Staking is a way to put your $ALEX to work and earn passive income through the ALEX Bitcoin DeFi platform. By locking up your $ALEX for a given period of time (number of staking cycles) you receive staking incentives. The longer the staking period the greater the rewards.
First, select the “Stake” tab on the top menu bar to view the exchange panel:
Let’s breakdown the information displayed:
This panel displays information relevant to $ALEX you are currently staking. If you have not begun staking, the fields will all read 0. If you are actively staking you can see:
At the end of every staking cycle (approximately 3 days) there will be rewards available to harvest. If you wish to maximize your returns, we recommend harvesting the rewards after every cycle and re-staking those rewards to generate compounding returns. If you don’t harvest or forget to harvest, your rewards will just sit idle until claimed. This process can not be automated as smart contracts require direct user action in order to be executed. Unclaimed rewards do not generate returns, so please be mindful to earn as much as possible.
ALEX Staking Power, or APower, is a special incentive awarded only to $ALEX stakers and yield farmers. APower is a non-transferrable and non-tradable token, that provides special access to future IDOs on ALEX. See “What is ALEX Staking Power?” for more information.
This curve displays the APR earnings for different periods of staking cycles. The longer the staking cycle, the higher the APR. After completing your selection of reward cycles, the next cycle will be “skipped” as it is a cool down period during which rewards can not be received.
This panel is where you can enter the amount of ALEX you wish to stake as well as selecting the number of staking cycles you’ll lock up your ALEX for.
Selecting the down arrow will show staking details such as:
Please note that during staking your $ALEX is truly locked away and inaccessible until the conclusion of staking cycle period.
Having made your selection regarding the amount to stake and for how many cycles, select “Stake” to continue. A confirm panel with transaction details will appear next:
After confirming details are correct, select “Confirm” which will take you to a final smart contract confirmation window:
After selecting “Confirm” a final time you will should see that your transaction has been broadcast, with a “View in explorer” link to verify your transaction status.
Please note, that it may take up to 20–40 minutes for your balance to updated in your wallet and on ALEX. ALEX is built through Stacks smart contracts which settle on the security and finality of Bitcoin, and this transaction time reflects the Bitcoin block speed as well as processing on the Stacks network.
Your updated staking balance should then be visible in the “My Staking” panel.
Thank you for successfully staking $ALEX!
If you can have any issues or questions, you can email us: email@example.com