Presenting Pandora — DEXG’s 4th staking round.
We would like to announce the 4th staking round, Pandora which will be the halfway point of our staking program for the DEXToken project.
The ‘LUNA’ and ’CALYPSO’ staking round saw over 99% of the Balancer liquidity provider BPT tokens staked, the DEXG staking mechanism continuing to be the the projects cornerstone of fair distribution and decentralisation of the DEXToken Protocol. With the third staking round concluded, we are now moving ahead in the staking timeline, presenting PANDORA.
Like the LUNA and CALYPSO rounds, this fourth staking round also adopts the liquidity locked staking model, utilising our DEXG/USDC shared Balancer Pool. Please refer to our previous announcement for a detailed explanation of the pool.
Continuing with our staking and supply distribution model, the PANDORA staking round will distribute 3,150 DEXG as staking rewards. This takes into account the existing ATH and an active user base of around 600 wallets. Accordingly, the circulating supply will increase from currently 39,750 DEXG to 42,900 DEXG after the PANDORA staking round concludes.
The PANDORA round will adopt the staking rules in the LUNA and CALYPSO rounds. Recap the rules as follows.
- Same as in the CALYPSO round, the PANDORA staking round will also accept the DEXG/USDC BPT token for deposit and staking.
- Please only use the official DEXG/USDC Balancer Shared Pool to provide DEXG/USDC liquidity and receive the corresponding BPT token. You can check the total supply of BPT tokens at the smart contract.
- The team will use the BAL rewards distributed weekly to the staking contract to engage in buybacks of DEXG on the Balancer market
For more details, please refer to the DEXG ‘LUNA’ Staking Round article.
PANDORA: Round Quickview
PANDORA: Reward Calculation
Like in the ‘LUNA’ and ‘CALYPSO’ round, the amount of issued DEXG staking rewards depends on the share of the total staking pool. For example, a 1% share of the total staking pool would yield 1% (31.50 DEXG) of the total staking rewards (3,150 DEXG).
- My BPT Locked: The amount deposited DEXG/USDC LP BPT tokens locked in the staking dApp.
- Total BPT Locked: The amount of all locked DEXG/USDC LP BPT tokens.
- MyShares: The percentage share among the staking pool.
PANDORA: Staking Policy
The PANDORA round will adopt the staking policy in the LUNA and CALYPSO rounds.
- BPT Deposits: DEXG/USDC liquidity providers can deposit BPT tokens from deposit opening to staking end, deposits will not be closed in-between.
- BPT Withdrawals: DEXG/USDC liquidity providers can withdraw BPT tokens anytime during the staking round.
- Reward Claim: DEXG reward tokens can only be claimed after the PANDORA staking round ended.
- DEXG Reward Withdrawals: DEXG/USDC liquidity providers can only withdraw DEXG reward tokens after the PANDORA staking round ended.
- DEXG Reward Amount: The amount of DEXG reward token received depends on the total share of the staking pool and on how long the deposited BPT tokens have been staked in the PANDORA round staking period. Reward collection will stop automatically when the BPT tokens are withdrawn during the staking round.
Every staking round has a separated staking smart contract so that stakers have to withdraw BPT tokens from the ended staking round and deposit these BPT tokens to the next rounds staking dApp. However, as mentioned before, stakers can leave their BPT within the dApp in the time between the rounds to support the project’s buyback incentive.
During the CALYPSO staking round the staking contract mined ~149.69 BAL. A combined of ~288 BAL liquidity mining rewards in total will be used to buybacks. We will share a community update when this has taken place.
- Official DEXToken Website
- Official DEXToken Staking dApp
- Official DEXToken Telegram Group
- Official DEXToken Announcement
- Official DEXToken Twitter
- Official DEXToken Medium
- DEXG at Coingecko
- DEXG at Coinmarketcap
- DEXG at Etherscan
- DEXG/ETH VCC Exchange Trading Pair
- DEXG/USDT Uniswap Trading Pair
- DEXG/USDC Balancer Shared Pool
© DEXG Team
DEXG tokens are not intended to constitute securities in any jurisdiction. The white paper does not constitute a prospectus or offer document of any sort, and is not intended to constitute an offer of securities or a solicitation for investments in securities in any jurisdiction.
The Flowchain Foundation Limited disclaims any and all responsibility and liability to any person for any loss or damage whatsoever arising directly or indirectly from (1) reliance on any information contained in this white paper, (2) any error, omission or inaccuracy in any such information, or (3) any action resulting therefrom.
The value of DEXG tokens is currently very volatile. Flowchain Foundation (“Company”) does not have any means of stabilizing the token value, please buy at your own risk. Unlike bank accounts or accounts at some other financial institutions, DEXG are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer or private insurance arranged by Company, to offer recourse to you. Because DEXG are based on the Ethereum protocol, any malfunction, breakdown or abandonment of the Ethereum protocol may have a material adverse effect on the platform or DEXG. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to the DEXG and the platform, including the utility of the DEXG for obtaining services, by rendering ineffective the cryptographic consensus mechanism that underpins the Ethereum protocol.