthusiasts seeking consistent returns and a robust staking solution.