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Crypto Staking Explained
What’s different between XREX rewards and DeFi staking?
What’s different between XREX rewards and DeFi staking?

Consider these factors before deciding where to stake your assets.

Updated over a week ago

Choose to stake your crypto assets on XREX or pick a USDT DeFi project selected by XREX’s team of professionals. It is entirely up to you to decide how your assets grow by picking the right option for you, after factoring in your desired yield, risk appetite, and fees involved.

Through our CeFi staking offering — XREX Rewards we aggregate multiple platforms and protocols while doing our best to protect you from the uncertainties and risks the sector can pose, we strive to provide you with a highly competitive variable monthly APR (annual percentage rate), the APR for each month is announced on the 1st day of that month, and is then locked for that month.

For example, consider this hypothetical situation: on the 1st of June, 2022 at 00:00 am (UTC +0) we announce an APR of 7%, this 7% rate applies for the entire month of June, however on the 1st of July, 2022 we will announce a new rate (APR), let’s consider 6.5%, which will then be locked for the entire month of July.

Some advantages of XREX Rewards include:

Mitigated risk: XREX protects and guarantees your initial staked asset thereby mitigating any risk from loss of value or any potential vulnerability from on-chain attacks.

Variable monthly reward rate (APR): XREX Rewards offers variable monthly APR vs variable daily APR offered by most DeFi projects, thus giving users a more consistent and stable return rate throughout any given month.

Incremental reward rate (APR): Stake more, earn more, it’s that simple. XREX Rewards offers a tiered reward system wherein users can earn a higher reward rate (APR%) the more they stake.

Daily rewards: Earned rewards are paid out daily, giving users the flexibility to reallocate their earnings seamlessly.

No redemption fees: Unlike most other projects, XREX Rewards doesn’t charge any fee on the redemption of the staked asset.

No lock-in period: Users have the freedom and flexibility to redeem their staked crypto at any time, and without incurring any redemption fees. No more worrying about your funds ever being locked up!

Multi-platform: Accessibility is important, and we’ve made it super easy for you to access your staked portfolio, be it through our intuitive mobile app or through our desktop-friendly web interface.

When it comes to DeFi Staking, we aim to offer our users only the best projects. However, XREX only acts as a platform to showcase projects and provide users with related services, such as accessing funds on behalf of the user and distributing reward earnings, etc. XREX does not assume liability for any losses incurred due to project on-chain contract security issues.

Some advantages of DeFi Staking include:

Ease of use: You don’t need to manage private keys, acquire resources, make trades, or perform other complicated tasks to participate in DeFi Staking. XREX’s one-stop offering allows you to generate rewards without having to keep an on-chain wallet.

Funds are safe: XREX selects only the best DeFi projects in the industry and constantly monitors the DeFi system in real-time in order to reduce any risks associated with such projects.

Consistent earnings: DeFi Staking does away with the exorbitant fees that come along with trading capital traditionally. With a consistent level of risk, users are able to earn the highest possible returns in the simplest way.

*Staking stablecoins (USDT, USDC, DAI, etc.) lowers risk in a fluctuating market. For more about stablecoins risk, you can read our blog here. Staking other coins and tokens (BTC, ETH, etc.) will expose you to the appreciation and depreciation of the coin’s values, which in turn changes the value of your base asset.

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