NX Academy
  • Academy Overview
  • NX 101
    • Module 1｜Introduction to NX
    • Module 2.1｜Leverage Basics
    • Module 2.2｜Liquidation Basics
    • Module 2.3｜Liquidation In NX
  • Fulcrum 101
    • Module 3.1｜What is Fulcrum Strategy
    • Module 3.2｜How Does Fulcrum Strategy Work
    • Module 3.3｜Deposit to Earn
    • Module 3.4｜Leverage to Earn
      • Module 3.4.1 | JLP Hedge
    • Module 3.5｜JLP 101
    • Fulcrum Summary
  • GMS 101
    • Module 4.1｜What is Airdrop
      • Module 4.1.1｜What is AirdropFi
    • Module 4.2｜What is GMS Strategy
    • Module 4.3｜How GMS Strategy Works
    • Module 4.4｜Integrated Protocols
      • Module 4.4.1｜Solayer
      • Module 4.4.2｜SolanaHub
      • Module 4.4.3｜The Vault
    • GMS Summary
  • NX Staking
    • Module 5.1｜Introduction of NX Staking
    • Module 5.2｜Your sNX automatically increases over time!
    • Module 5.3｜Unstake NX
    • Module 5.4｜Reward Breakdown
    • Staking Summary
  • NX Vault
    • Module 6.1｜Introduction of Vault
    • Module 6.2｜What is JLP Delta Neutral Strategy
    • Module6.3｜How does JLP Delta Neutral Strategy work
    • Module 6.4｜Why did we choose to Build on Drift
    • Vault Summary
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  • What is NX Staking?
  • Key Benefits of Staking:
  • How Does NX Staking Work?
  1. NX Staking

Module 5.1｜Introduction of NX Staking

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Last updated 2 months ago

Welcome to the final module of our guide, where we'll explore NX Staking—a core feature of the NX Finance ecosystem that offers users a range of benefits and rewards. Here's a beginner-friendly guide to understanding and participating in NX Staking:

What is NX Staking?

NX Staking is the process of locking up your $NX tokens within the NX Finance platform to earn various rewards and participate in governance. By staking, you contribute to the security and growth of the ecosystem while receiving benefits in return.

Key Benefits of Staking:

  1. Revenue Sharing: Gain a share of referral bonuses, strategy performance fees, and platform earnings. This means you earn a portion of the platform's revenue based on your staked amount.

  2. Airdrop Boosts: Staking NX provides an exclusive boost to all future NX airdrops. The more NX you stake, the higher the boost, up to 100%.

  3. Governance Participation (Coming Soon): Vote on important proposals, strategies, and decisions that shape the future of NX Finance. Your voting power is directly proportional to your staked NX.

How Does NX Staking Work?

When you stake your $NX tokens, you receive sNX (staked NX), which represents your staked position within the platform. Here's how it functions:

  • Staked State: sNX in the staked state participates in revenue sharing. The more sNX you staked, the more rewards you can earn from the platform's performance.

  • Available State: sNX in the available state does not participate in revenue sharing. To start earning rewards, you need to manually convert your available sNX to the staked state by clicking the [restake button].

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