EtherNexus Staking Guide 1.0

As we celebrate the launch of one of our main tools of the EtherNexus ecosystem — the staking platform, here’s everything you need to know about how it works and what you can expect from it in the months to come.

Smart Contracts Information

sENXS — ENXS staking token

• Address: 0x74Cbe0aE7CB8275Bb4850913e72cE636FB5A13c0
• Decimals: 9
• Purpose: This token is automatically received in place of your staked ENXS that is sent to the staking contract. You can add it to your wallet to keep track of your total ENXS staked. It will also be used as a subscription token for premium features of all our tools, including the Telegram bot, Analytics dashboard 2.0, and more. Finally it allows whales to stay in the whale group on Telegram and Discord as the CollabLand bot checks for this token instead of ENXS.

gENXS — ENXS governance contract

• Address: 0x2c37f70de4CaB54227B798a088f96C7571228403
• Decimals: 15
• Purpose: This token is automatically received (minted) whenever you create a new stake on the staking dapp. Each stake adds up to your total gENXS. You keep gENXS after unstaking (unlike sENXS which gets burned when you unstake) and will be the primary method to influence the decisions once the Nexus governance portal is launched.

How to Stake

1. Connect your defi wallet to the staking dapp.
2. Enter the amount of ENXS you wish to stake, or click MAX to select the max amount in your wallet.
3. Select the duration of your stake in the calendar — the minimum stake duration is 1 week, the maximum duration is 2 years.
4. Click the “Enable” button to approve token spend, allowing the staking dapp to use your tokens.
5. After the approve transaction is confirmed, click the button again, now labeled “Confirm”, to confirm your stake.

Your Staking Stats

Once you have at least one active stake, you will be able to see all your active stakes, as well as your staking stats, as shown above.

• Claimed ETH: Total ETH rewards claimed on the connected wallet.
• Claimable ETH: ETH currently claimable for the connected wallet.
• Pool share rate: Your rewards pool ownership percentage, the higher the percentage the more rewards you can claim once they are distributed to the staking pool.
• Reward points: Calculated as AMOUNT STAKED * STAKING MULTIPLIER. Staking multiplier depends on the stake duration selected, the longer your stake is, the higher the multiplier.

Other staking page options

Clicking the “Add Stake” button allows you to create additional stakes, each with their own amounts and duration, independent of the existing stakes.

The “Claim & reinvest” toggle is ON by default. This feature allows you to claim your share of ETH rewards and immediately use it to buy more ENXS on Uniswap. Buying ENXS using this feature gets you ENXS at 0% buy tax, instead of the default 5% when buying manually. Alternatively you can toggle this feature off and just claim your ETH.

Each stake can be unstaked separately, you are not unstaking all your stakes at once. When unstaking keep in mind that you will pay an early withdrawal fee if your stake has not matured. The ENXS tokens paid as a fee are burned, taking those tokens out of circulation.

Additional Information

sENXS (staking token) is received in 1:1 ratio to the amount of ENXS that you stake. Whenever you stake ENXS, sENXS is minted and sent to you. Whenever you unstake ENXS, sENXS is taken from your wallet and burned.

The amount of gENXS (governance token) that you receive is equal to reward points given for each new stake, however they are never burned when you unstake.

Reward points determine your share of staking pool rewards. Each stake you create has its own reward points, which add up to your total reward points. With each stake unstaked, you lose reward points that was assigned to that stake.

Minimum early withdrawal fee is 2%, maximum early withdrawal fee is 15% — these fees are only applied if you unstake before your stake matures. After your stake matures, you can keep it staked and keep receiving rewards, or unstake with no early withdrawal fee.

Minimum staking multiplier is 1x (one week), maximum staking multiplier is 2.5x (two years).

The date of the first EtherNexus rewards distribution will be decided in the next 2 weeks, but will happen no later than end of May. In the future, the plan is to distribute rewards once per month, and eventually make it more frequent as our trade volume increases and traders keep bringing in more profits for the ENXS stakers.