ALEX staking involves “locking up” your $ALEX token on the platform for an amount of time (”rewards cycles”) in exchange for earning protocol rewards.
You can think of $ALEX staking as depositing money into an interest-earning account. The longer you keep the money in the account the more interest you earn. Similarly, the longer you stake $ALEX the more rewards you earn.
ALEX provides two options for staking ALEX
- Auto-ALEX Staking
- Manual(Customized)s ALEX Staking