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Home Staking

Liquid Staking

DeFi application CrossFi xAPP allows you to send LP Tokens to staking and receive additional rewards from the CrossFi Foundation in addition to a percentage of trading commissions. The platform also provides tools for effective management, ensuring transparency and control over the process of receiving crypto rewards.

Liquid Staking

CrossFi xApp integrates an LP Staking mechanism for the system’s core liquidity pools, enabling users to stake their LP tokens and earn rewards. This provides an additional incentive for liquidity providers, enhancing overall engagement and profitability within the CrossFi ecosystem.

Staking Rewards

Depending on which LP Token you send to the staking in defi application CrossFi, additional crypto rewards depend:

how to use defi staking
Stake
Unstake
Stake

Choose LP Tokens

Approve

Stake

Confirm transaction in Metamask

Success

On the “Staking” page, click on the “Stake” subcategory. Enter the number of tokens you want to stake (lpXFI, lpUSD or lpMPX). Make sure that the number of lp tokens is correct and corresponds to your balance. The system will automatically display information about the transaction, including estimated profitability and current rewards (APR for wETH and esXFI).

Before sending your LP tokens to staking contract, you need to confirm the Approve transaction in your wallet by clicking “Approve”.

Click the “Stake” button.

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

After confirming the transaction, the system will update the balance of the tokens that are in the stake, and you will see a message about the successful operation. Make sure that your balance has been updated and displays the new staking tokens.

Unstake

Choose LP Tokens

Confirm transaction in Metamask

Success

On the “Staking” page, click on the subcategory “Unstake”. Enter the number of lp tokens you want to withdraw from the staking (lpXFI, lpUSD or lpMPX). Make sure that the number of tokens is correct and corresponds to your balance. Check all the data before confirming. Then click the “Unstake” button.

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

After confirming the transaction, the system will update the token balance, and you will see a message about the successful operation.

Stake

Choose LP Tokens

On the “Staking” page, click on the “Stake” subcategory. Enter the number of tokens you want to stake (lpXFI, lpUSD or lpMPX). Make sure that the number of lp tokens is correct and corresponds to your balance. The system will automatically display information about the transaction, including estimated profitability and current rewards (APR for wETH and esXFI).

Approve

Before sending your LP tokens to staking contract, you need to confirm the Approve transaction in your wallet by clicking “Approve”.

Stake

Click the “Stake” button.

Confirm 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 confirming the transaction, the system will update the balance of the tokens that are in the stake, and you will see a message about the successful operation. Make sure that your balance has been updated and displays the new staking tokens.

Unstake

Choose LP Tokens

On the “Staking” page, click on the subcategory “Unstake”. Enter the number of lp tokens you want to withdraw from the staking (lpXFI, lpUSD or lpMPX). Make sure that the number of tokens is correct and corresponds to your balance. Check all the data before confirming. Then click the “Unstake” button.

Confirm 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 confirming the transaction, the system will update the token balance, and you will see a message about the successful operation.

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faq

What is DeFi Staking?

DeFi staking involves locking up your cryptocurrency in a DeFi platform to support the network and earn rewards. By staking, you’re helping maintain the blockchain’s operations, such as transaction validations, and in return, you receive interest or additional tokens.

Is Staking Crypto Safe?

Staking crypto can be safe, but it comes with risks. While many platforms offer security measures, your assets are still exposed to market volatility, smart contract vulnerabilities, and platform reliability. Always choose reputable platforms, diversify your investments, and understand the risks before staking.

How to Stake Crypto?

To stake crypto, follow these steps:

  1. Choose a platform that supports staking (such as CrossFi or other DeFi platforms).
  2. Deposit or transfer your crypto to that platform.
  3. Select the amount you want to stake and follow the platform’s staking process.
  4. Earn rewards based on the staking terms and duration.
What is a DeFi Staking Platform?

A DeFi staking platform is a dApp or service that allows users to stake their cryptocurrency assets to earn rewards. These platforms provide staking opportunities for various tokens, often without intermediaries, and offer features like yield farming, liquidity pools, and governance tokens. Examples include CrossFi xAPP, where users can stake tokens and participate in the DeFi ecosystem.

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