Single Sided ARX Staking for Real Yield: A Tutorial
Welcome to the Arbidex tutorial on single sided ARX staking for real yield. In this guide, we will explore the different options available for stakers to earn their pro rata share of 100% of the fees generated by the platform. We'll also discuss the potential yields, how to add to staked positions, and how to earn USDC, WETH, and WBTC from staking ARX.
Arbidex Fees:
Arbidex generates substantial fees from swaps, LP deposits, and staking deposits. In fact, in only its first week of operation (March 16th-23rd, 2023), Arbidex generated over $25,000 in fees. At Arbidex, all of these fees are paid out to stakers in liquid, blue chip tokens including USDC, WETH, and WBTC. In contrast, other Dexes pocket these fees for their development team.
Staking for the First Time:
When staking for the first time, you will see two options: Earn ARX and Flexible ARX. Earn ARX offers stakers locked periods at higher APRs than Flexible ARX, ranging from 1 week to 1 year. To get started, click โEnableโ, then enter the amount you wish to lock stake and select the timeframe. The UI will indicate your unlock date and time, as well as your ROI based on the current token price and APR. Click โDetailsโ to see the current status of the pool.
For Flexible ARX, click โEnableโ, then enter the amount of ARX you choose to stake. There is no lock period for flex staking. The ARX pools are auto-compounding, so you do not have to harvest your gains in order to reinvest them in the pool.
Adding to Staked Positions:
If you wish to add to your locked staking position, click โAdd ARXโ. If you choose to extend the duration of your existing lock, click โExtendโ. Removing ARX at the end of the lock period is done with the minus sign button.
Adding to flex positions is done with the plus sign button, and removing is done with the minus sign.
Single Sided Staking for Blue Chip Yield:
Earning USDC, WETH, ARB and/or WBTC on your ARX is easy. Simply choose the pool(s) into which you will deposit your ARX, enter the amount to stake, then click โStakeโ. There is no lock period with these blue chip pools. You will see in real time the amount of your earnings, both in the token and its equivalent value in USD. Click โHarvestโ to claim these gains for either reinvestment in the pool, LPโing in the liquidity pools, or profit taking. There is no auto-compound function for the Blue Chip pools.
Fees:
Fees associated with the staking pools are found in the Docs.
Conclusion:
That concludes our tutorial on single sided ARX staking for real yield. We hope you found this guide helpful and informative. Remember, Arbidex offers different options for stakers to earn their pro rata share of 100% of the fees generated by the platform. By staking your ARX, you have the opportunity to earn massive yield on your staked ARX, in addition to natural price appreciation of the token.
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