A step-by-step guide to Single Side Staking on the Cryptex Finance dApp.
<aside> 💡 TLDR: Single-side Staking lets CTX holders stake and delegate their tokens to Crypt Keepers to help govern the Cryptex Finance DAO.
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Single-sided Staking lets CTX holders stake their Cryptex Finance governance tokens, CTX, and earn rewards by delegating their voting rights to Crypt Keepers for various proposals within the DAO.
To start Single Side Staking, you need to get CTX first. Then, open the Cryptex Finance dApp, link your wallet, and go to the delegate tab.
Make sure to check the Crypt Keepers before you stake or delegate your CTX. Remember that you can't withdraw until the waiting period of 7 days has passed.
After the process is done, you can look at the rewards in real-time on the Cryptex Finance dApp and Zapper.fi.
60,000 CTX is available for staking with no restrictions and rewards are earned every six months based on the number of blocks. The APY will be shown once the system is active.
Users who hold CTX can deposit it into the Cryptex Finance dApp. From there, it can be delegated to a Crypt Keeper to earn rewards.
For a step-by-step guide on how to stake & delegate your CTX, click here.
For a step-by-step guide on how to make yourself a Crypt Keeper, click here.