Lock up your MAXX Tokens to earn $MAXX, and achieve delayed gratification by not selling early.
Staking is one of the core functions of MAXX Finance. After all, the project is based on the time locked deposits from traditional finance. However, where traditional banks only offer 1-2% APY, MAXX Finance offers 18-80% APY on stakes.
Unlike other DeFi staking projects, the interest is guaranteed for the staking duration. It does not rely upon third parties, external factors, or the staking behavior of other users in the ecosystem. What you see is exactly what you get!
You essentially are in full control of the stakes and ecosystem voting. At no point does anyone have possession of your $MAXX tokens.
When a user makes a stake, the transaction deposits their liquid MAXX tokens into the contract, where they are locked until the duration.
Users will be able to view and manage all of their stakes in the dashboard, along with functions such as Naming the stake, Selling early, Trading or listing the stake for sale on a marketplace, and more.
At a stakes maturity, the user can withdraw the Principal + Interest earned to their wallet.
There are a few factors that affect what APY you will get, which we will cover in the next few sections. When creating a stake, you will be shown the exact APY you are getting.