How does staking NEX work?
Users can stake their NEX tokens in a smart contract that pays out a proportion of our Exchange revenue. Follow this guide on how to configure stakes within the Nash web platform.
The base fee-share rate is 25% (when a user stakes their NEX tokens for one month). This increases linearly up to 75% if a user is willing to stake for two years. Two years is the maximum length of time for which a person can stake.
Staking rewards are always calculated using the whole 50,000,000 NEX supply. Rewards are not dependent on the current amount of NEX staked.
Your dividends are automatically added to your trading contract balances. They are paid out on a daily basis, shortly after midnight UTC. Nash provides monthly staking statements that aggregate these payments into a single figure for accounting purposes. Since the fees on a trade are charged in the currency being exchanged, you will receive dividends in every asset currently being traded on Nash.
For legal reasons, we cannot convert your dividends for you. However, we are developing a tool to allow you to convert dividends yourself with a single click.
An example dividend
Dividends are paid out daily. Say that Nash has generated fees equivalent to $1,000,000 in the last 24 hours and that a user owns 1,000 NEX tokens out of the total 50,000,000 supply. If the user has staked NEX at the two-year staking rate of 75%, they are eligible for a dividend worth: $1,000,000 ∗ 1,000 / 50,000,000 ∗ 0.75 = $15.
$1,000,000 ∗ 1,000 / 50,000,000 ∗ 0.75 = $15.