EARN Staking

How does staking work in EARN Protocol?

To start staking all you need to do is deposit your EARN token to the EARN Protocol staking contract. Once done you will start earning a pro rata share of the borrowing and redemption fees in PXDC and PLSX.

How much will my staked EARN token earn?

Your EARN stake will earn a share of the fees equal to your share of the total EARN staked, at the instant the fee occurred.

Is there a lock-up period?

No, you can withdraw your staked funds at any time.

Can I stake PXDC?

You can only stake EARN tokens. PXDC can be deposited into the Stability Pool instead.

Are staked EARN tokens used to backstop the system (like Maker) or for governance?

No, staked EARN are not used to backstop the EARN Protocol system and are not used for governance as there is no EARN governance.