User Guide: How to use FINIX Long-term Staking on Definix-Klaytn platform

  1. Connect Wallet (on the top, right-hand side).

2. Select the wallet that you prefer.

3. Press ‘Approve contract’ and press ‘Confirm’ in your wallet.

4. Select the period that you want to stake and put the amount of FINIX token, then press the ‘Stake’ button.

The duration of staking is divided into 3 periods which are 90, 180, and 365 days. The specialty of staking FINIX in a longer period of time will add up to the multiplier of 1x, 2x, and 4x of vFINIX reward to be received as shown relatively in the chart below.

Example:

  • If you stake a minimum of 1,000 FINIX and lock for 90 days (3 months), you will receive 1x of vFINIX (for example stake 2,000 FINIX will receive 2,000 vFINIX.)
  • If you stake a minimum of 10,000 FINIX and lock for 180 days (6 months), you will receive 2x of vFINIX (for example stake 20,000 FINIX will receive 40,000 vFINIX.)
  • If you stake a minimum of 30,000 FINIX and lock for 365 days (1 year), you will receive 4x of vFINIX (for example stake 40,000 FINIX will receive 160,000 vFINIX.)
  • There is no maximum amount for each tier.
  • vFINIX is not a transferable and tradable token except used in the Definix platform.

5. Confirm transaction in your wallet.

6. You will see your staked asset under the “My Asset” section below. FINIX APR reward is available for harvest and can be harvested anytime.

Done! Now you are Staking FINIX in the Long-term Staking Pool!

Unstake

  1. When the period for staking ends, you can unstake FINIX token by pressing the ‘Unstake’ button, and confirm in your wallet.

Early Unstake

Terms and Conditions

  • APR reward will stop generating immediately after unstaking.
  • The full deposited order of FINIX will be locked upon the time-stop with accordance to the amount of period.
  • 90 days will be locked 7 days and deducted 15% before receiving staked FINIX.
  • 180 days will be locked 14 days and deducted 25% before receiving staked FINIX.
  • 365 days will be locked 28 days and deducted 40% before receiving staked FINIX.

All the FINIX taken from the penalty will be utilized to support the ecosystem to buyback and burn. Burning of FINIX token will be important for the sustainability of tokenomic supply and price.

  1. Press ‘Early Unstake’ and ‘Confirm’ transaction in your wallet.

Claim

1. After the penalty period ends, the ‘Claim’ button will be enabled for claim. Press claim and confirm the transaction in your wallet.

Channels:

SIX Network: https://six.network/

Telegram: https://t.me/SIXnetwork(International), https://t.me/SIXnetworkTH (Thai group)

Kakao Open Chat: https://open.kakao.com/o/gsh5pWGd (Korean)

Definix Facebook Page: https://www.facebook.com/definixofficial

Definix Twitter: https://twitter.com/DefinixOfficial

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
SIX Network

The ultimate DeFi protocol for investors make the most from the crypto assets.