Stakes
Stakes | Status | Initial Stake | Total Boost | Est. Rewards | Stake Progress | Time Lock Ends | Actions |
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The Kondux Staking system is the first rollout and base layer for the Kondux Ecosystem.
It provides a range of time lock options, each offering a higher boost dependent on the duration of the lock period. On unstake, a 1% withdrawal fee applies.
Initially, holders will be able to stake their KNDX for rewards in KNDX. Rewards carry a base APY of 25%.
Holders can boost their rewards percentage by holding a Founders Pass and/or KNFTs (ERC-721s). Each Founders NFT holder enjoys a 10% boost on rewards percentage. kNFT holders receive a cumulative boost, imprinted in the kNFT DNA, of a variable percentage, ranging from 1% up to a maximum of 5%. It will stack up to 5 kNFTs, choosing the highest boost among them.
30 days: standard rewards
90 days: 1% reward boost
180 days: 3% reward boost
365 days: 9% reward boost
If you stake 10,000 KNDX tokens with no boosts and unstake after 365 days, your APY for 365 days would be 25% (25% * 365/365), and your reward would be 2,500 KNDX tokens.
There is (up to) a 10% penalty for early unstake, based on a sliding scale relative to the chosen lock period.
With this release, comes our introduction to the Helix Token. Helix is minted on stake of KNDX, at a 10,000 to 1 Ratio, and deposited in the staking wallet. When the user unstakes, the Helix is burned, and the KNDX (plus rewards) are deposited back into the holder's wallet.
*For now, Helix will simply be a placeholder for your staked KNDX, but this dynamic will become much more involved as we continue to roll out more platform features. Helix will be used for many various in-ecosystem interactions, including character/Item alteration and mutations, redemption for various KNFT assets, dynamic partnership pools, and many more aspects to come.
Kondux contracts and protocols are designed and built for seamless integration of potential partners and collaborations at the blockchain level. This includes staking other ERC-20s to mint Helix, minting projects with the KNFT contracts, utilizing the KNFT DNA Protocol, staking and boost benefits, and much more to come.
If you stake 10,000 KNDX tokens with a Founder's NFT (10% boost), five kNFTs each with a 5% boost (25% boost), and a 365-day locking period (9% boost), your total boost would be 44%.
The resulting APR for 365 days would be 36% (25% * 365/365 * (1 + 0.44)), and your reward would be 3,600 KNDX tokens.
If you stake 10,000 KNDX tokens with a Founder's NFT (10% boost), five kNFTs each with a 5% boost (25% boost), and 180-day locking period (3% boost), your total boost would be 38%.
The resulting APR for 180 days would be 17.01% (25% * 180/365 * (1 + 0.38)), and your reward would be 1,701 KNDX tokens.
If you stake 10,000 KNDX tokens with a Founder's NFT (10% boost), five kNFTs each with a 5% boost (25% boost), and a 365-day locking period (9% boost), your total boost would be 44%. The resulting APR for 365 days would be 36% (25% * 365/365 * (1 + 0.44)). Now let's say you unstake early at 180 days. The resulting APY for 180 days would be 17.75% (25% * 180/365 * (1 + 0.44)).
However, since you unstake earlier than the locking period, you will lose all the bonuses and be penalized. The remaining locking period is 185 days (365 - 180). The penalty percentage is 10% * (185 / 365) = 5.06%. Since the minimum penalty is 1%, the penalty applied will be 5.06%. The final APR after penalties for 180 days would be 12.69% (17.75% - 5.06%), and your reward would be 1,269 KNDX.
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