Plax Pool
Last updated
Last updated
PlaxSwap now offers one Plax Pool with two staking options: flexible staking or fixed-term staking. Note that the Auto PLAX, IFO PLAX, and Manual PLAX pools will be retired upon the launch of the new Plax Pool with flexible and fixed-term staking. Keep reading on to learn more!
With both, you can simply stake your PLAX tokens to earn more PLAX tokens with no deposit fees. Flexible staking allows users to stake PLAX and earn rewards with the ability to unstake whenever they please. Fixed-term staking allows users to maximise their yield and earn even more PLAX by locking their staked PLAX for a period of time they choose, earning a linearly boosted yield compared to flexible staking.
Flexible staking and fixed-term staking are both part of the same pool to allow users easy migration between the two staking options. However, when you do fixed-term staking, there is an option to perform flexible PLAX staking on the side.
Stake your PLAX and forget about it! PLAX rewards will be automatically distributed and included in your staking balance, minus a small fee (same as the old Auto Plax Pool).
If you have PLAX staked in flexible staking
✅ Add more PLAX to flexible staking
✅ Harvest rewards any time
✅ Withdraw any time (fees apply for the first 72 hours, see below)
✅ Convert all staked PLAX in flexible to fixed-term staking
❌ Add PLAX to fixed-term staking if you have any PLAX in flexible staking
❌ Convert part of the staked PLAX in flexible to fixed-term staking
Unstaking fee
0.1% if you unstake (withdraw) within 72 hours.
Only applies within 3 days of manually staking.
After 3 days, you can unstake with no fee.
The 3-day timer resets every time you manually stake more PLAX in the pool.
This fee only applies to manual unstaking: it does not apply to automatic compounding.
Performance fee
2%, subtracted automatically from each yield harvest.
For example, if the harvest were 1 PLAX , then 0.02 PLAX would be subtracted as the performance fee.
The PLAX collected via the unstaking fee and performance fee is burned every week as part of the regular PLAX token burns.
This is a good thing for PLAX holders because it reduces the overall amount of PLAX tokens in existence, which helps reduce inflation.
Stake your PLAX for a fixed amount of time to maximise yields and receive additional benefits! PLAX rewards will be locked along with the staked PLAX until the staking duration ends.
No performance fees
The longer you lock, the higher the boost applied to the yield! Always offering a higher yield compared to flexible staking!
PLAX rewards will unlock, along with your staked PLAX, when your lock duration expires
Once staked in fixed-term staking, you cannot withdraw until the end of your lock duration.
🎁 Enjoy benefits such as:
🗳️ Boosted voting power: vPLAX
🚜 Boosted farm yields: bPLAX
🛍️ IFO public sale entry: iPLAX
✨ Priority access or special events
and so much more in our ongoing multichain expansion!
If you have PLAX locked in fixed-term staking
✅ Add more PLAX to lock
✅ Extend the lock period
✅ Perform flexible staking on the side
❌ Harvest rewards
❌ Withdraw before the lock ends