Put your crypto to work by staking it through XREX Earn.
What is XREX Earn?
XREX Earn is a simple way to stake your crypto holdings and earn a recurring yield on them.
What’s new with XREX Earn?
We’re delighted to announce XREX Rewards, a program through which users can participate in centralized finance (CeFi) crypto staking on XREX and earn rewards, all whilst protecting your initial stake by guaranteeing the entire amount — something most platforms do not provide!
At XREX we’re always focusing on offering more ways for customers to earn crypto rewards through staking. Previously with our DeFi Staking offering on XREX Earn, we gave users the ability to easily participate in DeFi projects and earn yields by staking their Tether (USDT). Today, we’re expanding our staking offering to include staking on XREX itself, giving users a safer and simpler way to earn passive income on their crypto holdings.
Unique features of XREX Rewards
Some advantages of XREX Rewards include:
Mitigated risk: XREX protects and guarantees your initial staked asset thereby mitigating any risk from loss of value or any potential vulnerability from on-chain attacks.
Variable monthly reward rate (APR): XREX Rewards offers variable monthly APR vs variable daily APR offered by most DeFi projects, thus giving users a more consistent and stable reward rate throughout any given month.
Incremental reward rate (APR): Stake more, earn more, it’s that simple. XREX Rewards offers a tiered reward system wherein users can earn a higher reward rate (APR%) the more they stake.
Daily rewards: Earned rewards are paid out daily, giving users the flexibility to reallocate their earnings seamlessly.
No redemption fees: Unlike most other projects, XREX Rewards doesn’t charge any fee on the redemption of the staked asset.
No lock-in period: Users have the freedom and flexibility to redeem their staked crypto at any time, and without incurring any redemption fees. No more worrying about your funds ever being locked up!
Multi-platform: Accessibility is important, and we’ve made it super easy for you to access your staked portfolio, be it through our intuitive mobile app or through our desktop-friendly web interface.
What’s the difference between XREX Rewards and DeFi Staking?
XREX Earn offers two options to stake your crypto and earn yields, XREX Rewards, and DeFi Staking, see the differences in the table below:
Through our CeFi staking offering — XREX Rewards we aggregate multiple platforms and protocols while doing our best to protect you from the uncertainties and risks the sector can pose, we strive to provide you with a highly competitive variable monthly APR (annual percentage rate), the APR for each month is announced on the 1st day of that month, and is then locked for that month.
For example, consider this hypothetical situation:on the 1st of June, 2022 at 00:00 am (UTC +0) we announce an APR of 7%, this 7% rate applies for the entire month of June, however on the 1st of July, 2022 we will announce a new rate (APR), let’s consider 6.5%, which will then be locked for the entire month of July.
When it comes to DeFi Staking, weaim to offer our users only the best projects. However, XREX only acts as a platform to showcase projects and provide users with related services, such as accessing funds on behalf of the user and distributing reward earnings, etc. XREX does not assume liability for any losses incurred due to project on-chain contract security issues.
Some advantages of DeFi Staking include:
Ease of use: You don’t need to manage private keys, acquire resources, make trades, or perform other complicated tasks to participate in DeFi Staking. XREX’s one-stop offering allows you to generate rewards without having to keep an on-chain wallet.
Funds are safe: XREX selects only the best DeFi projects in the industry and constantly monitors the DeFi system in real-time in order to reduce any risks associated with such projects.
Consistent earnings: DeFi Staking does away with the exorbitant fees that come along with trading capital traditionally. With a consistent level of risk, users are able to earn the highest possible returns in the simplest way.
Learn all about XREX Rewards
How is the APR calculated, and how does one redeem earned rewards?
The 9% APR (Annual Percentage Rate) is the actual rate of return that can be earned in one year taking into account simple interest.
Additionally, XREX charges a platform fee of 15% which is levied on any rewards earned. Thus if for example, the variable monthly reward rate is 8% (APR) for any given month, the actual APR received would be 8%*85%= 6.8% eAPR (effective APR)
Hit the links below to read more about:
Why choose XREX Earn?
Today, staking crypto is a challenging endeavor for most investors, especially for beginners. In order to stake on your own, it requires running a node on your own hardware, syncing it to the blockchain, and then funding the node with enough cryptocurrency to meet minimum thresholds, including providing a sizable deposit and bond.
With XREX Earn, we do all of this for you. All you have to do is stake your crypto and XREX takes care of the rest, you retain full ownership of your staked tokens and also earn recurring rewards for staking.
Safety matters
To put it simply, XREX is your safe and seamless gateway into the CeFi and DeFi world, leveraging all the advantages of the emerging CeFi and DeFi industry while reducing stress and complexity for you.
Users should however be aware of the risks associated with staking cryptocurrencies, the potential of on-chain vulnerabilities when it comes to DeFi staking, and the fluctuating value of the initial staked asset in DeFi protocols which is dependent on market variables.
In short, users should conduct their own due diligence and research, and only then select a staking project that best suits their needs, while we take care of providing you with the best opportunities with mitigated risks so that your assets can generate consistent passive income.
Happy staking!
The XREX team