1️⃣ Why would I stake my $XDEFI tokens?

75% of fees generated from in-wallet actions (e.g. swaps and bridges within the wallet) or via the XDEFI Wallet web app ( . https://app.xdefi.io/ which also includes 0.25% fee when users enter and exit liquidity pools by using the XDEFI Wallet web app) are used to buy $XDEFI on the open market, and those $XDEFI will be distributed to stakers

. The remaining 25% of all fees generated by XDEFI Swaps are used for the continued development and governance of XDEFI Wallet
Further details on the fees charged by XDEFI Swaps are set out below

. The values mentioned below correspond to initial traded values
. If your transaction has multiple hops, XDEFI will ONLY charge a fee on the first hop

Swaps & bridging that begin with the THORChain DEX aggregator :
Swaps & bridging with a value < US$300 swaps = 0.3% XDEFI fee
Swaps & bridging with a value >= US$300 swaps = 0.3% XDEFI fee

Swaps & bridging that begin with other providers :
Swaps & bridging with a value < US$300 = no XDEFI fee
Swaps & bridging with a value >= US$300 = 0.5% XDEFI fee

Read our full article on our website: 🌐 . https://www.xdefi.io/article/xdefi-swap-fees

. Until the swap features begin to generate sufficient revenue, a portion of the treasury will be allocated for staking rewards

📊 . Monitoring dashboard: 🌐 . https://app.xdefi.io/statistics

🗓️ . Rewards for v1 will stop emitting in 46 days (July 01, 2023) due to the staking migration process

2️⃣ How does this new staking model work?

. Stake $XDEFI tokens for $vXDEFI, a transferable and fungible token that represents a staker’s % ownership of the entire vault (when you stake $XDEFI, you are swapping it for a claim on the overall staking pool)

. As more people enter the staking pool, and as more $XDEFI rewards are added to the pool, the relative value of each claim changes

pricePerShare = Total quantity of XDEFI tokens held in the contract / Total quantity of vXDEFI tokens in circulation

vXDEFIReceived = Quantity of XDEFI tokens you stake * (10 ** 18) / PricePerShare

. Additional note: The number of vXDEFI obtained following a position is immutable

👉 No lock-up period 🔓
👉 Auto-compounding of rewards 🔃
👉 $vXDEFI can be used to vote on Community proposals (. https://snapshot.org/#/xdefigovernance.eth)

. Note that the 💲 USD value of $XDEFI will change over time, so the overall USD value of your tokens might be more or less compared to when you staked

3️⃣ What is the new staking contract?

. The staking contract is : https://etherscan.io/address/0xe1A3864DbF62Fb94834B108Ff6Bf439cE70183Ac 📰

4️⃣ Is there an audit ?

. https://github.com/XDeFi-tech/xdefi-distribution/blob/master/audits/PeckShield-Audit-Report-XDeFiVault-v1.0.pdf
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PeckShield-Audit-Report-XDeFiVault-v1.0.pdf
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5️⃣ How many Ethereum TXs do I have to make to stake my $XDEFI tokens ?

. 1 Approval : It allows the withdrawal of up to a certain amount of $XDEFI tokens from the token holder's address, 1 to Deposit your $XDEFI tokens and get vXDEFI tokens
⚠️ . We recommend to not refresh the webpage between the 2 TXs in order to avoid double approval

5️⃣BIS What is the process to migrate from version 1 to version 2?

v1 Stakers can also choose to migrate now :
. v1 Stakers will need to exit their initial position(s) by sending their bXDEFI(s) to one of their decentralized Ethereum addresses or withdraw their entire balance (initial tokens + rewards) using the dedicated web page : https://staking.xdefi.io/
. Rewards for v1 will stop emitting in 46 days (July 01, 2023) 🗓️ due to the staking migration process

6️⃣ What is the cost of these Ethereum TXs ?

. It depends on the Ethereum network congestion
. Approval costs about 50,000 gas, and deposit costs about 85,000 gas
. Ethereum live Gas ⛽ price tool : https://etherscan.io/gastracker

7️⃣ What is APY ?

. The Annual Percentage Yield (APY) is determined by the staking pool's audited smart contract 📰

. The displayed APY is an estimate of the current annualized return, including auto-compounding 🔃

. Staking rewards come from two places :
👉 $XDEFI tokens added from the XDEFI Wallet Ecosystem Fund
👉 75% of the net revenue from XDEFI's swap, bridge, and single-sided staking fees are used to buy back $XDEFI tokens on the open market
💡 . Please note that your realized APY might vary from the displayed figure as tokens are staked / unstaked, and based on the swap volume ($XDEFI buyback) over a given period
At a very high level, you can think of the APY roughly as a function of :
($XDEFI added from Ecosystem Fund + $XDEFI buyback from swap fees) / Number of staked $XDEFI tokens

8️⃣ When do we receive rewards?

. Rewards are distributed every 12 hours ⏱️

9️⃣ When will I be able to claim my rewards ?

. Whenever you want, there is no lock-up period 💸

🔟 How will I claim my rewards ?

. By unstaking your tokens at : https://app.xdefi.io/stake (by choosing the number of tokens you want to stake/unstake)
. The subtracted $vXDEFI tokens will be converted into $XDEFI tokens
. 1 TX on the Ethereum network (Transfer) is then necessary (≈ 32,000 gas), and Ethereum network fees will apply, depending on its congestion

1️⃣1️⃣ How can I stake/unstake my XDEFI tokens ?

. You can stake/unstake your tokens at : https://app.xdefi.io/stake by choosing the number of vXDEFI tokens to stake/unstake
. The staked XDEFI tokens will be converted and represented by vXDEFI tokens according to a proportionality ratio (amount staked relative to the pool's status)
. The subtracted vXDEFI tokens will be converted into XDEFI tokens