The emergence of DeFi is phenomenal; it opened up multiple finance-based products to the public, allowing them to partake in yield generation. In addition to this, staking has also emerged within DeFi, rewarding users who contribute liquidity to the protocol. In this context, Dexlyn, the Supra Network primary DEX, has established a distinct and profitable LP staking strategy. This blog focuses on how Dexlyn\u2019s tiered staking contracts truly grant users the ability to earn more while maintaining a healthy trading ecosystem.<\/p>\n
Decoding Dexlyn: The Supra Network Primary\u00a0DEX<\/strong><\/p>\n Compared to other DEXs, Dexlyn\u2019s gas fees are lower. With premium-grade security, seamless trading, and unparalleled cross-chain liquidity access, it makes it super handy to operate directly on the Supra Network. Moreover, all users can take advantage of Dexlyn\u2019s advanced capabilities: automated market creation, real-time analytics telemetry, and a dynamic trader dashboard. With such capabilities, traders can better position themselves and advance their edge in the market. Further, as the greater DeFi ecosystem evolves, so will decentralized trading, spearheaded by\u00a0Dexlyn.<\/p>\n What is LP Staking on\u00a0Dexlyn?<\/strong><\/p>\n Essentially, LP Staking allows users to effectively \u201cstake\u201d or lock their liquidity provider (LP) tokens\u200a\u2014\u200aearned from Dexlyn\u2019s pools\u200a\u2014\u200ato earn extra profits on top of trading fees\u200a\u2014\u200aalso called rewards. On Dexlyn, only the LP tokens from SUPRA-dexUSDC pool are allowed for staking. This approach gives participants an opportunity to capture lucrative rewards while also ensuring great SPREAD for the platform\u2019s flagship trading\u00a0pair.<\/p>\n How Dexlyn\u2019s LP Staking Works: Structure and Mechanics<\/strong><\/p>\n Dexlyn uses a three-pool system approach for its staking model that has been designed around the concepts of participation and maximized rewards:<\/p>\n Level of each pool is differentiated by APY, maximum achievable limit of LP tokens and lock up durations on\u00a0yields.<\/p>\n Daily Reward Calculation: <\/strong>Any earned tokens will be allocated once every 24 hours, influenced by the balance of staked LP\u00a0tokens.<\/p>\n Lock in Period: <\/strong>Staked LP Tokens must achieve a 3 month lock period, no early withdrawal allowed.<\/p>\n The Staking Journey: Step-by-Step Guide<\/strong><\/p>\n Add Liquidity, supply assets to the SUPRA-dexUSDC pool and get LP tokens in\u00a0return.<\/p>\n Choose a Pool: <\/strong>From the DashBoard select which pool to stake based on its APY and capacity.<\/p>\n Stake LP Tokens: <\/strong>Through DashBoard deposit you LP tokens in the selected\u00a0pool.<\/p>\n Monitor Rewards: <\/strong>Rewards and pool status can be viewed in real\u00a0time.<\/p>\n Withdraw & Claim:<\/strong> After three months period you may withdraw your LP tokens and claim your rewards (note: rewards are finalized 24 hours after you\u00a0stake).<\/p>\n Real Time Dashboard: <\/strong>Accessing balances, rewards and overall staked amounts as well as the pools tendered can be done at any moment seamlessly.<\/p>\n Cross Chain Capabilities:<\/strong> Built for scaling, Dexlyn\u2019s architecture is primed for future multi-chain staking\u00a0pools.<\/p>\n What\u2019s makes Dexlyn\u2019s Staking Particularly Unique<\/strong><\/p>\n In contrast to the rest of DEX\u2019s staking, Dexlyn is offering structure pools that\u00a0have:<\/p>\n Set Reward: <\/strong>Clarity and confidence comes from fixed APY and duration.<\/p>\n Balanced Reward: <\/strong>With sequential pools, there is no reward dilution and this drives long-term participation.<\/p>\n Ecosystem Development: <\/strong>Staking helps Dexlyn\u2019s liquidity and all participants gain value, while also reinforcing the Supra\u00a0Network.<\/p>\n Frequently Asked Questions (FAQ)<\/strong><\/p>\n Que. <\/strong>Can I stake LP tokens from other\u00a0pools?<\/p>\n Ans. <\/strong>At the moment, only tokens from the SUPRA-dexUSDC LP are available.<\/p>\n Que. <\/strong>What if I do not make it in time for a pool\u2019s start\u00a0time?<\/p>\n Ans. <\/strong>You can wait for the next pool to open and then\u00a0join.<\/p>\n Que. <\/strong>How are rewards calculated?<\/p>\n Ans. <\/strong>Daily rewards are provided on a daily basis depending on the amount of the pool that is allocated that you have staked along with other participants.<\/p>\n Que. <\/strong>What are the\u00a0risks?<\/p>\n Ans. <\/strong>The risks include impermanent loss and not being able to make a withdrawal during the lock in\u00a0period.<\/p>\n The groundbreaking LP staking framework of Dexlyn provides an unmatched level of earning potential for liquidity providers looking for fluid earnings. The more liquidity you withhold, the more you hold, while also contributing to the development of a next generation DeFi platform.<\/p>\n With your liquidity primed and ready for action, is the time\u00a0now?<\/p>\n Join Dexlyn to begin staking today and be a part of the evolution of decentralized finance!<\/p>\n Hold More, Earn More: Dexlyn\u2019s Rewarding Staking Experience<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" The emergence of DeFi is phenomenal; it opened up multiple finance-based products to the public, allowing them to partake in yield generation. In addition to this, staking has also emerged within DeFi, rewarding users who contribute liquidity to the protocol. In this context, Dexlyn, the Supra Network primary DEX, has established a distinct and profitable […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-98630","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/98630"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=98630"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/98630\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=98630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=98630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=98630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}