FLEX Staking

How does staking work in Flex Protocol?

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.

How much will my staked FLEX token earn?

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.

Is there a lock-up period?

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

Can I stake HEXDC?

You can only stake FLEX tokens. HEXDC can be deposited into the Stability Pool instead.

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

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