Users who stake on the ApeX protocol will be entitled to esAPEX and veAPEX.
💰esAPEX:
esAPEX is a staking reward that can be claimed and credited back to your account. Users can reinvest the esAPEX they’ve claimed, which will be converted to APEX after a vesting period of six months. You may also continue to stake your esAPEX to earn additional esAPEX.
💰veAPEX:
veAPEX serves as a unique certificate that proves you’ve successfully staked APEX and/or esAPEX on the protocol. The amount of veAPEX will be reduced when you unstake your APEX and/or esAPEX. Holders of veAPEX will have voting rights for ApeX’s governance contracts. You can also earn fee rewards by holding veAPEX.
How does staking work?
There’re two staking pools on the ApeX protocol — core pool and fee pool.
The core pool is used for liquidity mining and supports liquidity providers to claim esAPEX. Users can stake APEX and/or esAPEX to claim esAPEX from the fee pool, and get veAPEX as their staking certificates.
On the ApeX protocol, staking period can be both flexible and fixed. A flexible staking period allows you to unstake anytime, while a fixed period supports a staking period between one and 26 weeks. The longer the fixed staking period, the higher the rewards. If you’ve selected a fixed staking period of 26 weeks, for instance, your total rewards will increase twofold.
How to stake and unstake?：
- Select your staking plan and click on “Stake”.
2. Choose between “Stake” and “Unstake”.
If you’ve selected “Stake”, choose your staking amount, staking period and click on “Stake.”
If you’ve selected “Unstake”, choose the amount to unstake and click on “Unstake”.
3. Complete the wallet signature. Please note that you’ll receive veAPEX if you stake APEX and/or esAPEX.
💡 If you’ve already staked in the current pool, your esAPEX rewards will be auto claimed and credited back to your account when you unstake tokens or make a new staking.
How to claim rewards?
- Once you’ve successfully made a staking, “Unclaimed Rewards” will display the amount of rewards you’re currently entitled to.
2. Click on “Claim Rewards” to claim your staking rewards. Once claimed, all rewards will be auto credited to your account.
How to vest esAPEX?
- Head to the “Rewards” tab.
2. View the asset info regarding esAPEX and veAPEX.
esAPEX will display the following info:
- Total: total amount of esAPEX
- Available: total amount of esAPEX in your wallet
- Staked: total amount of staked esAPEX
- Vesting: total amount of esAPEX that’s currently vested
- Available for Withdrawal ($APEX): total amount of $APEX you can withdraw
3. Click on “Vest” to convert your esAPEX
4. Enter the amount of esAPEX you’d like to vest and click on “Vest”
💡 Your $APEX will be locked for six months. After the vesting period ends, your esAPEX will be converted into $APEX, which can be withdrawn to your wallet. You may also withdraw the tokens before the vesting period ends. This, however, may result in a deduction in your reward amount.
How to withdraw $APEX?
- Review the amount of $APEX that can be withdrawn and click on “Withdraw”.
2/ Confirm the amount of $APEX you can claim and click on “Withdraw”. The $APEX tokens will be auto credited to your account.
3. You may also force withdraw esAPEX tokens that are currently vested.
You may claim the following rewards via a force withdrawal:
- The amount of $APEX you’ve already unlocked. No penalty shall be incurred.
- The amount of $APEX tokens that are currently vested. Linear loss will be incurred. The closer you’re to the end of the vesting period, the smaller the loss.
How to claim fee rewards?
As a holder of veAPEX, you can claim fee rewards on a weekly basis.
- Head to veAPEX to view the number of veAPEX you hold and the amount of fee rewards that’s not yet claimed.
All fee rewards will be issued as ETH. You can click on “Claim Fee Rewards” to claim them.
Your fee rewards will be calculated every Monday. The amount depends on the number of veAPEX you hold in proportion to that by all veAPEX holders.
👋 All holders of veAPEX are entitled to governance rights on the ApeX protocol. Stay tuned for more information!
