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Home Rewards

Crypto Rewards

Trading fees in XFI increase the value of your LP tokens, redeemable upon liquidity removal. Staking LP tokens in the xApp further boosts your rewards.

LpXFI

In the DeFi application xAPP, users can deposit lpXFI, commonly known as LP tokens, into the smart contract. These deposits serve as the foundation for generating returns. The distribution of crypto rewards, encompassing both esXFI and wETH, is intricately linked to the number of esXFI tokens the user holds and their Bonus Points. Consequently, a user’s allocation of rewards is influenced by their accumulated esXFI tokens, Bonus Points and LP.

The formation and distribution of wETH and esXFI have their own interconnected algorithms.

lpXFI staking algorithm

wETH Rewards

wETH rewards are awarded to users based on the amount of their staked LP tokens and applicable multipliers. These rewards accumulate over time and can be claimed, providing additional yield to liquidity providers. Unlike trading fees, wETH rewards are not tied to individual token swaps but rather to participation in the liquidity pool through staking.

esXFI Claiming

esXFI represents incentive rewards provided by the CrossFi Foundation to encourage liquidity provision in the core XFI/XUSD pool. Users earn esXFI rewards proportional to their contribution to the pool, which boosts their overall staking returns. Once users initiate the vesting process, esXFI stops accumulating rewards and eventually converts into XFI, aligning with the platform’s reward distribution mechanics.

The possibility of an esXFI claim is found in the Escrow section of xApp.

lpUSD and lpMPX

Staking liquidity, particularly in xUSD/eMPX and xUSD/USDT pools, aims to attract more liquidity providers. By incentivizing liquidity provision through LP tokens (lpUSD and lpMPX), the CrossFi Foundation stimulates activity, making it more convenient for users to utilize stable liquidity pools with high Total Value Locked (TVL) and consequently low price impact. Foundation interests lie in encouraging LP holders to continue holding their assets in pools to minimize the risk of sudden price changes and maintain liquidity. In return, asset holders receive significant crypto rewards that automatically increase over time based on the duration of the stake, the quantity of staked tokens, and accrued rewards.
Additional XFI rewards are generated through MPX staking CrossFi Foundation and have a specific distribution algorithm.

how to use crypto rewards

Choose the rewards

Get reward

Approve transaction in Metamask

Success

Open the “Rewards” tab in the menu on the left and select one of the categories: lpXFI, lpUSD or eMPX, depending on the type of your lp tokens. The system will display the current profit in reward tokens, such as wETH, XFI, corresponding to the selected category.

In the selected category, click the “Get reward” button to start the receipt process. The system will display the details of the transaction, including the commission in XFI. Click “Get reward” again. If you do not have enough funds to pay the commission, the system will display the error message “Insufficient XFI for fee”.

A MetaMask pop-up window will open to confirm the transaction. Make sure the data is correct and confirm the transaction in MetaMask.

After successful completion, the system will update your balance and the crypto rewards will be credited to your wallet.

Choose the rewards

Open the “Rewards” tab in the menu on the left and select one of the categories: lpXFI, lpUSD or eMPX, depending on the type of your lp tokens. The system will display the current profit in reward tokens, such as wETH, XFI, corresponding to the selected category.

Get reward

In the selected category, click the “Get reward” button to start the receipt process. The system will display the details of the transaction, including the commission in XFI. Click “Get reward” again. If you do not have enough funds to pay the commission, the system will display the error message “Insufficient XFI for fee”.

Approve transaction in Metamask

A MetaMask pop-up window will open to confirm the transaction. Make sure the data is correct and confirm the transaction in MetaMask.

Success

After successful completion, the system will update your balance and the crypto rewards will be credited to your wallet.

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FAQ

What is Staking Rewards?

Crypto rewards are incentives given to users for participating in various blockchain or DeFi activities, such as staking, providing liquidity, mining, or using specific services within a crypto ecosystem. These rewards can come as additional tokens, interest, or governance rights.

How to Get Staking Rewards?

To get staking rewards, you need to:
1. Select a platform or wallet that supports staking for your cryptocurrency.
2. Stake (lock up) your tokens in the platform.
3. Based on the duration and amount of your stake, you’ll earn rewards, typically paid out in the staked token or the platform’s native token. CrossFi xAPP offers staking opportunities where users can earn rewards by staking tokens.

How to Use LP Tokens?

Liquidity Provider (LP) tokens are given to users who contribute assets to a liquidity pool. You can use LP tokens in several ways:

  • Earn Rewards: Hold or stake your LP tokens to earn a share of transaction fees generated in the pool.
  • Yield Farming: Some platforms offer additional incentives, allowing users to stake their LP tokens to earn more rewards.
  • Withdraw Liquidity: LP tokens can be used to withdraw your original assets plus any earned interest or rewards from the liquidity pool.
What is xAPP?

The CrossFi xAPP is a decentralized finance (DeFi) platform within the CrossFi ecosystem that allows users to perform various financial activities such as token swaps, staking, providing liquidity, and mining native tokens. It facilitates seamless engagement with DeFi services and offers an intuitive user experience for managing crypto assets.

What LP Tokens are Used in xAPP?

In the CrossFi xAPP, users can obtain LP tokens by contributing liquidity to various token pairs within liquidity pools. The specific LP tokens will depend on the token pairs available on the platform, such as XFI and other supported assets. These LP tokens represent a user’s share in the pool and can be used for staking or earning rewards.

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