⚓Stake
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
The protocol rewards are provided in the form of more $ALEX as well as $APower which is only available to stakers to be used in the ALEX launchpad.
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