FLEX Staking
Last updated
Last updated
To start staking all you need to do is deposit your FLEX token to the Flex Protocol staking contract. Once done you will start earning a pro rata share of the borrowing and redemption fees in HEXDC and HEX.
Your FLEX stake will earn a share of the fees equal to your share of the total FLEX staked, at the instant the fee occurred.
No, you can withdraw your staked funds at any time.
You can only stake FLEX tokens. HEXDC can be deposited into the instead.
No, staked FLEX are not used to backstop the Flex Protocol system and are not used for governance as there is no Flex governance.